THE APOSTOLIC CHURCH (EIN 204833248) - 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

1996

Legal Domicile

Principal Officer

BERNARD OGUNLANA

Phone

7088337031

Tax Period

2024-01-01 to 2024-12-31

THE APOSTOLIC CHURCH, founded in 1996, is a micro nonprofit in the Religion sector that reported $40K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 51% operating deficit.

Mission

ASSIST LOW INCOME EARNERS IN APPLYING AND OBTAINING HOME ENERGY ASSISTANCE FROM CEDA PROGRAM

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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 $40,372

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,905

Other Expenses $60,905

TOTAL EXPENSES $60,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,372	$53,583	-0.2%
Expenses	$60,905	$49,906	+0.2%
Net Income	$-20,533	$3,677	-6.6%

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

N/A

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
JOHN BUCKLEY	PRESIDENT	20.00	Director	$0	$0	$0
EARL GASKIN	SECRETARY	20.00	Director	$0	$0	$0
BERNARD OGUNLANA	DIRECTOR	40.00	Officer Director	$0	$0	$0
BOLA MACARTHY	DIRECTOR	0.00	Director	$0	$0	$0
YEMI FATOKI	DIRECTOR	0.00	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
2025	No data	No data	No data	No data
2024	$40,372	$60,905	$8,551	$-20,533
2023	$53,583	$49,906	$9,083	$3,677
2022	$58,153	$68,702	$14,992	$-10,549
2021	$30,733	$29,159	$6,934	$1,574
2020	$38,172	$38,224	$5,028	$-52
2019	$46,695	$44,414	$7,352	$2,281
2018	$34,753	$37,325	$7,120	$-2,572

THE APOSTOLIC CHURCH