FINISTERRE VISION

EIN: 274251733 501(c)(3) Religion

GILBERT, AZ

Total Revenue
$730,320
Total Expenses
$905,562
Total Assets
$422,422
Net Assets
$416,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
AZ
Principal Officer
SCOTT MAXWELL
Phone
4807885694
Tax Period
2023-01-01 to 2023-12-31

FINISTERRE VISION, founded in 2010, is a small nonprofit in the Religion sector that reported $730K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $906K exceeded revenue, resulting in a 24% operating deficit.

Mission

IT IS OUR VISION TO SEE LOCAL CHURCHES WORK TOGETHER TO ESTABLISH GOD-GLORIFYING CHURCHES THAT ARE SELF-GOVERNING, SELF-SUPPORTING, AND SELF-PROPAGATING IN EVERY PEOPLE GROUP IN THE FINISTERRE MOUNTAINS IN PAPUA-NEW GUINEA.

Program Service Accomplishments

Program 1
Expenses: $663,208 Revenue: $17,465

FINISTERRE BEGAN THE RESTAFFING OF ITS FIELD OFFICE IN MADANG PNG. A FULL-TIME FIELD DIRECTOR ARRIVED IN THE FIRST HALF OF 2023. MORE FIELD OFFICE STAFF WERE IDENTIFIED IN 2023 AND WILL ARRIVE IN...

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FINISTERRE BEGAN THE RESTAFFING OF ITS FIELD OFFICE IN MADANG PNG. A FULL-TIME FIELD DIRECTOR ARRIVED IN THE FIRST HALF OF 2023. MORE FIELD OFFICE STAFF WERE IDENTIFIED IN 2023 AND WILL ARRIVE IN MADANG IN 2024, LORD WILLING. OUR FIELD OFFICE PERSONNEL ARE ESSENTIAL FOR SUPPORTING TRIBAL CHURCH PLANTING TEAMS IN THE FINISTERRE MOUNTAINS OF PNG. MINISTRY PARTNERSHIPS IN PNG WHICH ASSIST OUR MINISTRY EFFORTS THERE WERE REESTABLISHED AND STRENGTHENED. FINISTERRE IS WELL POSITIONED WITH THESE VITAL PARTNERSHIPS IN 2023 TO HAVE FRUITFUL MINISTRY BOTH IN THE MADANG REGION AND IN THE FINISTERRE MOUNTAINS. MORE US CHURCH AND MINISTRY ALLIANCES WERE DEVELOPED IN 2023 TO HELP FINISTERRE MISSIONARIES OVERCOME THE SIGNIFICANT OBSTACLES THEY FACE IN BRINGING THE GOSPEL TO UNREACHED LANGUAGE GROUPS IN PNG. SPECIFICALLY, MISSIONARY HOUSE BUILDING LEADERSHIP TEAMS WERE INITIATED IN TEXAS, AND US AVIATION RECRUITMENT FOR AVIATION MINISTRY IN PNG WAS INITIATED AS WELL. FINISTERRE IS WELL POSITIONED TO HELP TRIBAL MISSIONARY TEAMS GET INTO AND REMAIN IN UNREACHED LANGUAGE GROUPS IN PNG.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $697,696
Program Service Revenue $4,617
Investment Income $28,007
Other Revenue $0
TOTAL REVENUE $730,320

Expense Breakdown

Grants Paid $33,442
Salaries & Benefits $510,053
Fundraising Expenses $67,638
Program Expenses $663,208
Other Expenses $362,067
TOTAL EXPENSES $905,562

Year-over-Year Comparison

2023 2022 Change
Revenue $730,320 $988,137 -0.3%
Expenses $905,562 $913,311 0.0%
Net Income $-175,242 $74,826 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
8
Volunteers
4

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
2
$214,233
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT MAXWELL PRESIDENT 040.00
Officer
$87,650 $22,560 $110,210
JEREMY LEHMAN TREASURER 040.00
Officer
$72,245 $31,778 $104,023
ANDREW YATES DIRECTOR 002.00
Director
$0 $0 $0
PHILLIP SMITH DIRECTOR 002.00
Director
$0 $0 $0
STEPHEN KOVACH DIRECTOR SINCE 4/24/23 002.00
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
2024 No data No data No data No data
2023 $730,320 $905,562 $422,422 $-175,242
2022 $988,137 $913,311 $605,137 $74,826
2021 $693,145 $706,422 $537,786 $-13,277
2020 $740,616 $646,780 $542,018 $93,836
2019 $633,250 $707,645 $455,478 $-74,395
2018 $602,931 $352,865 $530,231 $250,066
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