STEPHEN BEST MEMORIAL FUND SECURITY FEDERAL SAVINGS BANK (EIN 356370903) - 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

1983

Legal Domicile

Principal Officer

SECURITY FEDERAL SAVINGS BANK

Phone

5747226261

Tax Period

2024-10-01 to 2025-09-30

STEPHEN BEST MEMORIAL FUND SECURITY FEDERAL SAVINGS BANK, founded in 1983, is a micro nonprofit in the Religion sector that reported $85K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $100K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO SUPPORT THE CHARITABLE WORK OF TRINITY LUTHERAN CHURCH AND FAITH LUTHERAN CHURCH, BOTH LOCATED IN LOGANSPORT, INDIANA.

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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 $1,572

Other Revenue $83,484

TOTAL REVENUE $85,056

Expense Breakdown

Grants Paid $96,237

Salaries & Benefits $2,555

Fundraising Expenses $0

Program Expenses $96,237

Other Expenses $815

TOTAL EXPENSES $99,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,056	$120,400	-0.3%
Expenses	$99,607	$148,642	-0.3%
Net Income	$-14,551	$-28,242	-0.5%

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

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
SECURITY FEDERAL SAVINGS BANK	TRUSTEE	1.00		$2,555	$0	$2,555

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	$85,056	$99,607	$736,081	$-14,551
2024	$120,400	$148,642	$750,632	$-28,242
2023	$118,011	$70,531	$778,874	$47,480
2022	$55,693	$56,602	$731,394	$-909
2021	$65,535	$66,715	$732,303	$-1,180
2020	$29,467	$41,435	$733,483	$-11,968
2019	$51,800	$41,010	$745,451	$10,790
2018	$35,802	$37,260	$734,661	$-1,458

STEPHEN BEST MEMORIAL FUND SECURITY FEDERAL SAVINGS BANK