MOUNT CARMEL CHURCH IN MINNEAPOLIS FOUNDATION (EIN 416043461) - Form 990 Financial Analysis & Trantor Score

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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

1964

Legal Domicile

Principal Officer

SUSAN FEIST

Phone

6127812796

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO RECEIVE ASSETS, INVEST THEM, AND USE THE INCOME FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL USES.

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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 $6,410

Program Service Revenue $0

Investment Income $454

Other Revenue $0

TOTAL REVENUE $6,864

Expense Breakdown

Grants Paid $9,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,647

Other Expenses $59,690

TOTAL EXPENSES $68,990

Year-over-Year Comparison

	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%

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
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

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	$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

MOUNT CARMEL CHURCH IN MINNEAPOLIS FOUNDATION