New Salem Missionary Baptist Church

EIN: 411170020 501(c)(3) Religion

Minneapolis, MN

Total Revenue
$641,573
Total Expenses
$602,479
Total Assets
$1,259,038
Net Assets
$278,259
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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
1969
Legal Domicile
MN
Principal Officer
Willie Griffin
Phone
6125222951
Tax Period
2024-01-01 to 2024-12-31

New Salem Missionary Baptist Church, founded in 1969, is a small nonprofit in the Religion sector that reported $642K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $602K left a modest 6% surplus.

Mission

We the members of New Salem Missionary Baptist Church being disciples of Jesus Christ commit to provide spiritual healing to a troubled sp

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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 (2024)

Revenue Breakdown

Contributions & Grants $405,476
Program Service Revenue $170,097
Investment Income $0
Other Revenue $66,000
TOTAL REVENUE $641,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,495
Fundraising Expenses $0
Program Expenses $164,440
Other Expenses $401,984
TOTAL EXPENSES $602,479

Year-over-Year Comparison

2024 2023 Change
Revenue $641,573 $468,081 +0.4%
Expenses $602,479 $489,753 +0.2%
Net Income $39,094 $-21,672 -2.8%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
34

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
4
$0
Key Employees
1
$110,735
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY MCAFEE Pastor 40.00
Key Emp
$110,735 $0 $110,735
WILLIE GRIFFIN Trustee President 0.00
Director
$0 $0 $0
SHUNDA HOLLIE Secretary 10.00
Director
$0 $0 $0
MARVIN CLARK Board Member 10.00
Director
$0 $0 $0
LELIA WHITE Board Member 4.00
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
2025 No data No data No data No data
2024 $641,573 $602,479 $1,259,038 $39,094
2023 $468,081 $489,753 $1,255,544 $-21,672
2022 $541,390 $1,404,842 $1,254,880 $-863,452
2021 $532,283 $521,930 $1,011,537 $10,353
2020 $424,342 $395,774 $1,087,800 $28,568
2019 $506,018 $476,618 $1,252,458 $29,400
2018 $526,018 $512,169 $979,063 $13,849
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