LUTHERAN ISLAND CAMP FOUNDATION IN (EIN 202404942) - 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

2005

Legal Domicile

Principal Officer

SCHAN SORKNESS

Phone

2185832905

Tax Period

2018-01-01 to 2018-12-31

LUTHERAN ISLAND CAMP FOUNDATION IN, founded in 2005, is a small nonprofit that reported $737K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $268K, a strong 36% operating margin.

Mission

THE LUTHERAN ISLAND CAMP FOUNDATION WAS FORMED TO SUPPORT LUTHERAN ISLAND CAMP, INC., A NONPROFIT CORPORATION THAT PROVIDES CAMPING FACILITIES WITH YOUTH MINISTRY INSTRUCTION. THE CAMP IS LOCATED ON BATTLE LAKE, NEAR HENNING, MINNESOTA, AND IS SITUATED ON LAND OWNED BY THE MINNESOTA NORTH DISTRICT OF THE LUTHERAN CHURCH - MISSOURI SYNOD LOCATED IN BAXTER, MINNESOTA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $659,039

Program Service Revenue $0

Investment Income $11,269

Other Revenue $66,859

TOTAL REVENUE $737,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $44,000

Program Expenses $415,666

Other Expenses $469,273

TOTAL EXPENSES $469,273

Year-over-Year Comparison

	2018	2017	Change
Revenue	$737,167	$818,163	-0.1%
Expenses	$469,273	$738,326	-0.4%
Net Income	$267,894	$79,837	+2.4%

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

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCHAN SORKNESS	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB DEGAIGNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL SCHULTZ	TREASURER	10.00	Officer Director	$0	$0	$0
REV JEFFREY WALTHER	MEMBER	1.00	Officer Director	$0	$0	$0
GREG TAYLOR	MEMBER	1.00	Director	$0	$0	$0
BECKY JIRIK	MEMBER	1.00	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
2018	$737,167	$469,273	$3,011,412	$267,894

LUTHERAN ISLAND CAMP FOUNDATION IN