Associations of Lutheran Church Musicians Inc (EIN 521444489) - 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

1985

Legal Domicile

Principal Officer

Betty Sergent

Phone

2195482526

Tax Period

2024-01-01 to 2024-12-31

Associations of Lutheran Church Musicians Inc, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $921K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $314K, a strong 34% operating margin.

Mission

Sustain Lutheran Liturgical Heritage

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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 $737,669

Program Service Revenue $139,745

Investment Income $4,919

Other Revenue $38,469

TOTAL REVENUE $920,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,862

Fundraising Expenses $0

Program Expenses $308,986

Other Expenses $348,160

TOTAL EXPENSES $607,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$920,802	$665,933	+0.4%
Expenses	$607,022	$709,872	-0.1%
Net Income	$313,780	$-43,939	-8.1%

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

Volunteers

100

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
Karen Black	President Elect	N/A	Officer	$0	$0	$0
Jean Boehler	Director	N/A	Officer	$0	$0	$0
Carol Churchill	Director	N/A	Officer	$0	$0	$0
Kim Cramer	Director	N/A		$0	$0	$0
Tony Cruz	Director	N/A	Officer	$0	$0	$0
Karla Devine	Director	N/A		$0	$0	$0
Matthew Frable	Director	N/A		$0	$0	$0
Kyle Haugen	Director	N/A		$0	$0	$0
Wallace Horton	Director	N/A		$0	$0	$0
Michael Krentz	Treasurer	N/A	Officer	$0	$0	$0
Carol McDaniel	Director	N/A		$0	$0	$0
Omaldo Perez	Director	N/A		$0	$0	$0
Nancy Raabe	President	N/A	Officer	$0	$0	$0
David Werth	Director	N/A	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	$920,802	$607,022	$1,231,168	$313,780
2023	$665,933	$709,872	$844,704	$-43,939
2022	$758,081	$755,421	$888,235	$2,660
2021	$525,479	$338,038	$885,155	$187,441
2020	$541,680	$332,559	$697,281	$209,121
2019	$603,017	$493,957	$489,219	$109,060
2018	$487,800	$420,629	$381,965	$67,171

Associations of Lutheran Church Musicians Inc