THRIVENT FINANCIAL FOR LUTHERANS-GROUP

EIN: 510200276

Minneapolis, MN

Total Revenue
$48,954,301
Total Expenses
$48,473,801
Total Assets
$547,479
Net Assets
$547,479
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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

Legal Domicile
WI
Principal Officer
TERESA J RASMUSSEN
Phone
6128447143
Tax Period
2023-01-01 to 2023-12-31

THRIVENT FINANCIAL FOR LUTHERANS-GROUP is a mid-sized nonprofit that reported $49.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THRIVENT FINANCIAL FOR LUTHERANS IS A FRATERNAL BENEFIT SOCIETY OPERATING UNDER THE LODGE SYSTEM AND PROVIDING LIFE, HEALTH, AND OTHER BENEFITS TO ITS MEMBERS & DEPENDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,954,301
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $48,954,301

Expense Breakdown

Grants Paid $42,543,600
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,930,201
TOTAL EXPENSES $48,473,801

Year-over-Year Comparison

2023 2022 Change
Revenue $48,954,301 $44,842,556 +0.1%
Expenses $48,473,801 $44,815,315 +0.1%
Net Income $480,500 $27,241 +16.6%
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

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Governance

Voting Members
123
Independent Members
123
Employees
N/A
Volunteers
2100000

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rob Umlauf President 10.0
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 No data No data No data No data
2023 $48,954,301 $48,473,801 $547,479 $480,500
2022 $44,842,556 $44,815,315 $58,623 $27,241
2021 $46,195,757 $47,542,265 $31,382 $-1,346,508
2020 $43,139,187 $43,157,344 $1,377,890 $-18,157
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