THE LORING TRUST

EIN: 420819819 501(c)(3)

SAC CITY, IA

Total Revenue
$954,692
Total Expenses
$69,543
Total Assets
$3,088,551
Net Assets
$3,088,551
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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
1947
Legal Domicile
IA
Principal Officer
STEVE SPOTTS
Phone
7126627105
Tax Period
2024-07-01 to 2025-06-30

THE LORING TRUST, founded in 1947, is a small nonprofit that reported $955K in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $885K, a strong 93% operating margin.

Mission

SUPPORT AND MAINTENANCE OF LORING HOSPITAL.

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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 $652,087
Program Service Revenue $0
Investment Income $302,605
Other Revenue $0
TOTAL REVENUE $954,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $69,543
TOTAL EXPENSES $69,543

Year-over-Year Comparison

2024 2023 Change
Revenue $954,692 $367,735 +1.6%
Expenses $69,543 $53,702 +0.3%
Net Income $885,149 $314,033 +1.8%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE BECKER TRUSTEE 1.00
Director
$0 $0 $0
CAROL HANSEN TRUSTEE 1.00
Director
$0 $0 $0
STEVE SPOTTS TRUSTEE 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 $954,692 $69,543 $3,088,551 $885,149
2024 $367,735 $53,702 $2,199,690 $314,033
2023 $110,787 $10,954 $1,760,141 $99,833
2022 $117,771 $7,918 $1,620,276 $109,853
2021 $478,340 $13,592 $1,601,366 $464,748
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