EXALT CHURCH INC

EIN: 320517980 501(c)(3) Religion

CHESAPEAKE, VA

Total Revenue
$387,889
Total Expenses
$260,344
Total Assets
$683,429
Net Assets
$681,703
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
ROGER PETTAY
Phone
7576723200
Tax Period
2023-01-01 to 2023-12-31

EXALT CHURCH INC, founded in 2017, is a small nonprofit in the Religion sector that reported $253K in total revenue in fiscal year 2019. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 39% operating margin.

Mission

TO PROVIDE RELIGIOUS TEACHING, FELLOWSHIP AND WORSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $377,651
Program Service Revenue $0
Investment Income $10,238
Other Revenue $0
TOTAL REVENUE $387,889

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,424
Fundraising Expenses $143
Program Expenses $208,031
Other Expenses $151,920
TOTAL EXPENSES $260,344

Year-over-Year Comparison

2023 2022 Change
Revenue $387,889 $403,481 0.0%
Expenses $260,344 $250,637 +0.0%
Net Income $127,545 $152,844 -0.2%
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

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Governance

Voting Members
3
Independent Members
2
Employees
5
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
0
$0
Total Directors
2
$0
Key Employees
1
$8,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER PETTAY DIRECTOR/LEAD PASTOR 060.00
Key Emp
$8,400 $0 $8,400
DAVID GADBERRY DIRECTOR 001.00
Director
$0 $0 $0
JOHN WAGLER DIRECTOR 001.00
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 $387,889 $260,344 $683,429 $127,545
2022 $403,481 $250,637 $555,849 $152,844
2021 $362,352 $235,258 $398,933 $127,094
2020 $274,425 $180,847 $294,548 $93,578
2019 $252,541 $152,929 $206,070 $99,612
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