Cherubim & Seraphim Surulere Church

EIN: 711004792 501(c)(3) Religion

Laurel, MD

Total Revenue
$41,014
Total Expenses
$37,977
Total Assets
$314,748
Net Assets
$265,129
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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
MD
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

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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 $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

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Governance

Voting Members
20
Independent Members
20
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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