SMELC HOLDINGS INC

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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

1990

Legal Domicile

Principal Officer

FRED LAUTZ

Phone

4145623369

Tax Period

2024-07-01 to 2025-06-30

SMELC HOLDINGS INC, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 597% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 84% operating margin.

Mission

COLLECTING INCOME FROM PROPERTY AND TURNING INCOME OVER, LESS EXPENSES TO ST. MARCUS EVANGELICAL LUTHERAN CHURCH, INC. PER WITHIN THE MEANING OF 501(C)(2).

Program Service Accomplishments

Program 1

Expenses: $391,642 Revenue: $192,120

SMELC HOLDINGS, INC. HELD PROPERTY AND COLLECTED INCOME ON THAT PROPERTY. IN 2023, THE MAIN CAMPUS PROPERTY WAS TRANSFERRED TO ST. MARCUS EVANGELICAL CHURCH. IN 2023, THE ORGANIZATION DID SIGNIFICANT...

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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 $3,279,401

Program Service Revenue $0

Investment Income $0

Other Revenue $192,120

TOTAL REVENUE $3,471,521

Expense Breakdown

Grants Paid $25

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $391,642

Other Expenses $563,181

TOTAL EXPENSES $563,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,471,521	$497,903	+6.0%
Expenses	$563,206	$493,106	+0.1%
Net Income	$2,908,315	$4,797	+605.3%

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
FRED LAUTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAYNE REUTER	TREASURER	1.00	Officer 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	$3,471,521	$563,206	$16,835,372	$2,908,315
2024	$497,903	$493,106	$13,926,454	$4,797
2023	$1,773,878	$10,264,557	$13,921,607	$-8,490,679
2022	$580,000	$912,572	$9,672,286	$-332,572
2021	$580,000	$912,572	$10,004,857	$-332,572
2020	$580,000	$912,571	$10,337,429	$-332,571
2019	$11,694,493	$375,021	$10,670,000	$11,319,472