FIRST CONGREGATIONAL CHURCH ENDOWM… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

BRENNAN HAWORTH

Phone

9203809960

Tax Period

2024-10-01 to 2025-09-30

FIRST CONGREGATIONAL CHURCH ENDOWMENT TRUST, founded in 1974, is a small nonprofit in the Religion sector that reported $254K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $5.6M represent 264 months of operating reserves.

Mission

PROVIDE FINANCIAL SUPPORT TO ENABLE THE FIRST CONGREGATIONAL CHURCH TO MEET ITS OPERATIONAL AND RELIGOUS ACTIVITIES IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $52,540

APPLIED TOWARDS COMPENSATION OF CHURCH OFFICERS AND COSTS OF SENIOR PASTOR SEARCH/INTERVIEWS AND MISCELLANEOUS ADMINISTRATION FUNCTIONS

Program 2

Expenses: $89,596

USED TO COVER EXPENSES OF ASSORTED MISSION TRIPS FOR BACK BAY MISSION, HS MISSION, KENYA PARTNERSHIP TRIP AND TO ASSIST LOCAL PRGRAMS TO IMPROVE FAMILY NEEDS THROUGH HABITAT FOR HUMANITY, LEAVEN...

USED TO COVER EXPENSES OF ASSORTED MISSION TRIPS FOR BACK BAY MISSION, HS MISSION, KENYA PARTNERSHIP TRIP AND TO ASSIST LOCAL PRGRAMS TO IMPROVE FAMILY NEEDS THROUGH HABITAT FOR HUMANITY, LEAVEN, PILLARS, EMPTY TO FULL PROGRAM

Program 3

Expenses: $57,139

APPLIED TOWARD PARKING UPGRADES, WINDOW REPLACEMENTS AND IMPROVEMENTS, ELECTRICAL UPGRADES AND OTHER MISCELLANEOUS BUILDING MAINTENANCE EXPENSES

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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 $0

Program Service Revenue $0

Investment Income $253,965

Other Revenue $0

TOTAL REVENUE $253,965

Expense Breakdown

Grants Paid $199,275

Salaries & Benefits $15,504

Fundraising Expenses $0

Program Expenses $199,275

Other Expenses $40,165

TOTAL EXPENSES $254,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,965	$308,011	-0.2%
Expenses	$254,944	$184,496	+0.4%
Net Income	$-979	$123,515	-1.0%

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
ROBERT BUCHANAN	INDIVIDUAL TRUSTEE	0.75	Director	$0	$0	$0
JERRY DEES	INDIVIDUAL TRUSTEE	0.25	Director	$0	$0	$0
CHIP GABBEY	INDIVIDUAL TRUSTEE	0.25	Director	$0	$0	$0
JOHN MCFADDEN	INDIVIDUAL TRUSTEE	0.12	Director	$0	$0	$0
JEFF REISTER	INDIVIDUAL TRUSTEE	0.25	Director	$0	$0	$0
CARLA SALMON	INDIVIDUAL TRUSTEE	0.12	Director	$0	$0	$0
PAUL TRIGG	INDIVIDUAL TRUSTEE	0.25	Director	$0	$0	$0
JOE WELLS	INDIVIDUAL TRUSTEE	0.20	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	1.25		$0	$15,504	$15,504

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	$253,965	$254,944	$5,579,985	$-979
2024	$308,011	$184,496	$5,580,964	$123,515
2023	$268,674	$205,660	$5,457,449	$63,014
2022	$347,818	$196,164	$5,394,435	$151,654
2021	$748,965	$189,996	$5,242,781	$558,969
2020	$179,069	$191,601	$4,683,812	$-12,532

FIRST CONGREGATIONAL CHURCH ENDOWMENT TRUST