LOCAL CHURCH IN MINNEAPOLIS

EIN: 272860894 501(c)(3) Religion

Minneapolis, MN

Total Revenue
$413,332
Total Expenses
$374,958
Total Assets
$294,667
Net Assets
$294,667
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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
2010
Legal Domicile
MN
Principal Officer
Peter Gunderson
Phone
6129789780
Tax Period
2021-01-01 to 2021-12-31

LOCAL CHURCH IN MINNEAPOLIS, founded in 2010, is a small nonprofit in the Religion sector that reported $413K in total revenue in fiscal year 2021. Revenue surged 142% from the prior year, signaling strong growth momentum. Expenses of $375K left a modest 9% surplus.

Mission

Church organization that serves as an assembly of worship and outreach activities in the communities we're in

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $413,312
Program Service Revenue $0
Investment Income $20
Other Revenue $0
TOTAL REVENUE $413,332

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,750
Fundraising Expenses $0
Program Expenses $134,254
Other Expenses $141,208
TOTAL EXPENSES $374,958

Year-over-Year Comparison

2021 2020 Change
Revenue $413,332 $170,473 +1.4%
Expenses $374,958 $122,327 +2.1%
Net Income $38,374 $48,146 -0.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
7
Volunteers
30

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
3
$1,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Gunderson President 10
Officer
$1,000 $0 $1,000
Chang-Tsan Lu Secretary 0
Officer
$0 $0 $0
Aaron Urbina Treasurer 0
Officer
$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
2021 $413,332 $374,958 $294,667 $38,374
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