Lutheran Homes for the Aging
Nonprofit profile at a glance
- EIN
- 420680326
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Location
- Cedar Falls, IA, USA
- Phone
- 5157953007
- Rating confidence
- Limited
- Sector
- Housing Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MATT HAU (EXECUTIVE DIRECTOR)
Highest reported compensation
- KRIS HANSEN (CHAIR): $431,031 total reported compensation
- CATHERINE MEIER (TREASURER): $249,151 total reported compensation
- MATT GARCIA (CBO (THRU 10/2020)): $232,370 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nursing home care ownership of land, building, and equipment used by affiliated exempt organization.
What it reported doing in 2020
Luteran homes for the aging owns fixed assets located at 613 w north st, madrid, ia and leases these assets to madrid home for the aging, a related tax-exempt organization, for $1 per year.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 48
- Accountability: 28
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 1st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -65.1% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -21.4% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -25.2% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $431K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 11 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 10 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.