EHealth CareEIN: 450261669

Luther Memorial Home

Mayville, North Dakota

B+Health Score
65B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 39 peers in Health Care with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.01×
Peer Median8.62×
💰
$10.5M
Total Revenue
📊
$11.1M
Total Expenses
🏦
$11.1M
Net Assets
📋
$2.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-5.1%
Year-over-year change (2022 → 2023)
Net Margin
-4.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.01
Net assets divided by total expenses
Liabilities-to-Assets
17.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$10,545,1075%$11,056,5266%$13,510,2286%
2022$11,108,0426%$10,402,6105%$14,348,681
2021$11,788,25121%$9,953,6681%$14,397,4421%
2020$9,766,393102%$9,904,045111%$14,257,41614%
2019$4,837,98449%$4,683,17350%$12,555,3982%
2018$9,511,1102%$9,292,0382%$12,354,2731%
2017$9,670,3085%$9,096,6221%$12,477,5694%
2016$9,213,3521%$9,040,6461%$12,013,6511%
2015$9,125,7872%$8,931,3754%$11,913,144
2014$8,915,2853%$8,565,9375%$11,889,2722%
2013$9,177,25417%$8,121,8004%$11,650,2509%
2012$7,832,6715%$7,805,3912%$10,653,946
2011$7,444,900$7,682,454$10,706,959

Frequently Asked Questions

What does Luther Memorial Home do?

Luther Memorial Home is a health care nonprofit organization based in North Dakota. It is classified under NTEE code E910 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Luther Memorial Home financially healthy?

Based on our 9-metric Financial Health Score model, Luther Memorial Home has a score of 65/100 (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 Luther Memorial Home generate?

Luther Memorial Home reports $10.5M in annual revenue and holds $13.9M in total assets, based on IRS filings.

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