Gethsemane Memorial Foundation Inc (EIN 416054710) - 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

1966

Legal Domicile

Principal Officer

STEVE PAULSON

Phone

9529351753

Tax Period

2023-01-01 to 2023-12-31

Gethsemane Memorial Foundation Inc, founded in 1966, is a micro nonprofit in the Religion sector that reported $86K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 23% operating margin.

Mission

Support the ministry programs of Gethsemane Lutheran Church Hopkins MN using gifts received and earnings through prudent investment

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,701

Program Service Revenue $0

Investment Income $24,018

Other Revenue $0

TOTAL REVENUE $85,719

Expense Breakdown

Grants Paid $59,849

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,850

Other Expenses $6,263

TOTAL EXPENSES $66,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,719	$54,284	+0.6%
Expenses	$66,112	$64,867	+0.0%
Net Income	$19,607	$-10,583	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D NELSON	Senior Pastor	1.000	Officer Director	$0	$0	$0
WADE KRAGTORP	Treasurer	2.000	Officer Director	$0	$0	$0
STEVE PAULSON	President	2.000	Officer Director	$0	$0	$0
CARL PETERSON	Director	0.500	Director	$0	$0	$0
JOHANNA FRAHM	Vice President	0.500	Officer Director	$0	$0	$0
MARC SCHUBBE	Director	0.500	Director	$0	$0	$0
TIPHANIE DIRNBERGER	Director	0.500	Director	$0	$0	$0
KAREN JOHANNING	Director	0.500	Director	$0	$0	$0
ARDEN LOVAGNINI	Secretary	2.000	Director	$0	$0	$0
MIKE PATERSON	Director	0.500	Director	$0	$0	$0
KAREN PYZDROWSKI	Director	0.500	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
2023	$85,719	$66,112	$825,604	$19,607
2022	$54,284	$64,877	$735,910	$-10,593
2021	$44,419	$71,893	$892,934	$-27,474
2020	$33,611	$59,410	$854,491	$-25,799
2019	$38,257	$61,152	$808,739	$-22,895

Gethsemane Memorial Foundation Inc