ST OLAF LUTHERAN CHURCH FOUNDATION (EIN 237161062) - 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

1971

Legal Domicile

Phone

5074338857

Tax Period

2023-01-01 to 2023-12-31

ST OLAF LUTHERAN CHURCH FOUNDATION, founded in 1971, is a micro nonprofit that reported $34K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $70K exceeded revenue, resulting in a 105% operating deficit.

Mission

TO PROVIDE RELIGIOUS AND EDUCATIONAL AWARDS GRANTED ACCORDING TO THE TAXEXEMPT PURPOSES OF THE FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,007

Program Service Revenue $0

Investment Income $26,300

Other Revenue $0

TOTAL REVENUE $34,307

Expense Breakdown

Grants Paid $67,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,544

Other Expenses $3,340

TOTAL EXPENSES $70,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,307	$20,766	+0.7%
Expenses	$70,340	$132,632	-0.5%
Net Income	$-36,033	$-111,866	-0.7%

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
PAUL WORLEIN	President	2.00	Officer Director	$0	$0	$0
CRAIG BYRAM	Director	2.00	Director	$0	$0	$0
MARK KLINGER	Director	1.00	Director	$0	$0	$0
Dave Sylte	Director	1.00	Director	$0	$0	$0
Barb Heiny	Secretary	2.00	Officer Director	$0	$0	$0
MARY KRUEGER	Director	2.00	Director	$0	$0	$0
LORI MARCO	Director	1.00	Director	$0	$0	$0
Dave Fabian	Director	1.00	Director	$0	$0	$0
Ronald Madsen	Director	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
2024	No data	No data	No data	No data
2023	$34,307	$70,340	$914,489	$-36,033
2022	$20,766	$132,632	$899,924	$-111,866
2021	$74,453	$91,124	$1,107,861	$-16,671
2020	$65,885	$81,851	$1,040,887	$-15,966
2019	$44,910	$100,784	$1,055,168	$-55,874
2018	$37,324	$37,217	$1,025,167	$107

ST OLAF LUTHERAN CHURCH FOUNDATION