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Filing year 2023

Lutheran Home - Albemarle Inc

Salisbury, North Carolina·EIN 20-1457298·501(c)(3)
Total revenue
$10.7M
Total assets
$7M
Total expenses
$11M
Reported officers
7

Executive compensation

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director of Nursing
Highest Compensated Employee
10th to 25th percentile
$121k
$132k
Chief Financial Officer
10th to 25th percentile
$16k
$17k
Chief Operating Officer
Below 10th percentile
$15k
$16k
President/ceo
Below 10th percentile
$13k
$14k
Secretary
Secretary (Operational)
25th percentile to median
$10k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Up 14%
from 2022

From $107k in 2022 to $121k in 2023.

$107k
2022
$121k
2023
In today's dollarsEst.
Up 9% in real terms$122k to $132k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 14% from 2022 to 2023, while revenue rose 8%.

$107k in 2022 to $121k in 2023.
  • Chief Financial Officer pay rose 1% from 2022 to 2023.
  • Chief Operating Officer pay fell 5% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Lutheran Home - Albemarle Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.9M
$10M
2022
$10.7M
$11M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Lutheran Home - Albemarle Inc

What does the Highest Compensated Employee of Lutheran Home - Albemarle Inc earn?

In 2023, the Highest Compensated Employee of Lutheran Home - Albemarle Inc received $121,190 in total compensation. This pay is in the bottom quarter for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at Lutheran Home - Albemarle Inc compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Highest Compensated Employee at Lutheran Home - Albemarle Inc falls between the 10th and 25th percentiles.

What are Lutheran Home - Albemarle Inc's revenue and expenses?

In 2023, Lutheran Home - Albemarle Inc reported $10.7M in total revenue and $11M in total expenses on its IRS Form 990.

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