Lutheran Services Carolinas
Legal name: Lutheran Home Hickory West Property Inc
Nonprofit profile at a glance
- EIN
- 205304712
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Salisbury, NC, United States
- Phone
- 7046372870
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,032,177
- Expenses
- $813,795
- Assets
- $16,753,570
- Liabilities
- $10,689,948
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- TED GOINS (PRESIDENT/CEO)
Highest reported compensation
- TED GOINS (PRESIDENT/CEO): $467,013 total reported compensation
- KIRBY NICKERSON (CHIEF FINANCIAL OFFICER): $336,954 total reported compensation
- KESHA SMITH (CHIEF OPERATING OFFICER): $323,120 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LSC our mission is simple, we are here to serve. While continuing its support of the Lutheran Children’s Home, an NC Synod study commission recommends pursuing an affiliated children’s services program in NC. In 1976, the board of Lutheran Children’s Home establishes an NC Division and the first Lutheran Family Services (LFS) office is set up in the basement of Holy Trinity Lutheran Church in Raleigh, NC. 1978 North Carolina Lutheran Homes and St. Andrews and Bethany Lutheran Churches cooperate to build and administer Lutherhaus, a federally-subsidized apartment complex for low-income and handicapped individuals in Hickory. The complex opens in 1980.
What it reported doing in 2024
Lutheran home hickory west property, inc. Owns the land and building located at 2140 medical park drive in hickory, nc. The corporation leases the nursing home to lutheran home hickory west, inc., which strives to be a true home for its residents, a place of comfort, security and belonging. As lessor, lutheran home hickory west property, inc. Charges reasonable lease payments sufficient to provide on-going upkeep of the facility.
Operating model
- Revenue model
- Other-operating. 84% of the money available for current operations came from other operating revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 70
- Accountability: 72
- Sustainability: 69
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.6%; rating input score 86
- Program expense ratio: 99.1%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th 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: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.2%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 20.59; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 85.6% of revenue deployed · 99.1% of spending went to programs
- Governance: 2 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $806K in reported program spending
- Leadership: top reported pay $467K · 7 people listed · 2 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 38 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.