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Filing year 2023

Lutheran Retirement Center - Wilmington Inc

Salisbury, North Carolina·EIN 56-1500308·3
Total revenue
$17.9M
Total assets
$125M
Total expenses
$14.6M
Reported officers
9

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

Director of Sales and Marketing
director (operational)
$190k
$208k
Base
$183k
Bonus
Other
$540
Benefits
$3k
Executive Director
$180k
$196k
Base
$167k
Bonus
$2k
Other
$360
Benefits
$8k
Executive Director
$173k
$189k
Base
$152k
Bonus
$14k
Other
$540
Benefits
$5k
Chief Financial Officer
$16k
$17k
Chief Operating Officer
$15k
$16k
$13k
$14k
Secretary
secretary (operational)
$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.

Down 7%
from 2022

From $204k in 2022 to $190k in 2023.

$204k
2022
$190k
2023
In today's dollarsEst.
Down 11% in real terms$233k to $208k

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.

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

Revenue and expenses over time

Lutheran Retirement Center - Wilmington Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.3M
$11.1M
2022
$17.9M
$14.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
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