LIVE58 CHURCH (EIN 205924902) - 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

2020

Legal Domicile

Principal Officer

KENNETH N BURKEY

Phone

9163452187

Tax Period

2022-01-01 to 2022-12-31

LIVE58 CHURCH, founded in 2020, is a small nonprofit in the Religion sector that reported $253K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $304K exceeded revenue, resulting in a 20% operating deficit.

Mission

RELIGIOUS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $253,172

Investment Income $0

Other Revenue $0

TOTAL REVENUE $253,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,686

Fundraising Expenses $0

Program Expenses $303,669

Other Expenses $131,837

TOTAL EXPENSES $303,523

Year-over-Year Comparison

	2022	2021	Change
Revenue	$253,172	$229,740	+0.1%
Expenses	$303,523	$259,934	+0.2%
Net Income	$-50,351	$-30,194	+0.7%

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

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

$159,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BURKEY	VP	40	Officer	$79,500	$0	$79,500
KENNETH N BURKEY	PRES	40	Officer	$79,500	$0	$79,500
RON JACOBS	DIRECTOR	1	Director	$0	$0	$0
MICHAEL MCGUIRE	CFO	1	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
2022	$253,172	$303,523	$32,174	$-50,351
2021	$229,740	$259,934	$83,899	$-30,194

LIVE58 CHURCH