World Olivet Assembly (EIN 461616553) - 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

Marian Spisak

Tax Period

2022-02-01 to 2023-01-31

World Olivet Assembly, founded in 2012, is a mid-sized nonprofit in the Religion sector that reported $17.2M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.7M, a strong 16% operating margin.

Mission

An association of churches organized exclusively for religious and religious churches

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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 $15,442,048

Program Service Revenue $570,000

Investment Income $24

Other Revenue $1,196,592

TOTAL REVENUE $17,208,664

Expense Breakdown

Grants Paid $4,529,995

Salaries & Benefits $666,717

Fundraising Expenses $259,641

Program Expenses $7,544,636

Other Expenses $9,315,127

TOTAL EXPENSES $14,511,839

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,208,664	$20,041,957	-0.1%
Expenses	$14,511,839	$19,890,260	-0.3%
Net Income	$2,696,825	$151,697	+16.8%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marian Spisak	Executive Dir.	40.00	Officer	$50,000	$0	$50,000
Chunmei Fu	Associate Pasto	40.00	Officer	$25,000	$0	$25,000
Alma Osorio	Trustee	1.00	Director	$0	$0	$0
David Chang	Chairman	10.00	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
2023	$17,208,664	$14,511,839	$91,611,996	$2,696,825
2022	$20,041,957	$19,890,260	$85,253,007	$151,697
2021	$19,940,573	$14,398,475	$79,385,936	$5,542,098
2020	$17,699,333	$13,591,850	$64,566,989	$4,107,483
2019	$16,262,364	$11,180,459	$51,135,067	$5,081,905

World Olivet Assembly