FRIENDS OF GROVE CITY CHURCH OF THE NAZARENE (EIN 274297972) - 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

2010

Legal Domicile

Principal Officer

HOMER R MCKNIGHT

Phone

6148751689

Tax Period

2023-01-01 to 2023-06-30

FRIENDS OF GROVE CITY CHURCH OF THE NAZARENE, founded in 2010, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 1011% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR PURPOSES OF PROVIDING PUBLIC SUPPORT TO INCREASE, IMPROVE AND DEVELOP RESOURCES IN FURTHERANCE OF THE TAX EXEMPT PURPOSES OF GROVE CITY CHURCH OF THE NAZARENE, A CHRISTIAN CHURCH EXEMPT UNDER IRC SECTION 501(C)(3).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,600

Expense Breakdown

Grants Paid $175,898

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $195,511

Other Expenses $19,613

TOTAL EXPENSES $195,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,600	$80,853	-0.8%
Expenses	$195,511	$51,668	+2.8%
Net Income	$-177,911	$29,185	-7.1%

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

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
HOMER R MCKNIGHT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN HANSHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID K MCKNIGHT	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
ROGER V HOWARD	DIRECTOR	1.00	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
2023	$17,600	$195,511	No data	$-177,911
2022	$80,853	$51,668	$269,888	$29,185
2021	$78,653	$23,121	$275,711	$55,532
2020	$85,826	$21,494	$286,958	$64,332
2019	$128,589	$70,029	$282,424	$58,560
2018	$180,304	$370,761	$390,101	$-190,457

FRIENDS OF GROVE CITY CHURCH OF THE NAZARENE