Lutheran Retirement Ministries Of Alamance County North Carolina

Human Services · Burlington, North Carolina

3701 Wade Coble Dr, Burlington, NC 27215-9743

EIN: 561270984· Founded: May 1981· 45 years active· Filing Year: 2023

Annual Revenue

$46.9M

Total Expenses

$44.1M

Total Assets

$212.4M

Program Spending

92%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$666K

1.5% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$16.2M

Total Payroll

$16.8M

38% of total expenses

Where the Money Goes

92%

Programs: 92%

Payroll: 38%

Other overhead: 8%

Program Revenue$40.5M (86%)

Total Expenses$44.1M (94%)

Payroll$16.8M (38%)

Overhead (non-program)8%

Trust Score Breakdown

Program Spending Ratio

92% of expenses go to programs

40%

Revenue & Stability

$46.9M annual revenue

15%

Executive Compensation

$666K total officer comp (1.5% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$212.4M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.