JACKSON, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOSSORES, founded in 2018, is a small nonprofit in the Religion sector that reported $198K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 17% operating deficit.
FOSSORES PROVIDES TRAINING, COACHING, AND RESOURCES TO PASTORS.
THE ORGANIZATION PROVIDES TRAINING, COACHING, AND RESOURCES TO PASTORS. THIS INCLUDES ACCESS TO MINISTERIAL MATERIALS, GROUP COHORTS, VARIOUS RETREATS, AND OTHER RESOURCES TO GUIDE, TEACH, AND...
THE ORGANIZATION PROVIDES TRAINING, COACHING, AND RESOURCES TO PASTORS. THIS INCLUDES ACCESS TO MINISTERIAL MATERIALS, GROUP COHORTS, VARIOUS RETREATS, AND OTHER RESOURCES TO GUIDE, TEACH, AND INSPIRE INDIVIDUALS INVOLVED IN THE PASTORAL SECTOR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $198,133 | $315,338 | -0.4% |
| Expenses | $232,777 | $281,196 | -0.2% |
| Net Income | $-34,644 | $34,142 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR DAVID MCDONALD | FOUNDER | 40.00 |
Officer
Director
|
$33,200 | $0 | $33,200 |
| GREG GALLAGHER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOREN KERNS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH KIRCHMEIER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN PHILLIPS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVE WAHLSTEDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $198,133 | $232,777 | $473,466 | $-34,644 |
| 2023 | $315,338 | $281,196 | $492,953 | $34,142 |
| 2022 | $188,652 | $211,564 | $507,644 | $-22,912 |
| 2021 | $180,128 | $119,422 | $512,596 | $60,706 |
Compare FOSSORES with other nonprofits in Michigan and across the country.