GRACE LUTHERAN CHURCH FOUNDATION

EIN: 931172573 501(c)(3) Religion

Corvallis, OR

Total Revenue
$40,292
Total Expenses
$49,103
Total Assets
$886,334
Net Assets
$886,334
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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
1995
Legal Domicile
OR
Principal Officer
Carolyn Warloe
Phone
5417571600
Tax Period
2025-01-01 to 2025-12-31

GRACE LUTHERAN CHURCH FOUNDATION, founded in 1995, is a micro nonprofit in the Religion sector that reported $40K in total revenue in fiscal year 2025. Expenses of $49K exceeded revenue, resulting in a 22% operating deficit.

Mission

To encourage bequests and gifts which benefit Grace Evangelical Lutheran Church and which further its religious and benevolent purposes.

Program Service Accomplishments

Program 1
Expenses: $8,000 Revenue: $0

Funds to Corvallis Sister Cities Association - Uzhhorod to assist with humanitarian aid to Ukraine.

Program 2
Expenses: $7,250 Revenue: $0

Roush Family Construction for work done on Grace Lutheran Church to prevent water damage. Grant was for 50% of final costs up to a maximum of $20,000. Payments made upon receipt of invoices from the...

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Roush Family Construction for work done on Grace Lutheran Church to prevent water damage. Grant was for 50% of final costs up to a maximum of $20,000. Payments made upon receipt of invoices from the business.

Program 3
Expenses: $6,000 Revenue: $0

Payments to Camp Lutherwood Oregon to upgrade their pathways and entrance.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,780
Program Service Revenue $0
Investment Income $29,512
Other Revenue $0
TOTAL REVENUE $40,292

Expense Breakdown

Grants Paid $44,919
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,919
Other Expenses $4,184
TOTAL EXPENSES $49,103

Year-over-Year Comparison

2025 2024 Change
Revenue $40,292 $39,617 +0.0%
Expenses $49,103 $57,962 -0.2%
Net Income $-8,811 $-18,345 -0.5%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carolyn Warloe President 1
Officer Director
$0 $0 $0
Haldon Dick Secretary 1
Officer Director
$0 $0 $0
Michelle Lundahl Treasurer 1
Officer Director
$0 $0 $0
Michael Beachley Director 0
Director
$0 $0 $0
Kris Saathoff Director 0
Director
$0 $0 $0
Mary Ann Brenan Director 0
Director
$0 $0 $0
Jeff Beck Director 0
Director
$0 $0 $0
Remy Remmers Ex officio 0
Director
$0 $0 $0
Robyn Vega Ex Officio 0
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
2025 $40,292 $49,103 $886,334 $-8,811
2024 $39,617 $57,962 $798,755 $-18,345
2023 $34,883 $34,385 $763,017 $498
2022 $60,210 $12,484 $697,745 $47,726
2021 $27,947 $15,972 $784,114 $11,975
2020 $30,232 $25,013 $713,535 $5,219
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