SACRED HEART - JOHN C MEMORIAL ASSN

EIN: 411557842 501(c)(3)

DULUTH, MN

Total Revenue
$164,166
Total Expenses
$160,135
Total Assets
$864,780
Net Assets
$856,330
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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
1994
Legal Domicile
MN
Principal Officer
ARNO KAHN
Phone
2187231895
Tax Period
2024-07-01 to 2025-06-30

SACRED HEART - JOHN C MEMORIAL ASSN, founded in 1994, is a small nonprofit that reported $164K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $856K represent 63 months of operating reserves.

Mission

MAINTENANCE AND RESTORATION OF A HISTORIC BUILDING USED FOR COMMUNITY FUNCTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,368
Program Service Revenue $0
Investment Income $3,555
Other Revenue $116,243
TOTAL REVENUE $164,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,135
Other Expenses $160,135
TOTAL EXPENSES $160,135

Year-over-Year Comparison

2024 2023 Change
Revenue $164,166 $181,355 -0.1%
Expenses $160,135 $246,360 -0.3%
Net Income $4,031 $-65,005 -1.1%
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
10
Independent Members
10
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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZANE BAIL DIRECTOR N/A
Director
$0 $0 $0
DON BALTES TREASURER N/A
Director
$0 $0 $0
MARY HANCHETT DIRECTOR N/A
Director
$0 $0 $0
NICK HOWL DIRECTOR N/A
Director
$0 $0 $0
REN HOWL DIRECTOR N/A
Director
$0 $0 $0
ARNO KAHN PRESIDENT N/A
Director
$0 $0 $0
MARK NICKLAWSKI SECRETARY N/A
Director
$0 $0 $0
CARL PETERSON DIRECTOR N/A
Director
$0 $0 $0
SHEILA SHUSTERICH DIRECTOR N/A
Director
$0 $0 $0
CHARLES SUNDQUIST ORGANIST N/A
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
2025 $164,166 $160,135 $864,780 $4,031
2024 $181,355 $246,360 $857,504 $-65,005
2023 $196,157 $163,425 $921,378 $32,732
2022 $143,110 $156,697 $887,488 $-13,587
2021 $111,702 $64,913 $900,609 $46,789
2020 $87,285 $100,712 $853,841 $-13,427
2019 $104,774 $114,973 $868,843 $-10,199
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