CONVENTION OF FULL GOSPEL CHURCHES (EIN 751568320) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

MATTHEW A CASSADY

Phone

9722915466

Tax Period

2024-01-01 to 2024-12-31

CONVENTION OF FULL GOSPEL CHURCHES, founded in 1977, is a small nonprofit in the Religion sector that reported $719K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 40% operating deficit.

Mission

The Convention of Full Gospel Churches exists to be a Holy Spirit-empowered, Christ-centered fellowship of churches, faithfully proclaiming the Word of God, ministering in the power of the Holy Spirit, equipping the saints for service, and sending forth witnesses of Christ to the nations, until He returns.

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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 $711,912

Program Service Revenue $0

Investment Income $6,639

Other Revenue $0

TOTAL REVENUE $718,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,762

Fundraising Expenses $0

Program Expenses $805,840

Other Expenses $463,538

TOTAL EXPENSES $1,007,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,551	$724,569	0.0%
Expenses	$1,007,300	$538,923	+0.9%
Net Income	$-288,749	$185,646	-2.6%

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

Volunteers

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

$293,915

Total Directors

$293,915

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KLON K KITHEN JR	BOARD MEMBER	40.00	Officer Director	$184,715	$0	$184,715
WILLIAM TOGUCHI	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW CASSADY	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer Director	$109,200	$0	$109,200
JOYCE DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
TABITHA PHILIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANETTE GRAY	SECRETARY	5.00	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	$718,551	$1,007,300	$661,744	$-288,749
2023	$724,569	$538,923	$950,493	$185,646
2022	$678,704	$624,203	$809,912	$54,501
2021	$696,954	$467,748	$749,411	$229,206
2020	$687,026	$576,867	$481,157	$110,159
2019	$602,688	$544,493	$435,982	$58,195
2018	$592,324	$514,977	$409,984	$77,347

CONVENTION OF FULL GOSPEL CHURCHES