Lutheran High School in Mayer Foun… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

Joel Landskroener

Phone

9526572251

Tax Period

2024-08-01 to 2025-07-31

Lutheran High School in Mayer Foundation, founded in 2000, is a small nonprofit in the Education sector that reported $315K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $580K exceeded revenue, resulting in a 84% operating deficit.

Mission

Administration of perpetual endowments and active involement in fundraising projects of and for the support of the Lutheran High School Association in Mayer, Minnesota.

Program Service Accomplishments

Program 1

Expenses: $579,832

Contributions to Lutheran High School in support of school programs and activities.

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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 $307,413

Program Service Revenue $0

Investment Income $7,136

Other Revenue $0

TOTAL REVENUE $314,549

Expense Breakdown

Grants Paid $579,832

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $579,832

Other Expenses $0

TOTAL EXPENSES $579,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,549	$1,085,968	-0.7%
Expenses	$579,832	$530,548	+0.1%
Net Income	$-265,283	$555,420	-1.5%

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

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

$160,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL LANDSKROENER	Executive Director	2.00	Officer	$0	$43,893	$160,220
DARYL WIKSTROM	Chair	1.00	Officer Director	$0	$0	$0
BRUCE WANDERSEE	SecretaryTreasurer	1.00	Officer Director	$0	$0	$0
MIKE COREY	Director at Large	1.00	Director	$0	$0	$0
PETER IMS	Director at Large	1.00	Director	$0	$0	$0
BLAKE HAHN	Ex Officio	1.00	Director	$0	$0	$0
MICHAEL ORTH	Director at Large	1.00	Director	$0	$0	$0
DAVID WOESTEHOFF	Director at Large	1.00	Director	$0	$0	$0
BRAD QUASS	Director at Large	1.00	Director	$0	$0	$0
DAVID HAGEN	Director at Large	1.00	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	$314,549	$579,832	$9,344,202	$-265,283
2024	$1,085,968	$530,548	$8,731,928	$555,420
2023	$605,936	$488,027	$8,168,976	$117,909
2022	$231,718	$436,511	$7,953,987	$-204,793
2021	$1,349,050	$356,022	$8,244,141	$993,028
2020	$410,912	$44,479	$7,170,398	$366,433
2019	$367,482	$380,602	$6,971,029	$-13,120
2018	$423,364	$364,024	$7,035,634	$59,340

Lutheran High School in Mayer Foundation