PURPOSE OF CHRIST MINISTRIES FIRE B

EIN: 522272308 501(c)(3) Religion

DISTRICT HEIGHTS, MD

Total Revenue
$326,496
Total Expenses
$240,673
Total Assets
$165,289
Net Assets
$165,289
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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
2001
Legal Domicile
MD
Tax Period
2024-01-01 to 2024-12-31

PURPOSE OF CHRIST MINISTRIES FIRE B, founded in 2001, is a small nonprofit in the Religion sector that reported $326K in total revenue in fiscal year 2024. The organization ran a surplus of $86K, a strong 26% operating margin.

Mission

THE MISSION OF PURPOSE OF CHRIST MINISTRIES IS TO BRING FAMILY TO THE KNOWLEDGE OF CHRIST USING THE WORD OF GOD FROM THE HOLY BOOK- THE BIBLE

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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 $326,496
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $326,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $240,673
Other Expenses $240,673
TOTAL EXPENSES $240,673

Year-over-Year Comparison

2024 2023 Change
Revenue $326,496 N/A N/A
Expenses $240,673 N/A N/A
Net Income $85,823 N/A N/A
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
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FOLAKE BALOGUN SR PASTOR 55.00
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
2024 $326,496 $240,673 $165,289 $85,823
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