Immanuel Lutheran Church Foundation

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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

1991

Legal Domicile

Principal Officer

Penny Norquist

Phone

6512606180

Tax Period

2021-01-01 to 2021-12-31

Immanuel Lutheran Church Foundation, founded in 1991, is a micro nonprofit in the Religion sector that reported $74K in total revenue in fiscal year 2021. Revenue surged 586% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 69% operating margin.

Mission

Immanuel Lutheran Church Foundation supports creative initiatives that grow Immanuel Lutheran Church in all its programs and endeavors, fosters Christian education through scholarships, and advances Christian outreach using funds generated through charitable gifts.

Program Service Accomplishments

Program 1

Expenses: $16,000 Revenue: $0

College Scholarships paid to Saint Olaf College for four students of $4000 each.

Program 2

Expenses: $4,000 Revenue: $0

Hunger and Poverty grants made to 3 organizations which provide support of individuals in poverty or in need of food on a temporary or long term basis due to catastrophe, disaster, or economic...

Hunger and Poverty grants made to 3 organizations which provide support of individuals in poverty or in need of food on a temporary or long term basis due to catastrophe, disaster, or economic conditions.

Program 3

Expenses: $2,400 Revenue: $0

Bright idea grants paid to Immanuel Lutheran Church to support two new programs and foster one new Christian outreach program.

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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 (2021)

Revenue Breakdown

Contributions & Grants $758

Program Service Revenue $0

Investment Income $72,836

Other Revenue $0

TOTAL REVENUE $73,594

Expense Breakdown

Grants Paid $22,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,400

Other Expenses $600

TOTAL EXPENSES $23,000

Year-over-Year Comparison

	2021	2020	Change
Revenue	$73,594	$10,733	+5.9%
Expenses	$23,000	$20,000	+0.2%
Net Income	$50,594	$-9,267	-6.5%

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

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
Tara Mattessich	Board Member	0.5	Director	$0	$0	$0
Ross Robey	Board Member	0.5	Director	$0	$0	$0
Penny Norquist	President	2	Officer	$0	$0	$0
Loren Danielson	Treasurer	3	Officer	$0	$0	$0
Berit Nelson	Secretary	1	Officer	$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	No data	No data	No data	No data
2021	$73,594	$23,000	$502,961	$50,594