Friends of the Great Commission

EIN: 465506318 501(c)(3) Religion

Colorado Springs, CO

Total Revenue
$8,048,987
Total Expenses
$7,783,430
Total Assets
$2,271,277
Net Assets
$1,922,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CO
Phone
8555738483
Tax Period
2024-01-01 to 2024-12-31

Friends of the Great Commission, founded in 2014, is a community nonprofit in the Religion sector that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 3% surplus.

Mission

To simplify ministry and mission by providing donor, admin, and compliance expertise.

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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 $7,660,807
Program Service Revenue $315,458
Investment Income $70,908
Other Revenue $1,814
TOTAL REVENUE $8,048,987

Expense Breakdown

Grants Paid $5,328,785
Salaries & Benefits $434,682
Fundraising Expenses $153,871
Program Expenses $6,943,569
Other Expenses $2,019,963
TOTAL EXPENSES $7,783,430

Year-over-Year Comparison

2024 2023 Change
Revenue $8,048,987 $5,634,560 +0.4%
Expenses $7,783,430 $5,253,563 +0.5%
Net Income $265,557 $380,997 -0.3%
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
5
Independent Members
4
Employees
5
Volunteers
5

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
3
$149,079
Total Directors
5
$149,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KR Davidson President & CEO 8.0
Officer Director
$0 $11,103 $149,079
Norm Schulz Chairman 1.0
Officer Director
$0 $0 $0
David Anderson Member at large 1.0
Director
$0 $0 $0
Nester Turczan Member at large 1.0
Director
$0 $0 $0
Stuart Rempel Member at large/Founder 1.0
Director
$0 $0 $0
Hugh Jones Board Secretary, Legal Counsel 1.0
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
2024 $8,048,987 $7,783,430 $2,271,277 $265,557
2023 $5,634,560 $5,253,563 $1,854,041 $380,997
2022 $3,886,727 $3,886,396 $2,227,072 $331
2021 $3,010,066 $3,244,212 $1,315,214 $-234,146
2020 $2,655,058 $1,316,121 $1,552,327 $1,338,937
2019 $831,677 $739,257 $212,074 $92,420
2018 $575,084 $535,123 $96,076 $39,961
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