FREMONT CHARITABLE MISSIONS FOUNDA… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

Mike Cook

Phone

5107933575

Tax Period

2024-01-01 to 2024-12-31

FREMONT CHARITABLE MISSIONS FOUNDATION, founded in 2001, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 3750% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 70% operating margin.

Mission

Support programs of Centerville Presbyterian Church and other Christ-centered ministries and missions as designated by the Board of Directors.

Program Service Accomplishments

Program 1

Expenses: $118,316 Revenue: $0

Provided grants to Centerville Presbyterian Church to support the General Program.

Program 2

Expenses: $236,632 Revenue: $0

Provided grants to Centerville Presbyterian Church to support the Missions Program.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,202,700

Program Service Revenue $0

Investment Income $451,734

Other Revenue $0

TOTAL REVENUE $1,654,434

Expense Breakdown

Grants Paid $354,948

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,948

Other Expenses $133,917

TOTAL EXPENSES $488,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,654,434	$42,970	+37.5%
Expenses	$488,865	$65,007	+6.5%
Net Income	$1,165,569	$-22,037	-53.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Cook	President	2.0	Officer Director	$0	$0	$0
Matthew Jue	Treasurer	2.0	Officer Director	$0	$0	$0
Mark Fowler	Secretary	0.1	Officer Director	$0	$0	$0
Carolyn Anderson	Director	0.25	Director	$0	$0	$0
Dominic Dutra	Director	0.1	Director	$0	$0	$0
Janet Goodman	Director	0.5	Director	$0	$0	$0
Ned Rendell	Director	0.5	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	$1,654,434	$488,865	$4,697,636	$1,165,569
2023	$42,970	$65,007	$3,254,918	$-22,037
2022	$17,440	$336,385	$3,124,532	$-318,945
2021	$159,305	$532,077	$3,636,744	$-372,772
2020	$171,821	$776,662	$3,873,049	$-604,841

FREMONT CHARITABLE MISSIONS FOUNDATION