United Faith Pentecostal Church

EIN: 411840840 501(c)(3) Religion

Minneapolis, MN

Total Revenue
$462,192
Total Expenses
$336,122
Total Assets
$2,202,351
Net Assets
$733,087
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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
1996
Legal Domicile
MN
Principal Officer
Norman W Parker Sr
Phone
6125216965
Tax Period
2024-01-01 to 2024-12-31

United Faith Pentecostal Church, founded in 1996, is a small nonprofit in the Religion sector that reported $462K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 27% operating margin.

Mission

Religious and community organization

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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 $462,192
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $462,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,845
Fundraising Expenses $0
Program Expenses $14,622
Other Expenses $279,277
TOTAL EXPENSES $336,122

Year-over-Year Comparison

2024 2023 Change
Revenue $462,192 $298,729 +0.5%
Expenses $336,122 $263,957 +0.3%
Net Income $126,070 $34,772 +2.6%
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
4
Independent Members
N/A
Employees
N/A
Volunteers
23

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
$16,475
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN W PARKER Pastor 30.00
Director
$16,475 $0 $16,475
LYNN BRACKETT Financial Secretary 0.00
Director
$0 $0 $0
ROBERT WILLIAMS Board Member 10.00
Director
$0 $0 $0
JOYCE BULLOCK Treasurer 5.00
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 $462,192 $336,122 $2,202,351 $126,070
2023 $298,729 $263,957 No data $34,772
2022 $295,239 $254,343 $156,251 $40,896
2021 $285,687 $187,879 $135,365 $97,808
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