IGLESIA PENTECOSTAL ARCA DE SALVACION INC

EIN: 651255879 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$1,459,540
Total Expenses
$83,594
Total Assets
$1,433,149
Net Assets
$1,433,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
ORLANDO BLANKOVICH
Phone
3477411925
Tax Period
2020-01-01 to 2020-12-31

IGLESIA PENTECOSTAL ARCA DE SALVACION INC, founded in 1968, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2020. Revenue surged 3887% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 94% operating margin.

Mission

THE CHURCH'S PRINCIPAL PROGRAM SERVICE ACCOMPLISHMENTS ARE THE PROVISION OF SPIRITUAL GUIDANCE AND INSTRUCTION THROUGH ITS VARIOUS SERVICES AND SUNDAY SCHOOL TRAINING FOR THE CHILDREN WHO ATTEND THE CHURCH'S SERVICES WITH THEIR PARENTS/GUARDIANS. FINANCIALLY, THE PROGRAM SERVICES OF THE CHURCH YIELD NO INCOME TO THE CHURCH OR RESULT IN NET LOSSES TO THE CHURCH'S FUND BALANCE. OCCASSIONALLY, THERE ARE SOME YEARS WHERE A POSITIVE CONTRIBUTION TO THE CHURCH'S FUND BALANCE RESULTS BUT THIS IS NOT THE INTENTION OF THE CHURCH'S BOARD AS THEY SEE THE CHURCH'S PURPOSE AS PROVIDING FOR THE POOR AND HOMELESS TO THE FULLEST EXTENT POSSIBLE. IN ADDITION FORM 990-T DOES NOT HAVE TO BE FILED BECAUSE UBI IS WELL UNDER 1,000 FOR 2019 YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $116,711
Investment Income $1,342,829
Other Revenue $0
TOTAL REVENUE $1,459,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $67,164
Other Expenses $83,594
TOTAL EXPENSES $83,594

Year-over-Year Comparison

2020 2019 Change
Revenue $1,459,540 $36,605 +38.9%
Expenses $83,594 $22,985 +2.6%
Net Income $1,375,946 $13,620 +100.0%
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

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Governance

Voting Members
12
Independent Members
2
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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORLANDO BLANKOVICH PASTOR AND D N/A
Officer Director
$0 $0 $0
JOSE CASTILLO CHAIRMAN OF N/A
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
2020 $1,459,540 $83,594 $1,433,149 $1,375,946
2019 $36,605 $22,985 $57,204 $13,620
2018 $35,401 $26,361 $43,583 $9,040
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