Endowment Foundation of Holy Trinity Lutheran Church of Hickory NC Inc (EIN 581379628) - 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

1978

Legal Domicile

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.

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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 $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

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
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

Endowment Foundation of Holy Trinity Lutheran Church of Hickory NC Inc