Sure Foundation Ministries (EIN 455585909) - 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

2012

Legal Domicile

Principal Officer

Joseph Popoola

Phone

9725672203

Tax Period

2024-01-01 to 2024-12-31

Sure Foundation Ministries, founded in 2012, is a small nonprofit in the Religion sector that reported $301K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $774K represent 31 months of operating reserves.

Mission

To serve as a Christian Church in Carrollton, TX

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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 $301,270

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $301,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,798

Fundraising Expenses $0

Program Expenses $284,238

Other Expenses $203,301

TOTAL EXPENSES $298,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,270	$337,888	-0.1%
Expenses	$298,099	$305,658	0.0%
Net Income	$3,171	$32,230	-0.9%

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

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

$91,058

Total Directors

$91,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Popoola	President, Dir.	56.00	Officer Director	$41,000	$50,058	$91,058
Peter Oluwatosin	Secretary, Dir.	7.00	Officer Director	$0	$0	$0
Izegaegbe Asein	Treasurer, Dir.	7.00	Officer 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	$301,270	$298,099	$1,467,768	$3,171
2023	$337,888	$305,658	$1,536,140	$32,230
2022	$372,017	$325,035	$1,513,515	$46,982
2021	$364,319	$227,369	$1,499,487	$136,950
2020	$284,246	$249,749	$1,358,216	$34,497
2019	$311,902	$249,167	$1,309,819	$62,735
2018	$306,259	$363,112	$1,323,318	$-56,853

Sure Foundation Ministries