Lutheran Social Services of Nevada
Nonprofit profile at a glance
- EIN
- 860845241
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Las Vegas, NV, USA
- Phone
- 7026391730
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
- Affiliation
- Christianity
Reported finances
- Revenue
- $5,115,722
- Expenses
- $4,766,654
- Assets
- $4,542,785
- Liabilities
- $535,736
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- TIM BEDWELL (FY24 CEO)
- CARRIE COX (PRESIDENT)
Highest reported compensation
- ARMENA MNATSAKANYAN (FY23 ED): $178,971 total reported compensation
- LISA LEDET (FY23 FINANCE): $76,800 total reported compensation
- LINDA DOWNING (CONTROLLER/H): $33,269 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To express the love of christ by serving and caring for 8,000 - 10,000 families in need - food assistance, nutrition education, snap (formerly known as food stamps) assistance, congregate hot meal programs for seniors, health insurance for low income families, holiday gift programs, and temporary financial assistance with rent, utilities, birth certificate and Nevada state identification programs.
What it reported doing in 2023
Nutrition services is offered to homeless and low-income families and individuals and provides healthy food and personal hygiene items through the food pantry. It also provides cooking demonstrations. Periodically, open air markets are held at various locations in partnership with three square food bank in which food and bottles of water are distributed. Lssn launched their digimart in october 2016, which allows clients to log into the food database on desktop kiosks at lssn or from any computer with internet access. The monitor displays pictures of available food items, where clients can add items in their digital shopping cart. Then, the client simply goes to the pantry to pick up their order. Clients are allotted points every 30 days to "purchase" items from the pantry. Higher nutritional value items can be "purchased" for fewer points than their counterparts.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 40% for direct work, and 60% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 79
- Accountability: 78
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76%; rating input score 76
- Program expense ratio: 81.6%; rating input score 82
- Fundraising efficiency: $26.76 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 6.8%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 76% of revenue deployed · 81.6% of spending went to programs
- Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $3.9M in reported program spending
- Leadership: top reported pay $179K · 9 people listed · 2 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.