IGLESIA PALABRA DE FE DE SHERMAN

EIN: 464481825 501(c)(3) Religion

Sherman, TX

Total Revenue
$112,347
Total Expenses
$114,370
Total Assets
$570,677
Net Assets
$402,712
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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
2015
Legal Domicile
TX
Principal Officer
VALENTIN SALINAS
Phone
9033275527
Tax Period
2025-01-01 to 2025-12-31

IGLESIA PALABRA DE FE DE SHERMAN, founded in 2015, is a small nonprofit in the Religion sector that reported $112K in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $403K represent 43 months of operating reserves.

Mission

CHRISTIAN CHURCH REACHING OUT TO THE MEMBERS AND COMMUNITY FOR GOD

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $112,347
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $112,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,527
Fundraising Expenses $0
Program Expenses $9,936
Other Expenses $80,464
TOTAL EXPENSES $114,370

Year-over-Year Comparison

2025 2024 Change
Revenue $112,347 $207,918 -0.5%
Expenses $114,370 $175,606 -0.3%
Net Income $-2,023 $32,312 -1.1%
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

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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
0
$0
Total Directors
3
$26,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALENTIN SALINAS SENIOR PASTOR 40.00
Director
$26,500 $0 $26,500
KEITH BURGOS DIRECTOR 10.00
Director
$0 $0 $0
VALENTIN JR SALINAS DIRECTOR 20.00
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
2025 $112,347 $114,370 $570,677 $-2,023
2024 No data No data No data No data
2023 $90,619 $88,884 $557,779 $1,735
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