St Michael Orthodox Church

EIN: 465203882 501(c)(3) Religion

Franklin Lakes, NJ

Total Revenue
$241,620
Total Expenses
$255,886
Total Assets
$4,384,162
Net Assets
$3,079,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
George Zelenin
Phone
2018955359
Tax Period
2024-01-01 to 2024-12-31

St Michael Orthodox Church, founded in 2014, is a small nonprofit in the Religion sector that reported $242K in total revenue in fiscal year 2024. Net assets of $3.1M represent 153 months of operating reserves.

Mission

Christian teaching and Christian discipline, in attaining salvation through the participation in sacraments and Christian enlightenment, worthy life and Christian charity. Accordingly, the immediate aims of the parish shall embrace all parish institutions and social needs; charitable work and educational work in the spirit of the Orthodox Church.

Program Service Accomplishments

Program 1
Expenses: $252,699

Worship in the Orthodox Church take place every Saturday (Vigil) and every Sunday (liturgy) as well as in the days of special religious holidays and memory especially significant for the church of...

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Worship in the Orthodox Church take place every Saturday (Vigil) and every Sunday (liturgy) as well as in the days of special religious holidays and memory especially significant for the church of the saints. Worship consists of reading and singing position in this day of psalms, readings from the holy books of the New and Old Testament priest preaching on topics read sacred texts and Holy Communion during the Liturgyin 2014 land for a new church was purchased. construction costs uncured to build a new church

Program 2

the immediate aims of the parish shall embrace: (a) the care of the church and its adornment; (b) the economic prosperity of the parish and the care of the needs of the church(c) charitable work(d)...

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the immediate aims of the parish shall embrace: (a) the care of the church and its adornment; (b) the economic prosperity of the parish and the care of the needs of the church(c) charitable work(d) educational work in the spirit of the Orthodox Church. in 2014 land was purchased and construction costs uncured to build a new church

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $242,860
Investment Income $-1,240
Other Revenue $0
TOTAL REVENUE $241,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,450
Fundraising Expenses $0
Program Expenses $252,699
Other Expenses $231,436
TOTAL EXPENSES $255,886

Year-over-Year Comparison

2024 2023 Change
Revenue $241,620 $253,263 0.0%
Expenses $255,886 $323,051 -0.2%
Net Income $-14,266 $-69,788 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
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
1
$16,250
Total Directors
2
$16,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Zelenin Archpriest 40.00
Officer Director
$16,250 $0 $16,250
Andrei Logvinenko Diacon 10.00
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
2024 $241,620 $255,886 $4,384,162 $-14,266
2023 $253,263 $323,051 $4,435,815 $-69,788
2022 $503,687 $266,052 $4,541,655 $237,635
2021 $360,382 $255,947 $4,338,640 $104,435
2020 $319,251 $152,409 $4,075,978 $166,842
2019 $278,551 $136,306 $3,300,958 $142,245
2018 $883,588 $139,031 $3,087,209 $744,557
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