Mount Olivet Lutheran Church Foundation (EIN 411373106) - 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

1980

Legal Domicile

Principal Officer

Deanne Nelson

Phone

6129267651

Tax Period

2024-01-01 to 2024-12-31

Mount Olivet Lutheran Church Foundation, founded in 1980, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 73% operating margin.

Mission

This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of Evangelical Mount Olivet Lutheran Church, a Minnesota nonprofit corporation, and other organizations related via common management.

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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 $1,632,251

Program Service Revenue $0

Investment Income $757,584

Other Revenue $0

TOTAL REVENUE $2,389,835

Expense Breakdown

Grants Paid $473,084

Salaries & Benefits $131,794

Fundraising Expenses $155,780

Program Expenses $473,084

Other Expenses $38,936

TOTAL EXPENSES $654,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,389,835	$3,947,574	-0.4%
Expenses	$654,164	$943,078	-0.3%
Net Income	$1,735,671	$3,004,496	-0.4%

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
Lois Allen	Director	0.50	Director	$0	$0	$0
J C Anderson	Director	0.50	Director	$0	$0	$0
Scott Anderson	Director	0.50	Director	$0	$0	$0
Jennifer Bastian	Director	0.50	Director	$0	$0	$0
Maddie Bates	Director	0.50	Director	$0	$0	$0
Darcy Winter Benjamin	Director	0.50	Director	$0	$0	$0
Sue Bratrud	Director	0.50	Director	$0	$0	$0
Doris Buerkle	Director	0.50	Director	$0	$0	$0
Ray Cabillot	Director	0.50	Director	$0	$0	$0
Martha Carlson	Director	0.50	Director	$0	$0	$0
Ben Cieslik	Director	0.50	Director	$0	$0	$0
Mark Dixon	Director	0.50	Director	$0	$0	$0
Bruce Englsma	Director	0.50	Director	$0	$0	$0
Fritz Ferris	Director	0.50	Director	$0	$0	$0
Heather Goudy	Director	0.50	Director	$0	$0	$0
Jenni Grangaard	Director	0.50	Director	$0	$0	$0
Dave Haberle	Director	0.50	Director	$0	$0	$0
Lizabeth Halva	Director	0.50	Director	$0	$0	$0
Monica Hammersten	Director	0.50	Director	$0	$0	$0
Ken Jarcho	Director	0.50	Director	$0	$0	$0
Ron Kaliebe	Director	0.50	Director	$0	$0	$0
Kurt Kalland	Director	0.50	Director	$0	$0	$0
Dave Kroog	Director	0.50	Director	$0	$0	$0
Sarah Lien	Director	0.50	Director	$0	$0	$0
Nancy Lindahl	Director	0.50	Director	$0	$0	$0
Mary Morton	Director	0.50	Director	$0	$0	$0
Sue Mulkern	Director	0.50	Director	$0	$0	$0
Nancy Nash	Director	0.50	Director	$0	$0	$0
David Nelson	Director	0.50	Director	$0	$0	$0
Bob Neuman	Director	0.50	Director	$0	$0	$0
Lance Olson	Director	0.50	Director	$0	$0	$0
Jenna Olson Popp	Director	0.50	Director	$0	$0	$0
Debra Page	Director	0.50	Director	$0	$0	$0
Beth Psihos	Director	0.50	Director	$0	$0	$0
Peter Radosovich	Director	0.50	Director	$0	$0	$0
Katherine Sayre	Director	0.50	Director	$0	$0	$0
Nate Slinde	Director	0.50	Director	$0	$0	$0
Greg Teigen	Director	0.50	Director	$0	$0	$0
Vicki Turnquist	Director	0.50	Director	$0	$0	$0
Thomas Whear	Director	0.50	Director	$0	$0	$0
Becca Wold Freeman	Director	0.50	Director	$0	$0	$0
Kathryn Wood	Director	0.50	Director	$0	$0	$0
Lisa Carlson	Secretary	0.50	Officer Director	$0	$0	$0
Gary Wert	Treasurer	0.50	Officer Director	$0	$0	$0
John Kapanke	Vice President	0.50	Officer Director	$0	$0	$0
David Lose	President	0.50	Officer 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
2024	$2,389,835	$654,164	$32,915,678	$1,735,671
2023	$3,947,574	$943,078	$27,951,434	$3,004,496
2022	$5,799,070	$495,791	$21,474,925	$5,303,279
2021	$882,098	$463,040	$19,863,182	$419,058
2020	$1,583,028	$1,816,762	$17,314,648	$-233,734
2019	$1,473,140	$2,028,974	$15,765,096	$-555,834
2018	$609,061	$1,629,589	$14,264,567	$-1,020,528

Mount Olivet Lutheran Church Foundation