Freeport Bible Center Inc

EIN: 112848912 501(c)(3)

FREEPORT, NY

Total Revenue
$3,030,912
Total Expenses
$3,091,611
Total Assets
$4,707,679
Net Assets
$4,555,519
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
Carlos L Vargas
Phone
5165462020
Tax Period
2024-01-01 to 2024-12-31

Freeport Bible Center Inc, founded in 2003, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Spread the Gospel of Jesus Christ. -Church

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,030,912
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,030,912

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,111
Fundraising Expenses $0
Program Expenses $3,032,996
Other Expenses $2,851,500
TOTAL EXPENSES $3,091,611

Year-over-Year Comparison

2024 2023 Change
Revenue $3,030,912 $3,531,772 -0.1%
Expenses $3,091,611 $3,122,065 0.0%
Net Income $-60,699 $409,707 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
32
Volunteers
6

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
$93,470
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carlos L Vargas President 60.00
Officer
$93,470 $0 $93,470
Evelyn Vargas Vice President 25.00
Officer
$0 $0 $0
Tito Mattei Board Secretary 10.00
Officer
$0 $0 $0
Juan Rodriguez Board Member 10.00
Key Emp
$0 $0 $0
Jose Liz Trustee 10.00
Key Emp
$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 $3,030,912 $3,091,611 $4,707,679 $-60,699
2023 $3,531,772 $3,122,065 $4,768,378 $409,707
2022 $3,017,105 $2,869,152 $4,272,554 $147,953
2021 $2,667,487 $2,438,829 $4,188,927 $228,658
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Freeport Bible Center Inc with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.