Good News Church of Christ Holines… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

Terry Whitehurst

Phone

6263985218

Tax Period

2024-01-01 to 2024-12-31

Good News Church of Christ Holiness USA Inc, founded in 1995, is a micro nonprofit in the Religion sector that reported $95K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 34% operating margin.

Mission

The purpose of the church is to call people to call people to commitme to christ and his family, to lead believers in christ like character, to equip believers to care for others and to engage believers in the c

Program Service Accomplishments

Program 1

Expenses: $60,437 Revenue: $47,310

This is for tithes and offerings from the members of the congregation

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,430

Program Service Revenue $0

Investment Income $0

Other Revenue $47,664

TOTAL REVENUE $95,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,161

Fundraising Expenses $0

Program Expenses $60,437

Other Expenses $28,962

TOTAL EXPENSES $63,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,094	$123,445	-0.2%
Expenses	$63,123	$67,358	-0.1%
Net Income	$31,971	$56,087	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY WHITEHURST	Pastor	0.00	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
2024	$95,094	$63,123	$692,207	$31,971
2023	$123,445	$67,358	$692,814	$56,087
2022	$170,655	$95,658	$726,543	$74,997
2021	$63,893	$60,904	$685,818	$2,989

Good News Church of Christ Holiness USA Inc