Associations of Lutheran Church Musicians Inc

EIN: 521444489 501(c)(3) Community Improvement

Valparaiso, IN

Total Revenue
$920,802
Total Expenses
$607,022
Total Assets
$1,231,168
Net Assets
$1,224,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IN
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

Program Service Accomplishments

Program 1
Expenses: $247,235 Revenue: $0

Conferences and meetings are held to facilitate the preservation, to strengthen, and to renew our Lutheran liturgical heritage

Program 2
Expenses: $61,751 Revenue: $0

Newsletters and journals are published and sent to members and other interested parties

Program 3
Expenses: $0 Revenue: $0

Religious recordings are distributed to members and other interested parties

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
6
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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