European Initiative

EIN: 743197705 501(c)(3) Religion

Colleyville, TX

Total Revenue
$999,764
Total Expenses
$1,072,492
Total Assets
$403,055
Net Assets
$360,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
Jeffrey Serio
Phone
9726163777
Tax Period
2023-01-01 to 2023-12-31

European Initiative, founded in 2006, is a small nonprofit in the Religion sector that reported $1000K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

European Initiative exists to ignite a spiritual awakening in Europe with a focus on evangelism, humanitarian aid, equipping the church, prayer & worship, and blessing the Jewish people. Learn more at http://www.europeaninitiative.com.

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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 (2023)

Revenue Breakdown

Contributions & Grants $769,792
Program Service Revenue $227,461
Investment Income $2,511
Other Revenue $0
TOTAL REVENUE $999,764

Expense Breakdown

Grants Paid $137,068
Salaries & Benefits $461,365
Fundraising Expenses $0
Program Expenses $978,948
Other Expenses $474,059
TOTAL EXPENSES $1,072,492

Year-over-Year Comparison

2023 2022 Change
Revenue $999,764 $1,407,443 -0.3%
Expenses $1,072,492 $1,394,293 -0.2%
Net Income $-72,728 $13,150 -6.5%
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
4
Independent Members
3
Employees
13
Volunteers
555

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
3
$118,600
Total Directors
4
$118,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Serio Chairman 40.00
Officer Director
$51,760 $66,840 $118,600
Olen Griffing Director 1.00
Director
$0 $0 $0
Matthew Lankenau Secretary 1.00
Officer Director
$0 $0 $0
Michael Knight Treasurer 1.00
Officer 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 No data No data No data No data
2023 $999,764 $1,072,492 $403,055 $-72,728
2022 $1,407,443 $1,394,293 $505,329 $13,150
2021 $1,006,745 $889,582 $431,025 $117,163
2020 $749,040 $789,874 $413,160 $-40,834
2019 $959,356 $971,056 $362,159 $-11,700
2018 $749,032 $789,290 $383,303 $-40,258
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