THE LABOURE SOCIETY INC

EIN: 412001751 501(c)(3) Philanthropy & Grantmaking

EAGAN, MN

Total Revenue
$3,488,575
Total Expenses
$2,588,550
Total Assets
$7,136,609
Net Assets
$3,282,792
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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
2002
Legal Domicile
MN
Principal Officer
THOMAS GILBERT
Phone
6514521160
Tax Period
2024-01-01 to 2024-12-31

THE LABOURE SOCIETY INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $900K, a strong 26% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO MUST ELIMINATE PERSONAL DEBT IN ORDER TO PURSUE THEIR VOCATION TO PRIESTHOOD OR RELIGIOUS LIFE IN THE CATHOLIC 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 $3,191,858
Program Service Revenue $0
Investment Income $294,408
Other Revenue $2,309
TOTAL REVENUE $3,488,575

Expense Breakdown

Grants Paid $1,026,353
Salaries & Benefits $975,098
Fundraising Expenses $324,677
Program Expenses $2,161,476
Other Expenses $587,099
TOTAL EXPENSES $2,588,550

Year-over-Year Comparison

2024 2023 Change
Revenue $3,488,575 $2,902,533 +0.2%
Expenses $2,588,550 $2,554,087 +0.0%
Net Income $900,025 $348,446 +1.6%
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
11
Independent Members
11
Employees
17
Volunteers
29

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
5
$228,213
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SR JOSEPHINE GARRETT CSFN SECRETARY 1.00
Officer Director
$0 $0 $0
SHERRY NILLES DIRECTOR 1.00
Director
$0 $0 $0
LIAM ROGERS DIRECTOR 1.00
Director
$0 $0 $0
JULIA GRAY DIRECTOR 1.00
Director
$0 $0 $0
THOMAS GILBERT TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT HUSSEY PRESIDENT 1.00
Officer Director
$0 $0 $0
ANN HOEDEMAN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WIDMAN DIRECTOR 1.00
Director
$0 $0 $0
FR BILL DUFFERT DIRECTOR 1.00
Director
$0 $0 $0
NANCY AHLGREN DIRECTOR 1.00
Director
$0 $0 $0
BRAD SHARP DIRECTOR 1.00
Director
$0 $0 $0
JOHN FLANAGAN EXECUTIVE DIRECTOR 40.00
Officer
$123,528 $0 $123,528
DAVID JOHNSON FINANCE DIRECTOR 40.00
Officer
$104,685 $0 $104,685
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 $3,488,575 $2,588,550 $7,136,609 $900,025
2023 $2,902,533 $2,554,087 $5,896,478 $348,446
2022 $2,397,549 $2,309,590 $5,329,471 $87,959
2021 $3,075,426 $2,780,598 $5,263,561 $294,828
2020 $2,626,498 $2,240,482 $4,369,845 $386,016
2019 $2,679,934 $2,340,346 $3,758,423 $339,588
2019 $2,679,934 $2,340,346 $3,758,423 $339,588
2018 $2,067,878 $1,826,741 $3,242,061 $241,137
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