Lutheran Foundation for the Aged Inc
Nonprofit profile at a glance
- EIN
- 363365615
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Arlington Heights, IL, USA
- Phone
- 8473687342
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Senior Centers
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,230,855
- Expenses
- $3,258
- Assets
- $23,338,700
- Liabilities
- $27,655
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- M SLOAN BENTLEY (PRESIDENT & CEO-VICE CHAIR)
Highest reported compensation
- M SLOAN BENTLEY (PRESIDENT & CEO-VICE CHAIR): $749,932 total reported compensation
- AMY LACROIX (SECRETARY): $526,356 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To solicit and receive gifts and contributions for and on behalf of lutheran home and services for the aged, inc. And any not for profit organizations affiliated therewith, and such other charitable organizations which are exempt from taxation under section 501(c)(3) of the internal revenue code.
What it reported doing in 2024
Foundation supporting the work of all services provided in the lutheran home and services for the aged, inc. System through fundraising, events and special programming.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 84
- Accountability: 52
- Sustainability: 86
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.4%; rating input score 0
- Program expense ratio: 78%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 99.7%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 7,163.51; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 928.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 45.6% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 0.4% of revenue deployed · 78% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $750K · 3 people listed · 4 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 11 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.