MIGHTY FORTRESS FOUNDATION

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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

2020

Legal Domicile

Principal Officer

JAMES R SAALFELD

Phone

7346651329

Tax Period

2024-10-01 to 2025-09-30

MIGHTY FORTRESS FOUNDATION, founded in 2020, is a small nonprofit in the Religion sector that reported $350K in total revenue in fiscal year 2024. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $234K, a strong 67% operating margin.

Mission

OUR MISSION IS TO INSPIRE CONGREGATIONS, SCHOOLS AND MINISTRIES TO MAKE FOLLOWERS OF JESUS. WE SERVE MINISTRIES WITHIN THE MICHIGAN DISTRICT OF THE LUTHERAN CHURCH - MISSOURI SYNOD AND OTHER CHRISTIAN MINISTRIES THROUGH GRANT OPPORTUNITIES, CONGREGATIONAL SERVICES AND OTHER FINANCIAL SUPPORT. FUNDS ARE DERIVED FROM THE RECEIPT OF DONATIONS AND LEGACY GIFTS.

Program Service Accomplishments

Program 1

Expenses: $6,000

GRANT OPPORTUNITIES PROVIDED TO CONGREGATIONS, SCHOOLS AND MINISTRIES WITHIN THE MICHIGAN DISTRICT OF THE LUTHERAN CHURCH - MISSOURI SYNOD.

Program 2

Expenses: $36,620

THE FOUNDATION PROVIDES FUNDING FOR LOANS TO CHURCHES AND MINISTRIES TO ASSIST WITH FUNDING ITS CONSTRUCTION, RENOVATION OR OTHER OPERATIONAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $233,428

Program Service Revenue $0

Investment Income $116,481

Other Revenue $0

TOTAL REVENUE $349,909

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $3,125

Program Expenses $42,620

Other Expenses $110,186

TOTAL EXPENSES $116,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,909	$94,442	+2.7%
Expenses	$116,186	$87,417	+0.3%
Net Income	$233,723	$7,025	+32.3%

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
RONALD STEINKE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REV JOEL HOYER	VICE-CHARIPERSON	1.00	Officer Director	$0	$0	$0
DAVID VALLIE	SECRETARY & TREASURER	0.75	Officer Director	$0	$0	$0
KURT KUCK	DIRECTOR	0.75	Director	$0	$0	$0
REV ROBERT APPOLD	DIRECTOR	0.75	Director	$0	$0	$0
REV JOHN BOOKSHAW	DIRECTOR	0.75	Director	$0	$0	$0
JAMES R SAALFELD	AUTHORIZED REPRESENTATIVE	1.00	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
2025	$349,909	$116,186	$4,327,194	$233,723
2024	No data	No data	No data	No data
2023	$125,299	$65,441	$1,879,449	$59,858
2022	$-36,925	$89,975	$1,694,377	$-126,900
2021	$2,043,324	$34,567	$2,017,227	$2,008,757