Iglesia de Dios Pentecostes Buenas Nuevas 8

EIN: 352506411 501(c)(3)

BOAZ, AL

Total Revenue
$538,995
Total Expenses
$634,590
Total Assets
$1,355,127
Net Assets
$442,623
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Principal Officer
Veronica Mendez
Phone
2566775358
Tax Period
2025-01-01 to 2025-12-31

Iglesia de Dios Pentecostes Buenas Nuevas 8, founded in 2019, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue surged 1483% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 52% operating margin.

Mission

Worship God Preach the Gospel Study the Bible.

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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 (2025)

Revenue Breakdown

Contributions & Grants $438,995
Program Service Revenue $0
Investment Income $0
Other Revenue $100,000
TOTAL REVENUE $538,995

Expense Breakdown

Grants Paid $500
Salaries & Benefits $36,400
Fundraising Expenses $0
Program Expenses $0
Other Expenses $597,690
TOTAL EXPENSES $634,590

Year-over-Year Comparison

2025 2024 Change
Revenue $538,995 $1,135,582 -0.5%
Expenses $634,590 $1,127,791 -0.4%
Net Income $-95,595 $7,791 -13.3%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
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
1
$0
Total Directors
1
$36,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Veronica Mendez Church Treasury 2.00
Officer
$0 $0 $0
Josue Gonzalez Senior Pastor 56.00
Director
$36,400 $0 $36,400
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 $538,995 $634,590 $1,355,127 $-95,595
2024 $1,135,582 $1,127,791 $437,818 $7,791
2023 $287,408 $137,856 $487,744 $149,552
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