Lutheran Memorial Home

Nonprofit profile at a glance

EIN
341269827
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Toledo, OH, USA
Phone
4198614990
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$5,539,424
Expenses
$5,627,358
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

8 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of lutheran memorial home is to provide residential & supportive services on an intermediate, extended, and sub-acute care basis. (see schedule o for additional info) lutheran homes society, inc., the parent corporation of lutheran memorial home promotes and facilitates the charitable, religious, educational, and scientific purposes for which it has received tax exemption, by providing lutheran memorial home with benefits and services to support the ministry, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lutheran memorial home directly or indirectly in promoting the general health and welfare of the community in which it operates; promoting more efficient utilization of resources through the exercise of purchasing power, construction services, the efficient deployment of manpower and equipment, and the coordination and provis

What it reported doing in 2010

Lutheran memorial home is a not-for-profit organization that provides residential care and supportive services for the elderly. As a faith-based provider of such services, lutheran memorial home continues to honor its mission to extend its services to the vulnerable of our population, specifically elderly. We demonstrate behaviors relecting our core values of faithfulness to christ, equality and justice, wholeness of life, integrity, quality of service, and stewardship of resources. (see schedule o for additional info) lutheran memorial home overview services provided through the skilled nursing care center include 24-hour skilled nursing care, intensive physical, occupational, and speech therapy, rehabilitation and restorative programming, specialized dietary programming, diabetic management, dementia care and psychological services, pastoral care, planned activities, laundry and housekeeping, hospice and respite care, in-house podiatry, vision and dental services, pharmacy services, social services, and resident advocate. In 2010, lutheran memorial home provided residential and supportive services for a total of 25,745 resident days. In 2010, lutheran memorial home provided 66,836 in charitable care. In 2010, lutheran memorial home provided an additional 612331 in community benefit. These dollars include charity care for those who cannot pay and below-cost reimbursement from medicare and medicaid. Lutheran memorial home, as part of the many ministries of lutheran homes society, has always been an exemplary provider of compassionate, quality care to those we serve, but we are also committed to improving and contributing to the community in which we live and work. In addition to the residents and clients served directly, a wide variety of broad community support activities contribute to the accomplishment of our tax-exempt purpose.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: 79
  • Accountability: 90
  • Sustainability: 23
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.6%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.4%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.8M in reported program spending
  • Leadership: top reported pay $253K · 8 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.