CONCORDIA LUTHERAN MINISTRIESFOUNDATION (EIN 205138266) - 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

2006

Legal Domicile

Principal Officer

Keith Frndak President

Phone

7243521571

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA LUTHERAN MINISTRIESFOUNDATION, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $41.1M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.3M, a strong 59% operating margin.

Mission

The organization's primary exempt purpose is to raise and receive funds in furtherance of the mission and purposes of affiliate 501(c)(3) organizations and to provide support for community 501(c)(3) organizations through Angel Tear Ministries.

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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 $22,150,979

Program Service Revenue $2,596,187

Investment Income $16,343,438

Other Revenue $-13,261

TOTAL REVENUE $41,077,343

Expense Breakdown

Grants Paid $16,051,676

Salaries & Benefits $0

Fundraising Expenses $238,833

Program Expenses $16,082,676

Other Expenses $746,537

TOTAL EXPENSES $16,798,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,077,343	$23,309,732	+0.8%
Expenses	$16,798,213	$15,461,763	+0.1%
Net Income	$24,279,130	$7,847,969	+2.1%

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

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

$1,263,959

Total Directors

$2,698,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Frndak-See Schedule O	Chair/President	1	Officer Director	$0	$37,218	$905,273
Brian Hortert-See Schedule O	Board Member	1	Director	$0	$36,679	$551,892
Michael Falbo-See Schedule O	Secretary/Treasurer	1	Officer Director	$0	$33,072	$358,686
Tammy Young-See Schedule O	Board Member	1	Director	$0	$15,421	$274,253
Misty Ingram-See Schedule O	Board Member	1	Director	$0	$23,844	$191,549
Conor Hagey-See Schedule O	Board Member	1	Director	$0	$21,142	$131,738
Tim Temple-See Schedule O	Board Member	1	Director	$0	$15,146	$121,981
Adam Toncini-See Schedule O	Board Member	1	Director	$0	$14,679	$115,491
Leonard Quimby-See Schedule O	Board Member	1	Director	$0	$5,721	$47,506
Rev Ronald Breight	Board Member	1	Director	$0	$0	$0
Rande Casaday	Board Member	1	Director	$0	$0	$0
Don Olmstead	Board Member	1	Director	$0	$0	$0
Robert Schmidt	Board Member	1	Director	$0	$0	$0
Jim Wolf	Board Member	1	Director	$0	$0	$0
Rev Jamison Hardy	Board Member	1	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	$41,077,343	$16,798,213	$308,045,720	$24,279,130
2024	No data	No data	No data	No data
2023	$23,077,865	$14,323,641	$237,691,122	$8,754,224
2022	$34,450,790	$13,346,572	$203,900,854	$21,104,218
2021	$36,499,919	$12,885,659	$226,432,111	$23,614,260
2020	$24,283,286	$12,984,550	$177,675,939	$11,298,736
2019	$36,130,494	$11,685,028	$173,502,625	$24,445,466
2018	$24,736,245	$15,961,961	$155,424,861	$8,774,284

CONCORDIA LUTHERAN MINISTRIESFOUNDATION