Lutheran Homes Of Michigan Inc
Saginaw, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $36,293,699↓5% | $37,920,019↑4% | $57,855,711↓3% | — |
| 2022 | $38,076,606↓10% | $36,611,478↑1% | $59,659,370↓4% | — |
| 2021 | $42,483,751↑11% | $36,113,900 | $62,116,968↑7% | — |
| 2020 | $38,263,375↑2% | $35,959,836↓4% | $57,940,344↑10% | — |
| 2019 | $37,588,007↓22% | $37,370,121↓16% | $52,626,040↓1% | — |
| 2018 | $48,032,380↑3% | $44,391,001↓5% | $53,300,034↓1% | — |
| 2017 | $46,596,813↑1% | $46,544,706↑1% | $53,964,289↑7% | — |
| 2016 | $46,193,879↑2% | $46,206,332↑1% | $50,603,639↓2% | — |
| 2015 | $45,293,894↑24% | $45,777,646↑30% | $51,453,482↑32% | — |
| 2014 | $36,506,255↑5% | $35,096,480↑3% | $38,898,839↑40% | — |
| 2013 | $34,849,216↑35% | $34,110,802↑35% | $27,753,520↑2% | — |
| 2012 | $25,888,960↓29% | $25,310,771↓35% | $27,086,296↑31% | — |
| 2012 | $36,592,275↑19% | $38,681,668↑24% | $20,634,904↓7% | — |
| 2011 | $30,687,996 | $31,120,892 | $22,246,054 | — |
Frequently Asked Questions
What does Lutheran Homes Of Michigan Inc do?▼
Lutheran Homes Of Michigan Inc is a health care nonprofit organization based in Michigan. It is classified under NTEE code E910 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lutheran Homes Of Michigan Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Lutheran Homes Of Michigan Inc has a score of 58/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lutheran Homes Of Michigan Inc generate?▼
Lutheran Homes Of Michigan Inc reports $36.0M in annual revenue and holds $68.2M in total assets, based on IRS filings.
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