THESSALONIANS HOLINESS CHURCH INC (EIN 222095254) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

KATHY THOMAS

Phone

2014338167

Tax Period

2024-01-01 to 2024-12-31

THESSALONIANS HOLINESS CHURCH INC, founded in 1979, is a micro nonprofit in the Religion sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 441% operating deficit.

Mission

TO PROVIDE RELIGIOUS WORSHIP TO ITS MEMBERSHIP AND RELIGIOUS ACTIVITIES

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,431

Program Service Revenue $0

Investment Income $811

Other Revenue $0

TOTAL REVENUE $4,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,570

Fundraising Expenses $0

Program Expenses $14,840

Other Expenses $7,379

TOTAL EXPENSES $22,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,242	$5,725	-0.3%
Expenses	$22,949	$42,492	-0.5%
Net Income	$-18,707	$-36,767	-0.5%

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

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

$15,570

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMMIE ADDISON	PASTOR ELDER	30.00	Officer	$9,900	$0	$9,900
KATHY THOMAS	ELDER MEMBER	30.00	Officer	$5,670	$0	$5,670
JO ANN MINOR	MEMBER	0.00	Officer	$0	$0	$0
MAINE A ADDISON	MEMBER	0.00	Officer	$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	$4,242	$22,949	$227,275	$-18,707
2021	$7,172	$22,901	$315,187	$-15,729
2020	$260,536	$21,177	$330,917	$239,359
2019	$23,209	$28,691	$907,948	$-5,482
2018	$32,014	$34,491	$909,295	$-2,477

THESSALONIANS HOLINESS CHURCH INC