CHRIST OF FIRST IMPORTANCE MINISTR… - Form 990 Financial Data

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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

Principal Officer

RUTH GRANLUND

Phone

3108713126

Tax Period

2023-07-01 to 2024-06-30

CHRIST OF FIRST IMPORTANCE MINISTRIES, founded in 2015, is a small nonprofit in the Religion sector that reported $217K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $320K exceeded revenue, resulting in a 48% operating deficit.

Mission

CHRIST OF FIRST IMPORTANCE MINISTRIES EXISTS TO STRENGTHEN CHURCHES (INCLUDING PASTORAL TRAINING AND CHURCH PLANTING) AND TO CARE FOR ORPHANS AND VULNERABLE CHILDREN IN SUB-SAHARAN AFRICA AS A MEANS TO MINISTER TO THEIR GREATER NEED OF CHRIST.

Program Service Accomplishments

Program 1

Expenses: $90,813

TRAINING OF INDIGENOUS PASTORS IN ZIMBABWE SO THAT THERE MIGHT BE HEALTHIER CHURCHES IN ZIMBABWE.

Program 2

Expenses: $118,361

PROVIDE BASIC NEEDS, ESPECIALLY FOOD, TO ORPHANS AND VULNERABLE CHILDREN.

Program 3

Expenses: $42,473

SELF-SUSTAINABILITY PROJECTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $216,611

Program Service Revenue $0

Investment Income $113

Other Revenue $0

TOTAL REVENUE $216,724

Expense Breakdown

Grants Paid $303,571

Salaries & Benefits $3,739

Fundraising Expenses $0

Program Expenses $307,310

Other Expenses $12,475

TOTAL EXPENSES $319,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,724	$428,430	-0.5%
Expenses	$319,785	$191,877	+0.7%
Net Income	$-103,061	$236,553	-1.4%

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

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
THOMAS HODZI	VICE PRESIDENT	40.00	Officer	$0	$0	$0
ERIK CHOU	PRESIDENT	0.15	Officer	$0	$0	$0
BOB CHILDRESS	SECRETARY	0.15	Officer	$0	$0	$0
RUTH GRANLUND	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$216,724	$319,785	$308,876	$-103,061
2023	$428,430	$191,877	$411,851	$236,553
2022	$238,863	$171,895	$175,298	$66,968

CHRIST OF FIRST IMPORTANCE MINISTRIES