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The Lutheran Scholarship Granting Organization of Indiana, Inc.

PO BOX 5174, Fort Wayne, IN 46895
EIN: 45-4856406
Contact Information
PO BOX 5174
Fort Wayne, IN 46895
Contact
Karl Davis — President
Visit Website
Services Provided
Primary Exempt Purpose

THE MISSION OF THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA, INC. IS TO RAISE FUNDS FROM INDIVIDUALS AND BUSINESSES AND DISTRIBUTE SCHOLARSHIP FUNDS TO ALL ELIGIBLE STUDENTS ATTENDING LUTHERAN AND OTHER CHRISTIAN SCHOOLS IN STATES SERVED BY THE LUTHERAN SGO.

Service Categories
Scholarship Granting
Form 990 Documents

Comprehensive Health Assessment

Generated 1 day ago

Score: 10.0/10Very Good
Governance & Transparency
10/10

35% of total score

Financial Health
10/10

45% of total score

Compliance & Filing
10/10

20% of total score

Strengths
Internal positive attributes
  • 1Low executive compensation (0.4% of revenue)
  • 2Low total compensation (2.7% of revenue)
  • 3Consistent program spending focus
  • 4No liabilities reported
  • 5Strong revenue growth year-over-year
Weaknesses
Internal areas for improvement
  • 1Moderate program expense ratio (60.6%)
Opportunities
External factors to leverage
  • 1Increase program expense ratio to enhance mission impact
  • 2Leverage strong financial position for future growth
Threats
External challenges to address
  • 1Potential reliance on consistent revenue streams
Compensation Analysis
AI-powered analysis of executive compensation and organizational salary trends

The executive compensation at The Lutheran Scholarship Granting Organization of Indiana appears reasonable given the organization's revenue, with no significant red flags identified. Total compensation and salaries represent a small fraction of revenue and expenses, indicating efficient financial management.

Key Ratios

Exec Comp / Revenue
0.4%
Exec Comp / Total Salaries
13.7%
All Comp / Revenue
2.7%
All Comp / Program Expenses
4.5%

Executive Compensation

The highest paid individual's compensation in 2023 is $18,500, which accounts for only 0.37% of the total revenue and 13.69% of total organizational salaries. This is well within reasonable limits for an organization of this size, as executive compensation is typically expected to be higher than these percentages.

Trends

Trends over the available three years indicate an increase in revenue from 2021 to 2023, while total expenses have been relatively stable. Executive and total compensation data is available only for 2023, limiting trend analysis in those specific areas.

Board Oversight

The compensation patterns suggest appropriate board oversight, with metrics showing conservative and efficient financial management. Compensation does not exceed typical thresholds, and no rapid increases are noted.

Recommendations

  • Continue monitoring executive compensation to ensure alignment with organizational growth.
  • Increase transparency by providing comprehensive compensation data in future years to enable better trend analysis.
  • Consider periodic reviews to align compensation with peer organizations of similar size and mission.

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