JESSIE T LANGWORTHY TRUST (EIN 470396850) - 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

1953

Legal Domicile

Principal Officer

KENRICK W MORGAN

Phone

4026433683

Tax Period

2023-10-01 to 2024-09-30

JESSIE T LANGWORTHY TRUST, founded in 1953, is a small nonprofit that reported $517K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $997K exceeded revenue, resulting in a 93% operating deficit.

Mission

ENTITY IS A NON-EXEMPT CHARITABLE TRUST THAT IS NOT TREATED AS A PRIVATE UNDER SEC. 509(A). THE TRUST IS REQUIRED TO PAY OR SET ASIDE ALL INCOME TWO CHARITIABLE ORGANIZATIONS ORGANIZED UNDER SEC 501(C)(3). MEMORIAL HOSPITAL, SEWARD, NE COMMUNITY CIVIC CENTER, SEWARD, NE

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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 $84,602

Other Revenue $431,980

TOTAL REVENUE $516,582

Expense Breakdown

Grants Paid $934,414

Salaries & Benefits $58,909

Fundraising Expenses $0

Program Expenses $934,414

Other Expenses $3,188

TOTAL EXPENSES $996,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,582	$1,235,726	-0.6%
Expenses	$996,511	$1,016,902	0.0%
Net Income	$-479,929	$218,824	-3.2%

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
KENRICK W MORGAN	TRUSTEE	N/A	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	$516,582	$996,511	$7,087,330	$-479,929
2023	$1,235,726	$1,016,902	$7,515,078	$218,824
2022	$1,093,710	$789,747	$7,284,805	$303,963
2021	$785,091	$679,601	$6,994,505	$105,490
2020	$785,573	$662,367	$6,876,096	$123,206
2019	$821,992	$501,264	$6,742,748	$320,728
2018	$415,174	$449,096	$6,414,668	$-33,922

JESSIE T LANGWORTHY TRUST