The Church Initiative Inc

EIN: 561889818 501(c)(3) Religion

Wake Forest, NC

Total Revenue
$7,225,340
Total Expenses
$6,091,873
Total Assets
$7,538,764
Net Assets
$7,438,286
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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
1994
Legal Domicile
NC
Phone
9195622112
Tax Period
2023-07-01 to 2024-06-30

The Church Initiative Inc, founded in 1994, is a community nonprofit in the Religion sector that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

We share Gods comfort with grieving divorced people by inspiring equipping churches to reach and help them

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,874
Program Service Revenue $0
Investment Income $221,848
Other Revenue $6,964,618
TOTAL REVENUE $7,225,340

Expense Breakdown

Grants Paid $22,366
Salaries & Benefits $3,473,410
Fundraising Expenses $0
Program Expenses $5,078,667
Other Expenses $2,596,097
TOTAL EXPENSES $6,091,873

Year-over-Year Comparison

2023 2022 Change
Revenue $7,225,340 $6,092,612 +0.2%
Expenses $6,091,873 $5,076,887 +0.2%
Net Income $1,133,467 $1,015,725 +0.1%
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
8
Independent Members
6
Employees
49
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
8
$912,731
Total Directors
9
$273,504
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN D GRISSOM CEO 15.00
Officer Director
$36,000 $5,987 $41,987
RICHARD W RAGLAND Sr VP 40.00
Officer Director
$189,648 $27,269 $216,917
SAMUEL J HODGES President 40.00
Officer
$141,459 $72,990 $214,449
CHERYL A GRISSOM VP 1.000
Officer Director
$10,608 $3,992 $14,600
JENNA BONNER VP Customer Success 40.00
Officer
$125,404 $25,081 $150,485
JOEL HOPKINS VP Marketing 40.00
Officer
$117,375 $27,673 $145,048
JOSHUA MACFARLANE VP Product Data Tec 40.00
Officer
$115,839 $13,406 $129,245
WILLIAM B DUNN Director 0.200
Director
$0 $0 $0
KIM FAUCETTE Director 0.200
Director
$0 $0 $0
JOE HUMPHRIES Director 0.200
Director
$0 $0 $0
BRIAN KEEL Director 0.500
Officer Director
$0 $0 $0
DWAYNE MCKINNEY Director 0.200
Director
$0 $0 $0
ROBERT S STANCIL Director 0.200
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 $7,225,340 $6,091,873 $7,538,764 $1,133,467
2023 $7,150,453 $5,076,887 $6,577,649 $2,073,566
2022 $5,667,850 $4,116,661 $5,460,579 $1,551,189
2021 $3,131,625 $3,764,764 $4,823,677 $-633,139
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