REMNANT CHURCH OF SARASOTA INC (EIN 475172412) - Form 990 Financial Analysis & Trantor Score

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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

FRANK E BURNS

Phone

9419937909

Tax Period

2024-01-01 to 2024-12-31

REMNANT CHURCH OF SARASOTA INC, founded in 2015, is a small nonprofit in the Religion sector that reported $520K in total revenue in fiscal year 2024.

Mission

HELP PEOPLE OF ALL DENOMINATIONS DISCOVER, SURRENDER TO AND SERVE JESUS, AND TO SERVE OUR COMMUNITY.

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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 $406,096

Program Service Revenue $113,809

Investment Income $9

Other Revenue $0

TOTAL REVENUE $519,914

Expense Breakdown

Grants Paid $36,250

Salaries & Benefits $110,732

Fundraising Expenses $0

Program Expenses $143,849

Other Expenses $397,391

TOTAL EXPENSES $544,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,914	$486,808	+0.1%
Expenses	$544,373	$445,509	+0.2%
Net Income	$-24,459	$41,299	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK E BURNS	President	20.00	Officer Director	$0	$0	$0
GRAYSON ARRANT	Vice President	20.00	Officer Director	$0	$0	$0
THOMAS A MALAK	Treasurer	20.00	Officer Director	$0	$0	$0
TAMMY BURNS	Director	20.00	Officer 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	$519,914	$544,373	$606,097	$-24,459
2023	$486,808	$445,509	$643,145	$41,299
2022	$217,881	$208,588	$655,130	$9,293
2021	$292,050	$283,415	$548,469	$8,635
2020	$203,234	$225,146	$541,624	$-21,912
2019	$215,773	$266,377	$563,568	$-50,604
2018	$362,310	$279,363	$610,974	$82,947

REMNANT CHURCH OF SARASOTA INC