EKKLESIA INC (EIN 581394454) - 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

1980

Legal Domicile

Principal Officer

JOHN POLLOCK

Phone

3367650424

Tax Period

2023-07-01 to 2024-06-30

EKKLESIA INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $743K in total revenue in fiscal year 2023. The organization ran a surplus of $135K, a strong 18% operating margin.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 80 UNIT APARTMENT COMMUNITY IN MOREHEAD CITY, NC KNOWN AS EKKLESIA APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMEENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $463,873

Program Service Revenue $280,017

Investment Income $-1,127

Other Revenue $118

TOTAL REVENUE $742,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $408,102

Other Expenses $608,047

TOTAL EXPENSES $608,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,881	$712,615	+0.0%
Expenses	$608,047	$629,936	0.0%
Net Income	$134,834	$82,679	+0.6%

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

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
JOHN POLLOCK	PRESIDENT	0.50	Officer Director	$0	$0	$0
TIM BOWERS-YOUNG	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
LYNN KROENER	TREASURER	0.50	Officer Director	$0	$0	$0
CYNTHIA THOMPSON	SECRETARY	0.50	Officer Director	$0	$0	$0
BECK SMITH	MEMBER	0.50	Director	$0	$0	$0
JIM BUCKINGHAM	MEMBER	0.50	Director	$0	$0	$0
BILL ROGERSON	MEMBER	0.50	Director	$0	$0	$0
DENNIS MUNDEN	MEMBER	0.50	Director	$0	$0	$0
LEIGH CROWN	MEMBER	0.50	Director	$0	$0	$0
JANICE ADKINSON	MEMBER	0.50	Director	$0	$0	$0
LISA RASMUSSEN	MEMBER	0.50	Director	$0	$0	$0
CONNIE GARRETT	MEMBER	0.50	Director	$0	$0	$0
NOEL COSTA	MEMBER	0.50	Director	$0	$0	$0
VIVIAN MARSHALL	MEMBER	0.50	Director	$0	$0	$0
CAROL EATON	MEMBER	0.50	Director	$0	$0	$0
MARY LEE MACKAY	MEMBER	0.50	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	No data	No data	No data	No data
2024	$742,881	$608,047	$1,131,378	$134,834
2023	$712,615	$629,936	$1,094,499	$82,679
2022	$693,271	$614,934	$1,118,175	$78,337
2021	$696,352	$630,061	$1,143,492	$66,291
2020	$682,155	$606,809	$1,190,178	$75,346
2019	$654,923	$566,486	$1,220,332	$88,437

EKKLESIA INC