LYNGBLOMSTEN FOUNDATION

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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

1985

Legal Domicile

Principal Officer

JEFF HEINECKE

Phone

6516462941

Tax Period

2023-01-01 to 2023-12-31

LYNGBLOMSTEN FOUNDATION, founded in 1985, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $1.8M, a strong 49% operating margin.

Mission

THE LYNGBLOMSTEN FOUNDATION RAISES FUNDS TO SUPPORT THE MISSION OF LYNGBLOMSTEN: INFLUENCED BY CHRIST, LYNGBLOMSTEN PROVIDES A MINISTRY OF COMPASSIONATE CARE AND INNOVATIVE SERVICES TO OLDER ADULTS IN ORDER TO PRESERVE AND ENHANCE THEIR QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,571,996 Revenue: $0

IN 2023, THE LYNGBLOMSTEN FOUNDATION RECEIVED $1,072,686 IN CONTRIBUTIONS FOR LYNGBLOMSTEN PROGRAMS AND SERVICES. THIS AMOUNT INCLUDED A SUBSTANTIAL DISTRIBUTION FROM AN ESTATE GIFT OF A LONGTIME...

IN 2023, THE LYNGBLOMSTEN FOUNDATION RECEIVED $1,072,686 IN CONTRIBUTIONS FOR LYNGBLOMSTEN PROGRAMS AND SERVICES. THIS AMOUNT INCLUDED A SUBSTANTIAL DISTRIBUTION FROM AN ESTATE GIFT OF A LONGTIME DONOR AND VOLUNTEER.THE LYNGBLOMSTEN FOUNDATION AWARDED THE ANNA QUALE FERGSTAD AWARD FOR DISTINGUISHED SERVICE TO MARTIN TOLLEFSON, WHO HAS SHARED HIS TIME AND TREASURE WITH LYNGBLOMSTEN FOR DECADES.FUNDRAISERS IN 2023 INCLUDED THE LYNGBLOMSTEN FOUNDATION'S ANNUAL GALA AND LIGHTS OF LYNGBLOMSTEN YEAR-END CAMPAIGN. IN 2023, THE LYNGBLOMSTEN FOUNDATION DISTRIBUTED $1,571,995 TO LYNGBLOMSTEN PROGRAMS, THE TOP THREE OF WHICH WERE COMMUNITY SERVICES (26%), THE GOOD SAMARITAN FUND (25%), AND LYNGBLOMSTEN AT LINO LAKES (19%).

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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 $3,290,315

Program Service Revenue $0

Investment Income $460,644

Other Revenue $-15,993

TOTAL REVENUE $3,734,966

Expense Breakdown

Grants Paid $1,504,672

Salaries & Benefits $183,202

Fundraising Expenses $165,328

Program Expenses $1,571,996

Other Expenses $228,217

TOTAL EXPENSES $1,916,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,734,966	$4,167,873	-0.1%
Expenses	$1,916,091	$1,443,696	+0.3%
Net Income	$1,818,875	$2,724,177	-0.3%

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

$692,309

Total Directors

$339,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA GEORGE	CHAIR	1.00	Officer Director	$0	$0	$0
REV IVY HUSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REV MARTIN ERICSON	SECRETARY (THRU MAY 2023)	1.00	Officer Director	$0	$0	$0
DIANA ROCKSTAD	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MARK KNUDSON	TREASURER	1.00	Officer Director	$0	$0	$0
AMY KORZENOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL LOVETT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HEINECKE	PRESIDENT & CEO	6.00	Officer Director	$0	$45,659	$339,084
JOAN BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
KIM DONAT	DIRECTOR	1.00	Director	$0	$0	$0
MARY HAUCK	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER POLGA	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY J JACOBSON	CFO (THRU MAY 2023)	3.00	Officer	$0	$22,015	$140,549
TODD FLIFLET	CFO	3.00	Officer	$0	$46,268	$212,676

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	$3,734,966	$1,916,091	$14,104,814	$1,818,875
2022	$4,167,873	$1,443,696	$11,734,472	$2,724,177
2021	$4,629,978	$2,547,472	$9,921,930	$2,082,506
2020	$1,344,258	$2,906,433	$7,917,656	$-1,562,175
2019	$2,453,138	$2,327,138	$9,282,994	$126,000
2018	$2,273,952	$1,140,999	$8,334,496	$1,132,953