NORMANDALE LUTHERAN CHURCH FOUNDAT… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

RON PETERSON

Phone

9529291697

Tax Period

2023-01-01 to 2023-12-31

NORMANDALE LUTHERAN CHURCH FOUNDATION, founded in 1974, is a small nonprofit that reported $847K in total revenue in fiscal year 2023. Revenue surged 842% from the prior year, signaling strong growth momentum. The organization ran a surplus of $416K, a strong 49% operating margin.

Mission

NORMANDALE LUTHERAN CHURCH FOUNDATION SUPPORTS NORMANDALE LUTHERAN CHURCH, A COMMUNITY OF BELIEVERS, AS IT BOLDLY PROCLAIMS THE GOSPEL OF JESUS CHRIST AS LORD AND SAVIOR, AFFIRMS THAT THE TRINITY OF FATHER SON AND HOLY SPIRIT IS FUNDAMENTAL TO OUR FAITH, AND FOLLOWS WHERE THE HOLY SPIRIT LEADS US THROUGH WORSHIP, EDUCATION AND MINISTRY. OUR VISION IS ACHIEVED THROUGH PROVIDING FUNDS TO LAUNCH NEW MINISTRIES THAT PROCLAIM THE GOSPEL OF JESUS CHRIST, PROTECT THE CORE MINISTRIES OF NORMANDALE LUTHERAN CHURCH, AND SUPPORT MINISTRIES AS THEY MOVE TOWARD SUSTAINABILITY.

Program Service Accomplishments

Program 1

Expenses: $395,995

IN 2023, THE NORMANDALE FOUNDATION GRANTED NEARLY $400,000, IN SUPPORT OF NORMANDALE MINISTRIES AND PROGRAMS. THESE GRANTS INCLUDED GRANTS TO NORMANDALE LUTHERAN CHURCH ($300,000), COMMUNITY...

IN 2023, THE NORMANDALE FOUNDATION GRANTED NEARLY $400,000, IN SUPPORT OF NORMANDALE MINISTRIES AND PROGRAMS. THESE GRANTS INCLUDED GRANTS TO NORMANDALE LUTHERAN CHURCH ($300,000), COMMUNITY EMERGENCY SERVICES ($8,600) AND NORMANDALE HOUSING CORP ($50,000).

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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 $658,003

Program Service Revenue $0

Investment Income $188,902

Other Revenue $0

TOTAL REVENUE $846,905

Expense Breakdown

Grants Paid $395,995

Salaries & Benefits $3,651

Fundraising Expenses $0

Program Expenses $395,995

Other Expenses $31,011

TOTAL EXPENSES $430,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$846,905	$89,894	+8.4%
Expenses	$430,657	$88,682	+3.9%
Net Income	$416,248	$1,212	+342.4%

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

$197,418

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC INGVALDSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
RON PETERSON	TREASURER	2.00	Officer Director	$0	$0	$0
SANDRA SCHLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB TENGDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR PAUL PETTERSEN	LEAD PASTOR/ EX-OFFICIO	2.00	Director	$0	$47,474	$197,418
LYNNE BILLINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL BOELTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LOWELL STORTZ	BOARD 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
2024	No data	No data	No data	No data
2023	$846,905	$430,657	$2,202,457	$416,248
2022	$89,894	$88,682	$1,744,490	$1,212
2021	$98,957	$101,467	$2,134,319	$-2,510
2020	$57,073	$91,847	$2,009,355	$-34,774
2019	$71,681	$91,561	$1,781,504	$-19,880
2018	$184,694	$160,247	$1,577,171	$24,447

NORMANDALE LUTHERAN CHURCH FOUNDATION