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Filing year 2023

Lutheran Retirement Center - Wilmington Inc

Salisbury, North Carolina·EIN 56-1500308·501(c)(3)
Total revenue
$17.9M
Total assets
$125M
Total expenses
$14.6M
Reported officers
9

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 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 Sales and Marketing
Director (Operational)
75th to 90th percentile
$190k
$208k
Base
$183k
Bonus
Other
$540
Benefits
$3k
Executive Director
75th to 90th percentile
$180k
$196k
Base
$167k
Bonus
$2k
Other
$360
Benefits
$8k
Executive Director
75th to 90th percentile
$173k
$189k
Base
$152k
Bonus
$14k
Other
$540
Benefits
$5k
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.

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.

Pay for the position

Director (Operational) pay fell 7% from 2022 to 2023, while revenue rose 59%.

$204k in 2022 to $190k in 2023.
  • Chief Executive Officer pay rose 1373% from 2022 to 2023.
  • Chief Financial Officer pay rose 1% 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 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.
FAQ

Common questions about Lutheran Retirement Center - Wilmington Inc

What does the Director (Operational) of Lutheran Retirement Center - Wilmington Inc earn?

In 2023, the Director (Operational) of Lutheran Retirement Center - Wilmington Inc received $190,495 in total compensation. This pay is in the top quarter for Director (Operational) roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Director (Operational) pay at Lutheran Retirement Center - Wilmington Inc compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Director (Operational) at Lutheran Retirement Center - Wilmington Inc falls between the 75th and 90th percentiles.

What are Lutheran Retirement Center - Wilmington Inc's revenue and expenses?

In 2023, Lutheran Retirement Center - Wilmington Inc reported $17.9M in total revenue and $14.6M in total expenses on its IRS Form 990.

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