FIRST LUTHERAN CHURCH FOUNDATION

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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

1963

Legal Domicile

Principal Officer

BEN KYTE

Phone

6053363734

Tax Period

2024-01-01 to 2024-12-31

FIRST LUTHERAN CHURCH FOUNDATION, founded in 1963, is a small nonprofit that reported $844K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $350K, a strong 41% operating margin.

Mission

TO MANAGE FUNDS USED FOR MINISTRIES AND SUPPLIES IN CHURCH SPONSORED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $486,088

DISTRIBUTION TO FIRST LUTHERAN CHURCH FOR USE IN PROGRAM MINISTRIES AND SUPPLIES FOR VARIOUS CHURCH SPONSORED PROGRAMS.

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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 $421,276

Program Service Revenue $0

Investment Income $422,856

Other Revenue $0

TOTAL REVENUE $844,132

Expense Breakdown

Grants Paid $486,088

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $486,088

Other Expenses $8,016

TOTAL EXPENSES $494,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,132	$753,206	+0.1%
Expenses	$494,104	$403,223	+0.2%
Net Income	$350,028	$349,983	+0.0%

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
VANCE GOLDHAMMER	VICE PRESIDENT	0.30	Officer	$0	$0	$0
CHRIS NELSON	BOARD MEMBER	0.30	Officer	$0	$0	$0
RANDY OLAWSKY	FLC TREASURER	0.30	Officer	$0	$0	$0
BEN KYTE	PRESIDENT	0.30	Officer	$0	$0	$0
LARRY HAMRE	TREASURER	0.30	Officer	$0	$0	$0
VERONICA PAULSON	BOARD MEMBER	0.30	Officer	$0	$0	$0
DEB NELSON	SECRETARY	0.30	Officer	$0	$0	$0
MIKE STRENGE	BOARD MEMBER	0.30	Officer	$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	$844,132	$494,104	$16,521,067	$350,028
2023	$753,206	$403,223	$14,888,804	$349,983
2022	$431,680	$469,546	$12,950,953	$-37,866
2021	$1,206,664	$429,649	$15,654,258	$777,015
2020	$525,678	$910,042	$13,633,851	$-384,364
2019	$389,996	$402,981	$12,667,176	$-12,985
2018	$625,227	$370,839	$10,903,206	$254,388