REDEEMER LUTHERAN HOUSING INC CO REDEEMER LUTHERAN CHURCH (EIN 222209107) - 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

1978

Legal Domicile

Principal Officer

GUSTAV FOSTER

Phone

6093867171

Tax Period

2024-01-01 to 2024-12-31

REDEEMER LUTHERAN HOUSING INC CO REDEEMER LUTHERAN CHURCH, founded in 1978, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $205K in total revenue in fiscal year 2024. Revenue surged 536% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 38% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FURTHER GODS WORK ON EARTH BY DISTRIBUTING ITS FUNDS - NET INCOME AND/OR ASSETS EXCLUSIVELY TO THE LUTHERAN CHURCH OF THE REDEEMER, VINELAND, NEW JERSEY. THE ORGANIZATIONS PRIMARY GOAL IS TO MANAGE ITS ASSETS TO GENERATE FUNDS FOR THE USE BY

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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 $0

Investment Income $204,512

Other Revenue $0

TOTAL REVENUE $204,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,750

Other Expenses $126,203

TOTAL EXPENSES $126,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,512	$32,164	+5.4%
Expenses	$126,203	$86,943	+0.5%
Net Income	$78,309	$-54,779	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUSTAV FOSTER	CHAIRMAN	0.40	Officer Director	$0	$0	$0
DARLENE MORVAY	BOARD MEMBER/SECRETARY	0.40	Officer Director	$0	$0	$0
LISA COOK	BOARD MEMBER	0.40	Officer Director	$0	$0	$0
DAVE HERMANSON	BOARD MEMBER	0.40	Director	$0	$0	$0
EDWARD MORVAY	TREASURER	0.40	Officer Director	$0	$0	$0
MATT HELLAND	BOARD SECRETARY	0.40	Director	$0	$0	$0
JERRY AMARI	BOARD MEMBER	0.40	Director	$0	$0	$0
LYNDA GILBERT	BOARD MEMBER	0.40	Director	$0	$0	$0
HEATHER SUGDEN	BOARD MEMBER	0.40	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
2024	$204,512	$126,203	$2,321,654	$78,309
2023	$32,164	$86,943	$2,165,195	$-54,779
2022	$3,039	$126,086	$1,928,713	$-123,047
2021	$144,632	$134,317	$2,462,342	$10,315
2020	$78,326	$105,402	$2,367,302	$-27,076
2019	$163,875	$71,749	$2,194,144	$92,126
2018	$118,489	$73,952	$1,927,603	$44,537

REDEEMER LUTHERAN HOUSING INC CO REDEEMER LUTHERAN CHURCH