New Oil Christian Center (EIN 264556121) - 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

2009

Legal Domicile

Principal Officer

Bruce Carptenter

Phone

6124140124

Tax Period

2024-01-01 to 2024-12-31

New Oil Christian Center, founded in 2009, is a small nonprofit in the Religion sector that reported $671K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $221K, a strong 33% operating margin.

Mission

To employ and engage in creative ministry providing every opportunity in their experience in Jesus Christ through the power of worship

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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 $342,600

Program Service Revenue $61,788

Investment Income $196,835

Other Revenue $69,796

TOTAL REVENUE $671,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,865

Fundraising Expenses $0

Program Expenses $57,184

Other Expenses $363,052

TOTAL EXPENSES $449,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,019	$772,982	-0.1%
Expenses	$449,917	$731,184	-0.4%
Net Income	$221,102	$41,798	+4.3%

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

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

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE C CARPENTER	Pastor	40.00	Director	$25,000	$0	$25,000
JOHN FOUNTAIN	Trustee	5.00	Director	$0	$0	$0
BRENDA C CARPENTER	Trustee	20.00	Director	$0	$0	$0
MITZEE CAMPBELL	Treasurer	7.00	Director	$0	$0	$0
ELSIE PEELER	Board Trustee	5.00	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	$1,001,121	$879,313	$4,805,142	$121,808
2024	$671,019	$449,917	$3,404,942	$221,102
2023	$879,919	$836,162	$4,372,786	$43,757
2022	$1,905,395	$1,657,941	$4,686,786	$247,454
2021	$631,085	$544,330	$2,176,692	$86,755
2020	$361,703	$325,749	$1,979,162	$35,954
2019	$1,513,364	$340,610	$2,014,340	$1,172,754
2018	$344,976	$336,249	$1,218,319	$8,727

New Oil Christian Center