THE GOOD SHEPHERD LUTHERAN FOUNDATION INC

EIN: 411302004 501(c)(3) Health Care

SAUK RAPIDS, MN

Total Revenue
$192,667
Total Expenses
$173,304
Total Assets
$2,667,477
Net Assets
$1,776,816
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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
1977
Legal Domicile
MN
Principal Officer
MICHAEL STORDAHL
Phone
3202526525
Tax Period
2023-01-01 to 2023-12-31

THE GOOD SHEPHERD LUTHERAN FOUNDATION INC, founded in 1977, is a small nonprofit in the Health Care sector that reported $193K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $173K left a modest 10% surplus.

Mission

TO SUPPORT GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS, MINNESOTA AND ITS AFFILIATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $73,402
Program Service Revenue $0
Investment Income $124,743
Other Revenue $-5,478
TOTAL REVENUE $192,667

Expense Breakdown

Grants Paid $137,779
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $137,779
Other Expenses $35,525
TOTAL EXPENSES $173,304

Year-over-Year Comparison

2023 2022 Change
Revenue $192,667 $138,949 +0.4%
Expenses $173,304 $223,084 -0.2%
Net Income $19,363 $-84,135 -1.2%
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
12
Independent Members
12
Employees
N/A
Volunteers
15

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
6
$294,171
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE FITCH CHAIR 1.00
Officer Director
$0 $0 $0
DAVID ZOELLER VICE CHAIR 1.00
Officer Director
$0 $0 $0
BARB MAHNKE TREASURER 1.00
Officer Director
$0 $0 $0
PAUL CLOETER SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID STROHSCHEIN BOARD MEMBER 1.00
Director
$0 $0 $0
LOIS PERLEBERG BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER MACHULA BOARD MEMBER 1.00
Director
$0 $0 $0
DOROTHY KERSTEN BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS STUDENSKI BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY KIRCHOFF BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL SCAPANSKI BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS BACON BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN KERN VP OF FINANCE/ CFO 3.00
Officer
$0 $0 $98,730
MICHAEL STORDAHL PRESIDENT/CEO/ADMINISTRATO 5.00
Officer
$0 $24,601 $195,441
RHONDA POHL VP OF HUMAN RESOURCES 1.00
Highest
$0 $14,713 $122,646
KRISTA MARTINI FINANCIAL MANAGER 0.50
Highest
$0 $20,558 $146,609
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 $192,667 $173,304 $2,667,477 $19,363
2022 $138,949 $223,084 $2,502,669 $-84,135
2021 $199,423 $52,625 $3,158,604 $146,798
2020 $126,333 $75,611 $2,809,705 $50,722
2019 $241,728 $36,422 $2,602,894 $205,306
2018 $234,990 $36,623 $2,142,078 $198,367
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