MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MOUNT CARMEL CHURCH IN MINNEAPOLIS FOUNDATION, founded in 1964, is a micro nonprofit in the Religion sector that reported $7K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 905% operating deficit.
TO RECEIVE ASSETS, INVEST THEM, AND USE THE INCOME FOR RELIGIOUS, CHARITABLE, BENEVOLENT, AND EDUCATIONAL USES.
AN ONGOING SERVICE PROGRAM IS TO FUND POST SECONDARY SCHOLARSHIPS FOR QUALIFYING MEMBERS OF MOUNT CARMEL LUTHERAN CHURCH. SCHOLARSHIP AWARDS ARE AVAILABLE FOR ANY FORM OF POST SECONDARY STUDY. THEY...
AN ONGOING SERVICE PROGRAM IS TO FUND POST SECONDARY SCHOLARSHIPS FOR QUALIFYING MEMBERS OF MOUNT CARMEL LUTHERAN CHURCH. SCHOLARSHIP AWARDS ARE AVAILABLE FOR ANY FORM OF POST SECONDARY STUDY. THEY ARE BASED ON CONTRIBUTIONS TO THE RELIGIOUS LIFE OF THE CHURCH AS WELL AS POTENTIAL FOR SCHOLASTIC SUCCESS, LEADERSHIP, AND PERSONAL ATTRIBUTES. THE OBJECTIVE OF THIS PROGRAM IS TO AID MEMBERS BY DEFRAYING EXPENSES AND ENCOURAGE THEIR LONG TERM SUCCESS THROUGH HIGHER EDUCATION.
ONE SERVICE PROGRAM IS TO SUPPORT EXTRA-BUDGETARY PROGRAMS AT MOUNT CARMEL LUTHERAN CHURCH. THE OBJECTIVE OF THIS PROGRAM IS TO ALLOW THE CHURCH TO OFFER PROGRAMS WHICH SERVE AND GROW ITS MEMBERSHIP...
ONE SERVICE PROGRAM IS TO SUPPORT EXTRA-BUDGETARY PROGRAMS AT MOUNT CARMEL LUTHERAN CHURCH. THE OBJECTIVE OF THIS PROGRAM IS TO ALLOW THE CHURCH TO OFFER PROGRAMS WHICH SERVE AND GROW ITS MEMBERSHIP, WHICH RANGES FROM 10 TO 250 PEOPLE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,864 | $5,650 | +0.2% |
| Expenses | $68,990 | $46,067 | +0.5% |
| Net Income | $-62,126 | $-40,417 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RALPH MATTHES | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARLYS HEGSTROM | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN FEIST | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY CATHERINE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN ZEIGLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN WIRTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARB HOLLISTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN GILLETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,864 | $68,990 | $581,885 | $-62,126 |
| 2023 | $5,650 | $46,067 | $604,002 | $-40,417 |
| 2022 | $29,781 | $94,448 | $590,791 | $-64,667 |
| 2021 | $47,604 | $46,409 | $746,704 | $1,195 |
| 2020 | $31,606 | $29,925 | $723,262 | $1,681 |
| 2019 | $108,520 | $35,513 | $693,465 | $73,007 |
| 2018 | $15,849 | $43,232 | $595,525 | $-27,383 |
Compare MOUNT CARMEL CHURCH IN MINNEAPOLIS FOUNDATION with other nonprofits in Minnesota and across the country.