Paramount Church Inc

EIN: 650360133 501(c)(3)

Palm Beach, FL

Total Revenue
$8,970,572
Total Expenses
$9,812,979
Total Assets
N/A
Net Assets
N/A
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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
1993
Legal Domicile
FL
Principal Officer
Reverend Dwight Stevens
Phone
5614781451
Tax Period
2021-01-01 to 2021-12-31

Paramount Church Inc, founded in 1993, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2021. Revenue surged 19814% from the prior year, signaling strong growth momentum.

Mission

Religious activities

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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 (2021)

Revenue Breakdown

Contributions & Grants $308,098
Program Service Revenue $0
Investment Income $9,199,016
Other Revenue $-536,542
TOTAL REVENUE $8,970,572

Expense Breakdown

Grants Paid $8,044,956
Salaries & Benefits $60,282
Fundraising Expenses $0
Program Expenses $8,107,143
Other Expenses $1,707,741
TOTAL EXPENSES $9,812,979

Year-over-Year Comparison

2021 2020 Change
Revenue $8,970,572 $45,046 +198.1%
Expenses $9,812,979 $103,884 +93.5%
Net Income $-842,407 $-58,838 +13.3%
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
3
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
1
$325,791
Total Directors
3
$325,791
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reverend Dwight Stevens President 40.00
Officer Director
$274,395 $51,396 $325,791
Joseph Ginadagnimo Director 1.00
Director
$0 $0 $0
Robert Boutwell Director 1.00
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
2021 $8,970,572 $9,812,979 No data $-842,407
2020 $45,046 $103,884 $3,968,213 $-58,838
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