Nelson Memorial ApartmentsFirst Lutheran Church (EIN 042631775) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

Janice Ostrander

Phone

7818936563

Tax Period

2024-01-01 to 2024-12-31

Nelson Memorial ApartmentsFirst Lutheran Church, founded in 1977, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 22% operating margin.

Mission

Low income housing for the elderly

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,937

Investment Income $12,847

Other Revenue $0

TOTAL REVENUE $148,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,171

Other Expenses $116,171

TOTAL EXPENSES $116,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,784	$133,703	+0.1%
Expenses	$116,171	$98,564	+0.2%
Net Income	$32,613	$35,139	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Catherine Sukow	Co-President	Director	$0	$0	$0
Steve Mischke	Co-President	Director	$0	$0	$0
Paul Weeden	Secretary	Director	$0	$0	$0
Janice Ostrander	Treasurer	Director	$0	$0	$0
Steve Hoff	Director	Director	$0	$0	$0
Geri Nederhoff	Director	Director	$0	$0	$0
Dianne Poulos	Director	Director	$0	$0	$0
Larry Yarbrough	Director	Director	$0	$0	$0
Thomas Neal	Director	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$148,784	$116,171	$1,562,450	$32,613
2023	$133,703	$98,564	$1,544,636	$35,139
2022	$132,657	$94,223	$1,525,954	$38,434
2021	$132,693	$57,116	$1,617,530	$75,577
2020	$61,898	$38,802	$625,254	$23,096

Nelson Memorial ApartmentsFirst Lutheran Church