MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LUTHERAN MUSIC PROGRAM, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 3% surplus.
LUTHERAN MUSIC PROGRAM TRANSFORMS LIVES AND CONNECTS PEOPLE THROUGH FAITH AND MUSIC. THE THREE VALUES WHICH WE EMBRACE ARE MUSICAL EXCELLENCE, LUTHERAN FAITH, AND A NURTURING COMMUNITY. OUR VISION IS TO SEE CHURCHES AND COMMUNITIES RENEWED THROUGH MUSIC FOR THE SAKE OF THE WORLD.
LUTHERAN MUSIC PROGRAM OPERATES LUTHERAN SUMMER MUSIC, THE NATIONAL LUTHERAN HIGH SCHOOL MUSIC CAMP. LUTHERAN SUMMER MUSIC (LSM) IS THE NATION'S PREMIERE FAITH-BASED MUSIC ACADEMY FOR HIGH SCHOOL...
LUTHERAN MUSIC PROGRAM OPERATES LUTHERAN SUMMER MUSIC, THE NATIONAL LUTHERAN HIGH SCHOOL MUSIC CAMP. LUTHERAN SUMMER MUSIC (LSM) IS THE NATION'S PREMIERE FAITH-BASED MUSIC ACADEMY FOR HIGH SCHOOL STUDENTS. IN ADDITION TO ADVANCED MUSICAL INSTRUCTION AND NUMEROUS PERFORMANCE OPPORTUNITIES, LSM STUDENTS FORM AN INTENTIONAL COMMUNITY, LIVING TOGETHER FOR FOUR WEEKS ON A LUTHERAN COLLEGE CAMPUS. SINCE 1981, THIS UNIQUE AND IMMERSIVE PROGRAM HAS GUIDED THE LIVES OF YOUNG MUSICIANS, WHO CREDIT LSM AS THE STARTING PLACE FOR THEIR FUTURE CAREERS AND VOCATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,526,807 | $2,775,610 | -0.4% |
| Expenses | $1,475,111 | $1,527,972 | 0.0% |
| Net Income | $51,696 | $1,247,638 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS BANDAR | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$121,269 | $10,181 | $131,450 |
| MICHAEL RICKMAN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH DROTNING HARTWELL | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARIN SWENSON-MOORE | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANE WILKE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA KEMPKE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MACKENZIE MCNAUGHTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEREMY WIRTH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DIETRICH JESSEN | ADVISORY COUNCIL CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIETER NICKEL | HONORARY BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,526,807 | $1,475,111 | $5,186,947 | $51,696 |
| 2024 | $2,775,610 | $1,527,972 | $4,805,864 | $1,247,638 |
| 2023 | $1,843,491 | $1,314,642 | $3,591,541 | $528,849 |
| 2022 | $1,763,933 | $1,101,309 | $2,920,609 | $662,624 |
| 2021 | $1,327,073 | $912,402 | $2,789,954 | $414,671 |
| 2020 | $654,077 | $414,951 | $2,260,505 | $239,126 |
| 2019 | $925,907 | $793,830 | $2,248,388 | $132,077 |
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