The Lutheran Care Network Inc
The Lutheran Care Network Inc shows fluctuating financial health with declining assets over the past decade, but recent filings indicate improved expense management.
EIN: 112896230 · Scarsdale, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 65/100 |
Is The Lutheran Care Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Lutheran Care Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lutheran Care Network Inc
The Lutheran Care Network Inc (EIN: 112896230) is a nonprofit organization based in Scarsdale, NY. The organization reported total revenue of $1.9M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lutheran Care Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lutheran Care Network Inc is a mid-size nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$33K |
| Total Assets | $3.6M |
| Total Liabilities | $2.3M |
| Net Assets | $1.3M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 64.2% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2023, The Lutheran Care Network Inc reported a surplus of $33K with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 64.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Lutheran Care Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.1% | +5.7% | -9.4% |
| 2022 | +47.7% | -55.6% | -18.5% |
| 2021 | -9.3% | +60.6% | -7.3% |
| 2020 | -17.1% | -55.7% | -2.7% |
| 2019 | +9.9% | +144.2% | -23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Lutheran Care Network Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Lutheran Care Network Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with revenues exceeding $1 million and suggests either pro-bono leadership or compensation being reported under other expense categories, warranting further scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Lutheran Care Network Inc's IRS 990 filings:
- Significant and consistent decline in total assets over the past decade, from $9.97M in 2016 to $3.6M in 2023.
- Periods of substantial expenses exceeding revenue (e.g., 2019: $5.5M expenses vs $2.9M revenue; 2017: $7.49M expenses vs $2.68M revenue), indicating potential operational losses or reliance on reserves.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and may obscure true leadership costs.
- Fluctuating revenue streams, making financial planning and stability potentially challenging.
Strengths
The following positive indicators were identified for The Lutheran Care Network Inc:
- Consistent filing of IRS 990s, demonstrating regulatory compliance and basic transparency.
- Recent filings (2022, 2023) show improved expense management with expenses at or below revenue, indicating better financial control.
- Positive net assets maintained despite fluctuations, suggesting the organization has not become insolvent.
- No reported officer compensation could indicate a strong volunteer leadership component or highly efficient administrative structure.
Frequently Asked Questions about The Lutheran Care Network Inc
Is The Lutheran Care Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Lutheran Care Network Inc (EIN: 112896230) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does The Lutheran Care Network Inc spend its money?
The Lutheran Care Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Lutheran Care Network Inc tax-deductible?
The Lutheran Care Network Inc is registered as a tax-exempt nonprofit (EIN: 112896230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Lutheran Care Network Inc CEO make?
The Lutheran Care Network Inc's highest-compensated officer earns $1 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Lutheran Care Network Inc's spending goes to programs?
The Lutheran Care Network Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Lutheran Care Network Inc located?
The Lutheran Care Network Inc is headquartered in Scarsdale, New York and files with the IRS under EIN 112896230.
How many years of IRS 990 filings does The Lutheran Care Network Inc have?
The Lutheran Care Network Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Why have the organization's assets declined significantly from nearly $10 million in 2016 to $3.6 million in 2023?
The filings show a consistent downward trend in assets, from $9,975,879 in 2016 to $3,602,351 in 2023. This could be due to asset sales, depreciation, or significant operational losses in prior years that depleted reserves.
How does the organization manage to report 0% officer compensation across all filings, and where are leadership costs accounted for?
The consistent 0% officer compensation is highly unusual for an organization of this size. It suggests that leadership may be unpaid, compensated through a related entity, or their compensation is categorized under other expense lines, which could obscure true administrative costs.
What caused the significant expense spikes in 2019 ($5.5M) and 2017 ($7.49M) compared to typical annual expenses around $2-3 million?
These spikes indicate periods where expenses far exceeded typical operational levels and revenue, potentially due to large one-time projects, asset write-downs, or significant program expansions/investments. Without detailed expense breakdowns, the exact cause is unclear.
What is the organization's strategy for long-term financial sustainability given the fluctuating revenues and declining asset base?
The organization has experienced significant revenue fluctuations (e.g., $3.29M in 2022 vs $1.87M in 2023) and a declining asset base. A clear strategy for stabilizing revenue and rebuilding assets would be crucial for long-term viability.
Filing History
IRS 990 filing history for The Lutheran Care Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Lutheran Care Network Inc's revenue has grown by 71.9%, moving from $1.1M to $1.9M. Total assets decreased by 71.3% over the same period, from $12.5M to $3.6M. Total functional expenses fell by 14.9%, from $2.2M to $1.8M. In its most recent filing year (2023), The Lutheran Care Network Inc reported a surplus of $33K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $3.6M in assets (debt-to-asset ratio: 64.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $3.6M | $2.3M | — | — |
| 2022 | $3.3M | $1.7M | $4.0M | $2.7M | — | — |
| 2021 | $2.2M | $3.9M | $4.9M | $6.4M | — | View 990 |
| 2020 | $2.5M | $2.4M | $5.3M | $5.1M | — | View 990 |
| 2019 | $3.0M | $5.5M | $5.4M | $5.3M | — | View 990 |
| 2018 | $2.7M | $2.3M | $7.1M | $4.4M | — | View 990 |
| 2017 | $2.7M | $7.5M | $6.5M | $4.6M | — | View 990 |
| 2016 | $3.8M | $2.6M | $10.0M | $4.6M | — | View 990 |
| 2015 | $2.7M | $2.7M | $8.3M | $4.5M | — | View 990 |
| 2014 | $2.4M | $2.8M | $8.2M | $3.9M | — | View 990 |
| 2013 | $2.1M | $3.0M | $9.0M | $4.7M | — | View 990 |
| 2012 | $2.7M | $3.0M | $9.0M | $5.4M | — | View 990 |
| 2011 | $2.5M | $5.5M | $9.7M | $6.4M | — | View 990 |
| 2010 | $1.1M | $2.2M | $12.5M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $3.6M (revenue -43.1% year-over-year).
- 2022: Revenue of $3.3M, expenses of $1.7M, and assets of $4.0M (revenue +47.7% year-over-year).
- 2021: Revenue of $2.2M, expenses of $3.9M, and assets of $4.9M (revenue -9.3% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $5.3M (revenue -17.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $5.5M, and assets of $5.4M (revenue +9.9% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.3M, and assets of $7.1M (revenue +0.7% year-over-year).
- 2017: Revenue of $2.7M, expenses of $7.5M, and assets of $6.5M (revenue -30.1% year-over-year).
- 2016: Revenue of $3.8M, expenses of $2.6M, and assets of $10.0M (revenue +43.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.7M, and assets of $8.3M (revenue +10.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.8M, and assets of $8.2M (revenue +13.8% year-over-year).
- 2013: Revenue of $2.1M, expenses of $3.0M, and assets of $9.0M (revenue -21.6% year-over-year).
- 2012: Revenue of $2.7M, expenses of $3.0M, and assets of $9.0M (revenue +10.6% year-over-year).
- 2011: Revenue of $2.5M, expenses of $5.5M, and assets of $9.7M (revenue +125.5% year-over-year).
- 2010: Revenue of $1.1M, expenses of $2.2M, and assets of $12.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lutheran Care Network Inc:
Data Sources and Methodology
This transparency report for The Lutheran Care Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.