MULTI-CHURCH INITIATIVE INC

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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

2021

Legal Domicile

Principal Officer

Marcie Mayer

Phone

6124051153

Tax Period

2024-08-01 to 2025-07-31

MULTI-CHURCH INITIATIVE INC, founded in 2021, is a small nonprofit in the Religion sector that reported $394K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $444K exceeded revenue, resulting in a 13% operating deficit.

Mission

Lake Nokomis Lutheran Church, Living Table United Church of Christ, and Spirit of St Stephens Catholic Community forms an innovative Partnership (Multi-Church Initiative) to purchase Building and provide management to the equal shared partnership, while retaining their individual Faith Identities.

Program Service Accomplishments

Program 1

Expenses: $403,775 Revenue: $388,694

Multi-Church Initiative is a partnership of 3 churches to purchase Building and provide management services to the member partners.

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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 $0

Program Service Revenue $388,694

Investment Income $445

Other Revenue $4,377

TOTAL REVENUE $393,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,034

Fundraising Expenses $0

Program Expenses $403,775

Other Expenses $382,675

TOTAL EXPENSES $443,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,516	$266,006	+0.5%
Expenses	$443,709	$336,389	+0.3%
Net Income	$-50,193	$-70,383	-0.3%

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

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
Eric Grube	Board Member	1	Director	$0	$0	$0
Lynne Hendrickson	Board Member	1	Director	$0	$0	$0
Shaun McElhatton	Board Member	1	Director	$0	$0	$0
Brent Vanderlinden	Board Member	1	Director	$0	$0	$0
Kathryn Selin	Board Member	1	Director	$0	$0	$0
Greg Owens	Vice-Chair	1	Officer	$0	$0	$0
Marcie Mayer	Chair	1	Officer	$0	$0	$0
Karen Klein	Treasurer	1	Officer	$0	$0	$0
Sarah Borgerding	Secretary	1	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	$393,516	$443,709	$1,679,864	$-50,193
2024	$266,006	$336,389	$1,739,795	$-70,383
2023	$212,544	$302,436	$1,787,450	$-89,892
2022	$236,580	$116,656	$1,896,512	$119,924