Endowment Foundation of Holy Trinity Lutheran Church of Hickory NC Inc

EIN: 581379628 501(c)(3)

Hickory, NC

Total Revenue
$87,444
Total Expenses
$154,149
Total Assets
$4,295,313
Net Assets
$4,295,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
Principal Officer
Doug Dickson
Phone
8283225813
Tax Period
2023-10-01 to 2024-09-30

Endowment Foundation of Holy Trinity Lutheran Church of Hickory NC Inc, founded in 1978, is a micro nonprofit that reported $87K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 76% operating deficit.

Mission

The foundation exists to assist members who wish to provide a living memorial which will support the life and the future of the church and to provide seminary scholarships.

Program Service Accomplishments

Program 1
Expenses: $97,940 Revenue: $77,544

Assistance to Organizations in the US through Holy Trinity Lutheran Church as well as Ministry and Outreach.

Program 2
Expenses: $14,250 Revenue: $9,900

Seminary and College Scholarships for students

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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 $5,800
Program Service Revenue $0
Investment Income $81,644
Other Revenue $0
TOTAL REVENUE $87,444

Expense Breakdown

Grants Paid $112,190
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $112,190
Other Expenses $41,959
TOTAL EXPENSES $154,149

Year-over-Year Comparison

2023 2022 Change
Revenue $87,444 $65,729 +0.3%
Expenses $154,149 $142,307 +0.1%
Net Income $-66,705 $-76,578 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Gniadek President N/A
Officer Director
$0 $0 $0
Adair Bowman Past President N/A
Officer Director
$0 $0 $0
Doug Dickson Treasurer N/A
Officer
$0 $0 $0
Susan Quinn Vice President N/A
Officer Director
$0 $0 $0
Jeff Osborne Secretary N/A
Officer Director
$0 $0 $0
Denise Sellers 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 $87,444 $154,149 $4,295,313 $-66,705
2023 $65,729 $142,307 $3,637,927 $-76,578
2022 $58,643 $142,717 $3,350,599 $-84,074
2021 $193,761 $119,756 $3,915,848 $74,005
2020 $206,759 $109,259 $3,122,808 $97,500
2019 $157,269 $99,610 $2,987,902 $57,659
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