AGAPE SOURCE INC (EIN 475677234) - 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

Joel P Ramjohn

Phone

9542005335

Tax Period

2024-10-01 to 2025-09-30

AGAPE SOURCE INC, founded in 2015, is a small nonprofit in the Religion sector that reported $371K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 20% operating margin.

Mission

Agape Source established in 2015 exists to welcome and care for international interns and immigrants in the Orlando area and around the world. Agape Source seeks to help interns and immigrants overcome culture shock through serving the whole person. Organization staff and volunteers follow Christs directive by extending friendship to immigrant populations and working to meet immediate physical needs providing aid for employment challenges and offering spiritual and emotional care.

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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 $372,388

Program Service Revenue $0

Investment Income $13,609

Other Revenue $-15,297

TOTAL REVENUE $370,700

Expense Breakdown

Grants Paid $10,613

Salaries & Benefits $131,414

Fundraising Expenses $41,196

Program Expenses $170,047

Other Expenses $152,809

TOTAL EXPENSES $294,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,700	$237,129	+0.6%
Expenses	$294,836	$276,811	+0.1%
Net Income	$75,864	$-39,682	-2.9%

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

100

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

$123,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tanique Ramjohn	Executive Director	60.00	Officer	$23,365	$28,000	$51,365
Joel Ramjohn	President	60.00	Officer	$41,099	$0	$41,099
Debra Carleton	CFO	20.00	Officer	$30,831	$0	$30,831
Heidy McWhorter Mongeon	Board Chair	10.00	Officer Director	$0	$0	$0
Vanessa Pao	Secretary	10.00	Officer Director	$0	$0	$0
Grandley Rowe	Vice Chair	10.00	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
2025	$370,700	$294,836	$405,774	$75,864
2024	$223,787	$196,130	$322,999	$27,657
2023	$237,129	$276,811	$295,684	$-39,682
2022	$246,888	$266,497	$336,138	$-19,609
2021	$222,831	$209,216	$362,240	$13,615
2020	$549,469	$192,618	$354,097	$356,851
2019	$222,853	$238,895	$15,193	$-16,042

AGAPE SOURCE INC