Lutheran Financial Managers Association
EIN: 411828403 · Sioux Falls, SD
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $29K |
| Net Assets | $6K |
Is Lutheran Financial Managers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lutheran Financial Managers Association
Lutheran Financial Managers Association (EIN: 411828403) is a nonprofit organization based in Sioux Falls, SD. The organization reported total revenue of $58K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Financial Managers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Financial Managers Association is a micro nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $29K |
| Surplus / Deficit | $-22,601 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -377.1% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Lutheran Financial Managers Association reported a deficit of $23K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Financial Managers Association's revenue has declined at a compound annual growth rate (CAGR) of -15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.9% | +95.7% | -79.4% |
| 2022 | -17.6% | -73.4% | +519.0% |
| 2021 | +101160.0% | +392.0% | +0.6% |
| 2020 | -99.8% | -69.3% | -77.3% |
| 2019 | +0.0% | +3.1% | +73.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lutheran Financial Managers Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lutheran Financial Managers Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
Frequently Asked Questions about Lutheran Financial Managers Association
Is Lutheran Financial Managers Association a legitimate charity?
Lutheran Financial Managers Association (EIN: 411828403) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $58K. No red flags identified. Financial health grade: C.
How does Lutheran Financial Managers Association spend its money?
Lutheran Financial Managers Association reported $58K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lutheran Financial Managers Association tax-deductible?
Lutheran Financial Managers Association is registered as a tax-exempt nonprofit (EIN: 411828403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lutheran Financial Managers Association located?
Lutheran Financial Managers Association is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 411828403.
How many years of IRS 990 filings does Lutheran Financial Managers Association have?
Lutheran Financial Managers Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $58K in total revenue.
Filing History
IRS 990 filing history for Lutheran Financial Managers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Financial Managers Association's revenue has declined by 85.9%, moving from $43K to $6K. Total assets decreased by 74.6% over the same period, from $23K to $6K. Total functional expenses fell by 31.9%, from $42K to $29K. In its most recent filing year (2023), Lutheran Financial Managers Association reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $29K | $6K | $0 | — | — |
| 2022 | $46K | $15K | $28K | $0 | — | View 990 |
| 2021 | $56K | $55K | $5K | $7K | — | — |
| 2020 | $55 | $11K | $5K | $9K | — | View 990 |
| 2019 | $31K | $36K | $20K | $13K | — | View 990 |
| 2018 | $31K | $35K | $12K | $0 | — | View 990 |
| 2017 | $36K | $37K | $15K | $0 | — | View 990 |
| 2016 | $34K | $36K | $16K | $0 | — | View 990 |
| 2015 | $35K | $35K | $11K | $0 | — | View 990 |
| 2014 | $32K | $33K | $18K | $0 | — | View 990 |
| 2013 | $43K | $44K | $21K | $2K | — | View 990 |
| 2012 | $42K | $43K | $24K | $4K | — | View 990 |
| 2011 | $43K | $42K | $23K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $29K, and assets of $6K (revenue -86.9% year-over-year).
- 2022: Revenue of $46K, expenses of $15K, and assets of $28K (revenue -17.6% year-over-year).
- 2021: Revenue of $56K, expenses of $55K, and assets of $5K (revenue +101160.0% year-over-year).
- 2020: Revenue of $55, expenses of $11K, and assets of $5K (revenue -99.8% year-over-year).
- 2019: Revenue of $31K, expenses of $36K, and assets of $20K (revenue +0.0% year-over-year).
- 2018: Revenue of $31K, expenses of $35K, and assets of $12K (revenue -12.9% year-over-year).
- 2017: Revenue of $36K, expenses of $37K, and assets of $15K (revenue +5.9% year-over-year).
- 2016: Revenue of $34K, expenses of $36K, and assets of $16K (revenue -1.2% year-over-year).
- 2015: Revenue of $35K, expenses of $35K, and assets of $11K (revenue +8.2% year-over-year).
- 2014: Revenue of $32K, expenses of $33K, and assets of $18K (revenue -25.7% year-over-year).
- 2013: Revenue of $43K, expenses of $44K, and assets of $21K (revenue +1.8% year-over-year).
- 2012: Revenue of $42K, expenses of $43K, and assets of $24K (revenue -0.7% year-over-year).
- 2011: Revenue of $43K, expenses of $42K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Financial Managers Association:
Data Sources and Methodology
This transparency report for Lutheran Financial Managers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.