ABEKA FUND INC

EIN: 592889323 501(c)(3)

PENSACOLA, FL

Total Revenue
$520,320
Total Expenses
$148,722
Total Assets
$7,009,999
Net Assets
$7,009,781
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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
1986
Legal Domicile
FL
Phone
8504788496
Tax Period
2024-06-01 to 2025-05-31

ABEKA FUND INC, founded in 1986, is a small nonprofit that reported $520K in total revenue in fiscal year 2024. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $372K, a strong 71% operating margin.

Mission

TO PROMOTE CHRISTIAN EDUCATION AND OTHER CHARITABLE, RELIGIOUS, EDUCATIONAL, AND LITERARY ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $148,722 Revenue: $133,571

PROVIDED STUDENT LOANS TO COLLEGE STUDENTS WHO REPAY PRINCIPAL AND INTEREST UPON GRADUATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $601,986
Program Service Revenue $116,646
Investment Income $-198,312
Other Revenue $0
TOTAL REVENUE $520,320

Expense Breakdown

Grants Paid $135,872
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,722
Other Expenses $12,850
TOTAL EXPENSES $148,722

Year-over-Year Comparison

2024 2023 Change
Revenue $520,320 $177,493 +1.9%
Expenses $148,722 $871,093 -0.8%
Net Income $371,598 $-693,600 -1.5%
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
3
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
3
$470,562
Total Directors
3
$470,562
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TROY SHOEMAKER President 0.00
Officer Director
$0 $0 $219,260
JAMES THOMPSON II CFO 0.00
Officer Director
$0 $0 $136,570
DENISE SHOEMAKER Secretary 0.00
Officer Director
$0 $0 $114,732
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 $520,320 $148,722 $7,009,999 $371,598
2024 $177,493 $871,093 $6,205,529 $-693,600
2023 $388,738 $989,910 $6,604,362 $-601,172
2022 $335,827 $819,356 $7,231,663 $-483,529
2021 $541,705 $1,180,610 $7,833,611 $-638,905
2020 $435,743 $224,142 $8,467,298 $211,601
2019 $499,191 $241,361 $8,260,965 $257,830
2018 $1,161,927 $416,891 $8,004,135 $745,036
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