Cherubim & Seraphim Surulere Church

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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

2010

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Cherubim & Seraphim Surulere Church, founded in 2010, is a micro nonprofit in the Religion sector that reported $41K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $38K left a modest 7% surplus.

Mission

To proclaim the gospel of Jesus Christ

Program Service Accomplishments

Program 1

In 2024, throughout the year the church held over one hundred and ninety worship services, Wednesdays Bible Study, Sunday Bible Classes, Board of Administration monthly meetings and special worship...

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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 $41,014

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,977

TOTAL EXPENSES $37,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,014	$45,189	-0.1%
Expenses	$37,977	$63,649	-0.4%
Net Income	$3,037	$-18,460	-1.2%

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

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
Michael O Adesina	Pastor	40.00	Officer Director	$0	$0	$0
Oluwakemi Oshin	Treasurer	15.00	Officer Director	$0	$0	$0
Adeshola Fatolu	Secretary	15.00	Officer Director	$0	$0	$0
Adeyemi Adesina	Chairman of the Board	15.00	Officer	$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	$41,014	$37,977	$314,748	$3,037
2023	$45,189	$63,649	$326,163	$-18,460
2022	$36,538	$32,427	$360,399	$4,111
2021	$42,887	$23,148	$374,521	$19,739
2020	$38,816	$26,835	$374,818	$11,981
2019	$57,872	$48,968	$369,598	$8,904
2018	$49,374	$32,166	$376,858	$17,208