PURPOSE OF CHRIST MINISTRIES FIRE B

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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

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

Program Service Accomplishments

Program 1

Expenses: $240,673 Revenue: $326,496

THE ENTITY WAS ABLE TO REVAMP THE YOUTH PROGRAM THROUGH SUMMER CAMP PROGRAM AND SETTING UP ADOLESCENSE CRISIS INTERVENTON PROGRAMS. KEEPING YOUTHS INTERESTED IN SCHOOL BY PROVIDING TUTORIAL PROGRAMS THAT HELP WITH HOMEWORK AND OTHER SCHOOL ACTIVITIES.SETS UP SPORTS ACTIVITIES FOR YOUTHS. REACHING OUT TO FAMILIES IN NEED THE ENTITY CONTINUE TO SPEND MORE MONEY ON THE YOUTH PROGRAMS TO BRING ABOUT PRODUCTIVE AND WELL BEHAVED ADULTS

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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 $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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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