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Filing year 2024

LUTHERAN HOMES OF MICHIGAN INC

Saginaw, Michigan·EIN 38-1358410·NTEE E910 · Health Care·3
Total revenue
$36M
Total assets
$68.2M
Total expenses
$38.9M
Reported officers
21
Mission

MOTIVATED BY CHRIST'S LOVE, WE ENGAGE PEOPLE AS THEY EXPERIENCE AND EMBRACE THEIR GOD-GIVEN POTENTIAL.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

$296k
$319k
Base
$283k
Bonus
Other
Benefits
$8k
Sr. VP Finance and CFO
$244k
$262k
Base
$232k
Bonus
Other
Benefits
$7k
Recruitment & Brand Strat., CMO
officer (unspecified)
$192k
$207k
Base
$187k
Bonus
Other
Benefits
$1k
Vp, CTO
vice president
$184k
$198k
Base
$172k
Bonus
Other
Benefits
$9k
Controller & Finance Director
$153k
$164k
Base
$143k
Bonus
Other
Benefits
$7k
Director of Skilled Nursing Operations
$136k
$146k
Nursing Home Administrator
highest compensated employee
$135k
$146k
Licensed Practical Nurse (snf)
highest compensated employee
$134k
$145k
IT Director
chief information officer
$126k
$136k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 12 unpaid individuals.

Browse compensation in Health Care

Up 19%
from 2023

From $250k in 2023 to $296k in 2024.

$250k
2023
$296k
2024
In today's dollarsEst.
Up 16% in real terms$276k to $319k

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

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

Revenue and expenses over time

LUTHERAN HOMES OF MICHIGAN INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$36.3M
$37.9M
2023
$36M
$38.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn in Michigan

Comparable health care organizations in Michigan pay their highest-earning executive a median of $252,892.

25th percentile
$68k
Median
$252,892
75th percentile
$548k
90th percentile
$1.1M

These are health care sector-wide figures, not this organization's reported pay. Based on 121 organizations across 121 filings (2021 – 2023).

See full Health Care pay data for Michigan
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