Lutheran Retirement Center Salisbury Inc
Salisbury, North Carolina
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 3 peers in Housing & Shelter with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $10,833,589↓11% | $9,737,607↑10% | $27,751,905↑1% | — |
| 2022 | $12,212,812↑24% | $8,868,402 | $27,430,186↑13% | — |
| 2021 | $9,827,314↓5% | $8,826,334↓1% | $24,283,839↑5% | — |
| 2020 | $10,299,860↑4% | $8,910,848↑2% | $23,107,573↓8% | — |
| 2019 | $9,918,564↓2% | $8,761,585↑8% | $25,223,417↓3% | — |
| 2018 | $10,070,992↑32% | $8,136,888↑10% | $26,083,784↑8% | — |
| 2017 | $7,649,917↑2% | $7,407,328↑8% | $24,123,073↑3% | — |
| 2016 | $7,508,441↑12% | $6,855,977↑14% | $23,524,909↑7% | — |
| 2015 | $6,674,406↑15% | $6,026,032↑10% | $22,014,474↑9% | — |
| 2014 | $5,793,405↑10% | $5,463,312↑8% | $20,187,284↑9% | — |
| 2013 | $5,255,256↑12% | $5,078,186↑1% | $18,548,073 | — |
| 2012 | $4,697,969↓1% | $5,016,860↓4% | $18,529,448↓4% | — |
| 2011 | $4,739,410 | $5,202,124 | $19,275,594 | — |
Frequently Asked Questions
What does Lutheran Retirement Center Salisbury Inc do?▼
Lutheran Retirement Center Salisbury Inc is a housing & shelter nonprofit organization based in North Carolina. It is classified under NTEE code L22Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lutheran Retirement Center Salisbury Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Lutheran Retirement Center Salisbury Inc has a score of 62/100 (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 Retirement Center Salisbury Inc generate?▼
Lutheran Retirement Center Salisbury Inc reports $11.6M in annual revenue and holds $29.6M in total assets, based on IRS filings.
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