MARTIN LUTHER TOWER INC (EIN 946108510) - 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

2005

Legal Domicile

Principal Officer

GERALD LUNDBLAD

Phone

4158851084

Tax Period

2024-01-01 to 2024-12-31

MARTIN LUTHER TOWER INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $8.5M represent 69 months of operating reserves.

Mission

THE CORPORATION PROVIDES HOUSING AND OTHER SERVICES TO SENIOR CITIZENS.

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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 $62,459

Program Service Revenue $1,385,081

Investment Income $23,156

Other Revenue $0

TOTAL REVENUE $1,470,696

Expense Breakdown

Grants Paid $95,409

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,183,367

Other Expenses $1,487,136

TOTAL EXPENSES $1,582,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,470,696	$1,734,880	-0.2%
Expenses	$1,582,545	$1,725,239	-0.1%
Net Income	$-111,849	$9,641	-12.6%

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
BARBARA BOCK	VICE PRESIDENT	12.00	Officer Director	$0	$0	$0
SUSIE SMITH	VICE PRESIDENT	12.00	Officer Director	$0	$0	$0
SHANNON CHENG	PRESIDENT	15.00	Officer Director	$0	$0	$0
GERALD LUNDBLAD	TREASURER	10.00	Officer Director	$0	$0	$0
LYLE BECKMAN	BOARD MEMBERS	5.00	Director	$0	$0	$0
PR DAN BURINGRUD	BOARD MEMBERS	5.00	Director	$0	$0	$0
BARBARA ENGMANN	BOARD MEMBERS	5.00	Director	$0	$0	$0
JON MOELLER	BOARD MEMBERS	5.00	Director	$0	$0	$0
NANCY NIELSEN	BOARD MEMBERS	5.00	Director	$0	$0	$0
RICHARD SEEFELDT	BOARD MEMBERS	5.00	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	$1,470,696	$1,582,545	$16,934,114	$-111,849
2023	$1,734,880	$1,725,239	$15,804,752	$9,641
2022	$1,547,986	$916,943	$14,432,303	$631,043
2021	$1,188,031	$1,509,270	$13,890,539	$-321,239
2020	$963,649	$1,414,960	$13,431,822	$-451,311
2019	$1,115,400	$1,376,337	$13,235,175	$-260,937
2018	$778,051	$1,248,151	$12,846,660	$-470,100

MARTIN LUTHER TOWER INC