CHRIST THE KING EVANGELICAL LUTHERN CHURCH FOUNDATION OF NEW BRIDGTON

EIN: 411642466 501(c)(3) Religion

New Brighton, MN

Total Revenue
$372,637
Total Expenses
$110,569
Total Assets
$2,386,227
Net Assets
$2,386,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MN
Principal Officer
Steven Zenz
Phone
6516369583
Tax Period
2024-01-01 to 2024-12-31

CHRIST THE KING EVANGELICAL LUTHERN CHURCH FOUNDATION OF NEW BRIDGTON, founded in 1989, is a small nonprofit in the Religion sector that reported $373K in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $262K, a strong 70% operating margin.

Mission

The mission of the Foundation is to receive charitably gifted funds, invest and manage the funds, and to provide financial support of non-budgeted religious, educational and charitable programs that further the ministry of Christ the King Lutheran Church.

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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 $116,938
Program Service Revenue $0
Investment Income $255,699
Other Revenue $0
TOTAL REVENUE $372,637

Expense Breakdown

Grants Paid $104,714
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $110,569
Other Expenses $5,855
TOTAL EXPENSES $110,569

Year-over-Year Comparison

2024 2023 Change
Revenue $372,637 $144,094 +1.6%
Expenses $110,569 $89,628 +0.2%
Net Income $262,068 $54,466 +3.8%
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

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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
9
Independent Members
9
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rich Arvidson Trustee 1
Director
$0 $0 $0
Chris Popp Secretary 2
Officer Director
$0 $0 $0
Steven Zenz Treasurer 2
Officer Director
$0 $0 $0
Scott Black Trustee 1
Director
$0 $0 $0
Trish Blomquist Vice President 2
Officer Director
$0 $0 $0
Tim Van Rooy Trustee 1
Director
$0 $0 $0
Freya Hanson President 2
Officer Director
$0 $0 $0
Joel Hoeger Trustee 1
Director
$0 $0 $0
Adam Miller Trustee 1
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 $372,637 $110,569 $2,386,227 $262,068
2023 $144,094 $89,628 $2,094,288 $54,466
2022 $198,526 $104,541 $1,769,246 $93,985
2021 $381,804 $55,090 $2,102,545 $326,714
2020 $149,073 $75,651 $1,736,732 $73,422
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