HALVORSON CHARITIES FUND

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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

2007

Legal Domicile

Principal Officer

DOUG EDLUND

Phone

4258208800

Tax Period

2023-01-01 to 2023-12-31

HALVORSON CHARITIES FUND, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $198K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 51% operating deficit.

Mission

CONDUCTS AND SUPPORTS ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF EVANGELICAL CHRISTIAN CHURCHES AND CHARITABLE RELIEF ORGANIZATIONS.

Program Service Accomplishments

Program 1

KING'S SCHOOLINSPIRING AND TRANSFORMING LIVES OF STUDENTS THROUGH EXCEPTIONAL CHRISTIAN EDUCATION

Program 2

SEATTLE UNION GOSPEL MISSIONIS TO BRING THE LOVE OF JESUS AND HOPE FOR A NEW LIFE TO OUR HOMELESS NEIGHBORS.

Program 3

CRISTA CAMPSARE POSITIVE CHRISTIAN FOCUSED CAMPS, ISLAND LAKE AND MIRACLE RANCH, FOR YOUTH, THE NEEDY AND ADULTS.

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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 $0

Program Service Revenue $0

Investment Income $197,730

Other Revenue $0

TOTAL REVENUE $197,730

Expense Breakdown

Grants Paid $271,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,500

Other Expenses $26,401

TOTAL EXPENSES $297,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,730	$2,566,880	-0.9%
Expenses	$297,901	$264,924	+0.1%
Net Income	$-100,171	$2,301,956	-1.0%

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
DOUG EDLUND	PRESIDENT	5.00	Director	$0	$0	$0
SCOTT CHIN	DIRECTOR	5.00	Director	$0	$0	$0
DOUGLAS SUTTEN	TREASURER	5.00	Director	$0	$0	$0
BRENDA HALVORSON	DIRECTOR	5.00	Director	$0	$0	$0
E KENT HALVORSON	SECRETARY	5.00	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	No data	No data	No data	No data
2023	$197,730	$297,901	$5,793,957	$-100,171
2022	$2,566,880	$264,924	$5,558,249	$2,301,956
2021	$285,187	$253,200	$4,399,616	$31,987
2020	$292,921	$202,293	$3,944,145	$90,628
2019	$330,750	$176,554	$3,580,167	$154,196
2018	$1,036,363	$103,038	$2,984,616	$933,325