The Church Initiative Inc

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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

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 equip churches to offer Christ-centered support groups (DivorceCare & GriefShare) for people grieving the death of a loved one or suffering from a broken marriage.

Program Service Accomplishments

Program 1

Expenses: $5,078,667 Revenue: $7,186,466

In the 2023-24 fiscal year, through our groups, books, websites, and other digital communication, we shared the comfort of Christ with over 3.4 million people. Specifically, we equipped and partnered with 9,030 churches to offer over 18,614 GriefShare & DivorceCare support groups, helping over 150,000 people. We also provided churches with 220,863 participant workbooks, which they distributed to their DivorceCare and GriefShare group members. Additionally, 7,993 ministry partners (churches) utilized our free coaching, resulting in 42,650 coaching moments. We also recruited over 3,550 former group members to serve on, or start, church-based GriefShare and DivorceCare teams. And, through our efforts, the gospel was shared with over 150,000 people.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$912,731

Total Directors

$273,504

Key Employees

Highest Compensated

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