FUMC TITLE HOLDING CORPORATION (EIN 830317042) - 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

1996

Legal Domicile

Principal Officer

DAVE KORENKE

Phone

3072349385

Tax Period

2022-01-01 to 2022-12-31

FUMC TITLE HOLDING CORPORATION, founded in 1996, is a small nonprofit that reported $601K in total revenue in fiscal year 2022. Revenue surged 2531% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 110% operating deficit.

Mission

LESSOR OF OFFICE SPACE TO NOT FOR PROFIT AND FOR PROFIT ENTITIES. NET PROCEEDS HAVE BEEN USED TO PROVIDE FUNDS FOR THE FIRST UNITED METHODIST CHURCH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $647,297

Other Revenue $-46,359

TOTAL REVENUE $600,938

Expense Breakdown

Grants Paid $1,262,986

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,262,986

Other Expenses $0

TOTAL EXPENSES $1,262,986

Year-over-Year Comparison

	2022	2021	Change
Revenue	$600,938	$22,842	+25.3%
Expenses	$1,262,986	N/A	N/A
Net Income	$-662,048	$22,842	-30.0%

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
STEVE CATHEY	TRUSTEE	N/A	Director	$0	$0	$0
DANA DEUEL	TRUSTEE	N/A	Director	$0	$0	$0
BOB FOX	TRUSTEE	N/A	Director	$0	$0	$0
DAVE KORENKE	PRESIDENT	N/A	Officer Director	$0	$0	$0
CINDY OLSON	TRUSTEE	N/A	Director	$0	$0	$0
JOHN SCHERLIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SCOTT WARREN	TRUSTEE	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
2022	$600,938	$1,262,986	No data	$-662,048
2021	$22,842	No data	$680,228	No data
2020	$-9,137	No data	$657,437	No data
2019	$-7,653	No data	$661,405	No data
2018	$-50,752	$20,000	$668,642	$-70,752

FUMC TITLE HOLDING CORPORATION