LAY ENDOWMENT FUND (EIN 510152273) - 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

1920

Legal Domicile

Principal Officer

SCOTT CABALKA

Phone

6127106946

Tax Period

2024-01-01 to 2024-12-31

LAY ENDOWMENT FUND, founded in 1920, is a small nonprofit in the Mutual Benefit sector that reported $587K in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $525K, a strong 89% operating margin.

Mission

TO SUPPORT HENNEPIN AVENUE UNITED METHODIST CHURCH (HAUMC) AND OTHER AFFILIATED ORGANIZATIONS.

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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 $0

Program Service Revenue $0

Investment Income $586,697

Other Revenue $646

TOTAL REVENUE $587,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $62,370

TOTAL EXPENSES $62,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,343	$222,015	+1.6%
Expenses	$62,370	$91,274	-0.3%
Net Income	$524,973	$130,741	+3.0%

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

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
SCOTT CABALKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES MIRICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE HOLDEN	TREASURER	1.00	Officer Director	$0	$0	$0
HARLAN PAETZNICK	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY HAUGEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NARR	DIRECTOR	1.00	Director	$0	$0	$0
GAIL ONAN	DIRECTOR	1.00	Director	$0	$0	$0
GINGER SISCO	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
MARLA TIPPING	DIRECTOR	1.00	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	$587,343	$62,370	$6,812,142	$524,973
2023	$222,015	$91,274	$6,293,776	$130,741
2022	$297,571	$67,052	$6,171,223	$230,519
2021	$626,112	$124,352	$5,951,538	$501,760
2020	$546,675	$146,810	$5,462,467	$399,865
2018	$283,533	$306,289	$4,775,791	$-22,756

LAY ENDOWMENT FUND