Abundant Life Worship Center of Spr

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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

Joseph Cancelliere Sr Pastor

Tax Period

2021-01-01 to 2021-12-31

Abundant Life Worship Center of Spr, founded in 2009, is a small nonprofit in the Religion sector that reported $383K in total revenue in fiscal year 2021.

Mission

To spread the love of God and to promote Gods word of divine healing

Program Service Accomplishments

Program 1

Expenses: $394,997 Revenue: $233,126

To spread the love of God and to promote Gods word of divine healing by providing monetary disbursements to Mens, Youth Ministry, Mission and Activities Expense

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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 (2021)

Revenue Breakdown

Contributions & Grants $382,609

Program Service Revenue $0

Investment Income $0

Other Revenue $517

TOTAL REVENUE $383,126

Expense Breakdown

Grants Paid $141,024

Salaries & Benefits $131,290

Fundraising Expenses $0

Program Expenses $394,997

Other Expenses $121,121

TOTAL EXPENSES $394,997

Year-over-Year Comparison

	2021	2020	Change
Revenue	$383,126	$399,852	0.0%
Expenses	$394,997	$542,185	-0.3%
Net Income	$-11,871	$-142,333	-0.9%

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

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

$76,812

Total Directors

Key Employees

$49,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Cancelliere	Senior Pastor	40.00	Officer	$25,650	$51,162	$76,812
Robert Stopielo	Pastor	40.00	Key Emp	$47,000	$2,500	$49,500
Pamela Cancelliere	Office Manager	40.00	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
2021	$383,126	$394,997	$11,938	$-11,871
2020	$399,852	$542,185	$21,047	$-142,333
2019	$592,384	$591,658	$2,029	$726