Living Church Foundation Inc (EIN 390841883) - 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

1928

Legal Domicile

Principal Officer

MATTHEW OLVER

Phone

4142765420

Tax Period

2023-01-01 to 2023-12-31

Living Church Foundation Inc, founded in 1928, is a small nonprofit in the Religion sector that reported $934K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

To seek serve the catholic evangelical faith of the one Church to the end of visible Christian unity throughout the world

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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 $439,034

Program Service Revenue $461,917

Investment Income $14,813

Other Revenue $18,627

TOTAL REVENUE $934,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $531,237

Fundraising Expenses $76,798

Program Expenses $734,096

Other Expenses $473,266

TOTAL EXPENSES $1,004,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$934,391	$1,100,347	-0.2%
Expenses	$1,004,503	$1,018,091	0.0%
Net Income	$-70,112	$82,256	-1.9%

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

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

$47,277

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C BAUERSCHMIDT	Director	1.000	Director	$0	$0	$0
KATHLEEN ALEXANDER	Director	1.000	Director	$0	$0	$0
KRISTINE BLAESS	Director	1.000	Director	$0	$0	$0
THOMAS KINCAID III	Treasurer	1.000	Officer Director	$0	$0	$0
RICHARD CLEMENTS	Vice President	1.000	Officer Director	$0	$0	$0
CHRISTOPHER COCKSWORTH	Director	1.000	Director	$0	$0	$0
WALTER L PREHN	President	1.000	Officer Director	$0	$0	$0
CARRIE BOREN HEADINGTON	Director	1.000	Director	$0	$0	$0
KINO VITET	Director	1.000	Director	$0	$0	$0
CLINTON WILSON	Secretary	1.000	Officer Director	$0	$0	$0
MATTHEW OLVER	Executive Director	40.00	Officer	$40,077	$7,200	$47,277
JUSTIN HOLCOMB	Director	1.000	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
2023	$934,391	$1,004,503	$730,334	$-70,112
2022	$1,100,347	$1,018,091	$756,044	$82,256
2021	$1,167,221	$894,728	$602,031	$272,493
2020	$827,896	$862,551	$411,140	$-34,655
2019	$975,139	$895,010	$353,793	$80,129
2018	$1,000,135	$969,172	$290,310	$30,963

Living Church Foundation Inc