DIOCESE OF IKOT EKPENE OFFICE FOR THE MISSIONS USA (EIN 453124300) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

REV AKAN SIMON

Phone

8155088866

Tax Period

2024-01-01 to 2024-12-31

DIOCESE OF IKOT EKPENE OFFICE FOR THE MISSIONS USA, founded in 2011, is a small nonprofit in the Human Services sector that reported $305K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $351K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE FOR HUMAN DEVELOPMENT THROUGH PHYSICAL, EDUCATIONAL, SPIRITUAL AND RELIGIOUS WELFARE OF THE PEOPLE

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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 $305,178

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $305,178

Expense Breakdown

Grants Paid $350,621

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $351,131

Other Expenses $510

TOTAL EXPENSES $351,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,178	$540,156	-0.4%
Expenses	$351,131	$520,735	-0.3%
Net Income	$-45,953	$19,421	-3.4%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV AKAN SIMON	PRESIDENT	25.00	Officer	$0	$0	$0
KIMBERLY KOECHLY	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE RICHTER	TREASURER	1.00	Officer	$0	$0	$0
WILLIAM SKOK	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE GENOT	SECRETARY	24.00	Officer	$0	$0	$0
FR JOSEPH EKPO	VICE PRESIDENT	1.00	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
2024	$305,178	$351,131	$143,943	$-45,953
2023	$540,156	$520,735	$189,896	$19,421
2022	$303,857	$268,448	$170,475	$35,409
2021	$500,453	$475,044	$135,066	$25,409
2020	$200,830	$269,019	$109,657	$-68,189
2019	$509,054	$331,208	$177,846	$177,846

DIOCESE OF IKOT EKPENE OFFICE FOR THE MISSIONS USA