FORMOSA CHRISTIAN MISSION INC

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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

1968

Legal Domicile

Principal Officer

Ted Skiles

Phone

3038591022

Tax Period

2022-01-01 to 2022-12-31

FORMOSA CHRISTIAN MISSION INC, founded in 1968, is a micro nonprofit in the Religion sector that reported $23K in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 73% operating deficit.

Mission

Religious teaching to children in the Home of God's Love and teaching them about Jesus, helping at the church and Christian Bookstore; benevolence-caring for needing children in the Home of God's Love, helping poorer people in the community.

Program Service Accomplishments

Program 1

Expenses: $35,800 Revenue: $0

Compensation of the director: Ted and Bev Skiles direct the Home of God's Love in Taiwan. Most of their time is spent working with the children, but some of their time is spent with the Good News...

Compensation of the director: Ted and Bev Skiles direct the Home of God's Love in Taiwan. Most of their time is spent working with the children, but some of their time is spent with the Good News Church and Christian Bookstore.

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,527

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,800

Fundraising Expenses $0

Program Expenses $38,909

Other Expenses $3,109

TOTAL EXPENSES $38,909

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,527	$62,275	-0.6%
Expenses	$38,909	$36,872	+0.1%
Net Income	$-16,382	$25,403	-1.6%

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

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

$35,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Skiles	Director President	80	Officer	$35,800	$0	$35,800
Daniel Schulte	Vice President	0	Officer	$0	$0	$0
Charlotte and Steve Lang	Secretary Treasurer	0	Officer	$0	$0	$0
Don Steen	Board Member	0	Officer	$0	$0	$0
Ron Buster	Board Member	0	Officer	$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
2022	$22,527	$38,909	$136,610	$-16,382
2021	$62,275	$36,872	$152,992	$25,403
2020	$96,596	$38,630	$127,589	$57,966
2019	$116,308	$386,453	$69,623	$-270,145