FOUNDATION FOR LUTHERAN CHILD AND FAMILY SERVICES INDIANA INC
Mission Statement
In 2018, a new LCFS Mission Statement and Vision was crafted: Engaging and Empowering Families and Community with Love, Compassion, Faith, and Support This statement exemplifies the organization’s approach: LCFS strives to meet basic needs and to give clients the opportunities, tools, and skills they need to change the trajectory of their lives. Meeting the basic needs of clients is the cornerstone of all services; when people lack the resources to meet their basic needs, such as food, shelter, clothing, basic health care, and transportation, they are not receptive to addressing other concerns, such as furthering their education, developing a career, building social networks, receiving preventative health care, making healthy living choices, and investing in enhanced educational opportunities for their children. Without the foundation provided by meeting basic needs, it is difficult to address any other situations that clients might be experiencing.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.6% | 85.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.0% | 11.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.4% | 0.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
205.3 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.0% | 13.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
43.9% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
5.3% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
20.8% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
32.7% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $6.1M | $4.1M | $70.6M | 77.6% | 0 |
| 2023 | $5.8M | $3.4M | $65.1M | 59.2% | 0 |
| 2022 | $5.4M | $2.9M | $58.2M | 80.1% | 0 |
| 2021 | $18.0M | $2.5M | N/A | — | 0 |
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