CHRIST PEACE HERITAGE MINISTRIES

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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

2017

Legal Domicile

Principal Officer

RICHARD SOGUNLE

Phone

7207895475

Tax Period

2024-01-01 to 2024-12-31

CHRIST PEACE HERITAGE MINISTRIES, founded in 2017, is a small nonprofit in the Religion sector that reported $212K in total revenue in fiscal year 2024. The organization ran a surplus of $60K, a strong 29% operating margin.

Mission

TO PROPAGATE THE GOOD NEWS OF SALVATION THROUGH THE GOSPEL OF JESUS CHRIST PREPARE AND EQUIP MEMBERS FOR GODS KINGDOM SERVICE DEMONSTRATE GODS LOVE THROUGH PRACTICAL ASSISTANCE AND POSITIVELY IMPACT THE SURROUNDING COMMUNITIES IN COLORADO

Program Service Accomplishments

Program 1

EXPANDED CONGREGATIONAL BENEVOLENCE - TO PROVIDE ASSISTANCE TO COMMUNITIES EXPERIENCING ECONOMIC, FINANCIAL HARDSHIP AND OTHER EMERGENCIES AND LIFE EXPERIENCES

Program 2

Expenses: $5,106

ONGOING ASSISTANCE TO MEMBERS AND NEEDY FAMILIES IN ORDER TO MEET REQUESTS TO ADDRESS EMERGENCIES, SUCH AS HOUSING ASSISTANCE, PAYMENT OF RENT AND UTILITIES,AMONG OTHERS.

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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 $212,036

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,036

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,106

Other Expenses $151,302

TOTAL EXPENSES $151,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,036	$209,286	+0.0%
Expenses	$151,552	$207,385	-0.3%
Net Income	$60,484	$1,901	+30.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SOGUNLE	SNR PASTOR/BOARD MEMBER	040.00	Officer Director	$0	$0	$0
KAYODE JOLAOSO	ELDER/BOARD MEMBER	000.42	Director	$0	$0	$0
OLADUNNI OKUBANJO	ELDER/BOARD MEMBER	000.42	Director	$0	$0	$0
JOHN ABOLAJI	BOARD MEMBER	000.42	Director	$0	$0	$0
WALE AKINDE	BOARD MEMBER	000.42	Director	$0	$0	$0
INI OYE	BOARD MEMBER	006.67	Director	$0	$0	$0
ADEBIMPE SOGUNLE	BOARD MEMBER	000.42	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	$212,036	$151,552	$325,079	$60,484
2023	$209,286	$207,385	$524,915	$1,901