CHRIST LUTHERAN CHURCH FOUNDATION INC (EIN 521600961) - 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

1988

Legal Domicile

Principal Officer

BRUCE KIRBY

Phone

4107527179

Tax Period

2023-01-01 to 2023-12-31

CHRIST LUTHERAN CHURCH FOUNDATION INC, founded in 1988, is a small nonprofit that reported $341K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $405K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO FOSTER AND PROMOTE THE CHARITABLE AND RELIGIOUS ACTIVITIES OF CHRIST LUTHERAN CHURCH OF BALTIMORE CITY, MARYLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $340,564

Other Revenue $0

TOTAL REVENUE $340,564

Expense Breakdown

Grants Paid $372,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $372,000

Other Expenses $32,617

TOTAL EXPENSES $404,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,564	$220,522	+0.5%
Expenses	$404,617	$405,162	0.0%
Net Income	$-64,053	$-184,640	-0.7%

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

N/A

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
AMSALU GELETA	PRESIDENT	N/A	Officer Director	$0	$0	$0
NADINE KNOCHE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TIM FISHER	SECRETARY	N/A	Officer Director	$0	$0	$0
BRUCE KIRBY	TREASURER	N/A	Officer Director	$0	$0	$0
DOUG NAZARIAN	DIRECTOR	N/A	Director	$0	$0	$0
RUFUS LUSK	DIRECTOR	N/A	Director	$0	$0	$0
PAUL ERBES	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$340,564	$404,617	$8,009,510	$-64,053
2022	$220,522	$405,162	$7,312,457	$-184,640
2021	$738,726	$1,978,902	$8,846,381	$-1,240,176
2020	$1,880,298	$440,217	$9,440,477	$1,440,081
2018	$479,506	$469,199	$7,642,762	$10,307

CHRIST LUTHERAN CHURCH FOUNDATION INC