The King's Engineering Fellowship (EIN 521041390) - 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

1976

Legal Domicile

Principal Officer

Edward Mortenson

Phone

7127374444

Tax Period

2025-01-01 to 2025-12-31

The King's Engineering Fellowship, founded in 1976, is a micro nonprofit that reported $95K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $110K exceeded revenue, resulting in a 16% operating deficit.

Mission

Engineering to develop and improve the Angel, an stol twin-engine airplane designed to meet the needs of missionaries and humanitarian workers in places where most aircraft cannont land and take off. Also to provide funds for missionaries to purchase these planes at a reduced cost.

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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 (2025)

Revenue Breakdown

Contributions & Grants $89,785

Program Service Revenue $0

Investment Income $253

Other Revenue $5,065

TOTAL REVENUE $95,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,935

Other Expenses $109,935

TOTAL EXPENSES $109,935

Year-over-Year Comparison

	2025	2024	Change
Revenue	$95,103	$115,033	-0.2%
Expenses	$109,935	$85,549	+0.3%
Net Income	$-14,832	$29,484	-1.5%

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
Edward Mortenson	President	45.00	Officer Director	$0	$0	$0
Evan Mortenson	Vice President	0.00	Director	$0	$0	$0
Merrill Holmquist	Treasurer	0.00	Officer Director	$0	$0	$0
Ed Claypool	Director	0.00	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
2025	$95,103	$109,935	$1,829,245	$-14,832
2024	$115,033	$85,549	$1,765,503	$29,484
2023	$74,523	$132,276	$1,643,141	$-57,753
2022	$132,313	$211,201	$716,173	$-78,888
2021	$160,500	$163,684	$656,849	$-3,184
2020	$174,307	$186,723	$593,177	$-12,416
2019	$128,471	$214,277	$532,541	$-85,806
2018	$241,307	$187,164	$637,048	$54,143

The King's Engineering Fellowship