FIRST CONGREGATIONAL CHURCH ENDOWMENT TRUST (EIN 426265601) - 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

1973

Legal Domicile

Principal Officer

FIRST BANK

Phone

3192662000

Tax Period

2023-01-01 to 2023-12-31

FIRST CONGREGATIONAL CHURCH ENDOWMENT TRUST, founded in 1973, is a micro nonprofit that reported $63K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $114K exceeded revenue, resulting in a 81% operating deficit.

Mission

SUPPORT FOR MINISTRY AND OPERATION OF FIRST CONGREGATIONAL CHURCH OF WATERLOO, IOWA

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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 $6,000

Program Service Revenue $0

Investment Income $57,311

Other Revenue $0

TOTAL REVENUE $63,311

Expense Breakdown

Grants Paid $90,456

Salaries & Benefits $10,415

Fundraising Expenses $0

Program Expenses $90,456

Other Expenses $13,441

TOTAL EXPENSES $114,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,311	$35,458	+0.8%
Expenses	$114,312	$166,252	-0.3%
Net Income	$-51,001	$-130,794	-0.6%

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
JIM STEVENSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR GREG HOEKSTRA	MEMBER	1.00	Director	$0	$0	$0
CRAIG HOLDIMAN	MEMBER	1.00	Director	$0	$0	$0
LAURIE ALLBAUGH	MEMBER	1.00	Director	$0	$0	$0
CRAIG JENSEN	MEMBER	1.00	Director	$0	$0	$0
KAY LEARY	MEMBER	1.00	Director	$0	$0	$0
JILL MEJIA	MEMBER	1.00	Director	$0	$0	$0
DAVID PANICUCCI	MEMBER	1.00	Director	$0	$0	$0
BARB MARDIS	MEMBER	1.00	Director	$0	$0	$0
N/A	TRUSTEE	40.00		$10,415	$0	$10,415

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	$63,311	$114,312	$1,678,476	$-51,001
2019	$264,243	$150,836	$1,745,113	$113,407
2018	$136,705	$145,401	$1,631,706	$-8,696

FIRST CONGREGATIONAL CHURCH ENDOWMENT TRUST