FAITH TABERNACLE COMMUNITY CHURCH INC (EIN 223802963) - 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

2001

Legal Domicile

Principal Officer

HORACE PRITCHETT

Phone

8568814881

Tax Period

2024-01-01 to 2024-12-31

FAITH TABERNACLE COMMUNITY CHURCH INC, founded in 2001, is a small nonprofit in the Religion sector that reported $197K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $509K represent 31 months of operating reserves.

Mission

TO GLORIFY GOD, EDIFY THE SAINTS, AND EVANGELIZE THE LOST. TO EFFECTIVELY MINISTER TO PEOPLE OF ALL NATIONS THROUGH THE WORD OF GOD AND COMMITTED LEADERSHIP TO ULTIMATELY CHANGE THE WORLD ONE LIFE AT A TIME. WE ARE COMMITTED TO FULFILLING THE GREAT COMMISSION AS SET BY JESUS.

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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 $196,554

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $196,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,356

Other Expenses $211,356

TOTAL EXPENSES $211,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,554	$217,973	-0.1%
Expenses	$211,356	$180,242	+0.2%
Net Income	$-14,802	$37,731	-1.4%

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

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
HORACE PRITCHETT	PASTOR	15.00	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	$196,554	$211,356	$1,076,961	$-14,802
2023	$217,973	$180,242	$1,124,918	$37,731
2022	$232,990	$291,390	$1,169,266	$-58,400
2021	$284,624	$297,996	$1,227,623	$-13,372
2020	$257,622	$158,254	$1,250,384	$99,368
2019	$201,796	$200,575	$1,154,687	$1,221
2018	$375,969	$295,601	$1,185,972	$80,368

FAITH TABERNACLE COMMUNITY CHURCH INC