FOUNDATION OF THE HOLY APOSTLESINC (EIN 581849441) - 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

1990

Legal Domicile

Principal Officer

DR MICHAEL YOUSSEF

Phone

4048420200

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION OF THE HOLY APOSTLESINC, founded in 1990, is a micro nonprofit in the Religion sector that reported $61K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 2630% operating deficit.

Mission

TO PROVIDE WORSHIP FACILITIES TO ONE OR MORE EVANGELICAL CHURCHES.

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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 $0

Program Service Revenue $0

Investment Income $36,195

Other Revenue $25,000

TOTAL REVENUE $61,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,664,360

Other Expenses $1,670,332

TOTAL EXPENSES $1,670,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,195	$29,162	+1.1%
Expenses	$1,670,332	$1,670,293	+0.0%
Net Income	$-1,609,137	$-1,641,131	0.0%

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

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
BYRON ATTRIDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLIE BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN BROGGI	DIRECTOR	1.00	Director	$0	$0	$0
ROWLAND COCKS	TREASURER	1.00	Officer Director	$0	$0	$0
RANDY EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR MICHAEL YOUSSEF	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRENT ZELNAK	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$61,195	$1,670,332	$27,930,668	$-1,609,137
2022	$29,162	$1,670,293	$29,509,638	$-1,641,131
2021	$274,998	$1,668,410	$31,152,603	$-1,393,412
2020	$900,000	$1,668,670	$32,796,013	$-768,670
2019	No data	$1,672,298	$33,564,683	No data
2018	No data	$1,672,936	$35,236,981	No data

FOUNDATION OF THE HOLY APOSTLESINC