THE WOODLANDS METHODIST CHURCH FOUNDATION

EIN: 760661024 501(c)(3) Religion

THE WOODLANDS, TX

Total Revenue
$686,715
Total Expenses
$201,274
Total Assets
$5,256,706
Net Assets
$5,253,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
MARK SORENSEN
Phone
2812975900
Tax Period
2022-01-01 to 2022-12-31

THE WOODLANDS METHODIST CHURCH FOUNDATION, founded in 2000, is a small nonprofit in the Religion sector that reported $687K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $485K, a strong 71% operating margin.

Mission

TO EXPAND THE MINISTRY OUTREACH OF THE WOODLANDS METHODIST CHURCH AND SAFEGUARD ITS FUTURE THROUGH CHARITABLE GIFTS THAT PROVIDE LONG-TERM FINANCIAL SUPPORT AND A LIVING MEMORIAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $384,519
Program Service Revenue $118,810
Investment Income $183,386
Other Revenue $0
TOTAL REVENUE $686,715

Expense Breakdown

Grants Paid $74,043
Salaries & Benefits $8,861
Fundraising Expenses $6,825
Program Expenses $134,146
Other Expenses $118,370
TOTAL EXPENSES $201,274

Year-over-Year Comparison

2022 2021 Change
Revenue $686,715 $627,100 +0.1%
Expenses $201,274 $152,107 +0.3%
Net Income $485,441 $474,993 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
6

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
5
$381,491
Total Directors
8
$419,305
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SORENSEN DIRECTOR 0.10
Director
$0 $82,387 $291,705
DANIELLE JOHNSON TREASURER 1.00
Officer
$0 $6,108 $160,354
ED ROBB DIRECTOR 0.50
Director
$0 $125,000 $127,600
ANGELA BRANCH VICE-CHAIR 0.50
Officer
$0 $7,287 $81,079
DREW ESSEN VICE-CHAIR 0.50
Officer
$0 $34,361 $79,789
SHELLEY GUTHRIE SECRETARY 6.00
Officer
$7,332 $8,665 $60,269
KIM BACON DIRECTOR 0.20
Director
$0 $0 $0
MARK HANLEY DIRECTOR 0.20
Director
$0 $0 $0
MELISSA HERNDON DIRECTOR 0.20
Director
$0 $0 $0
GARY LAUGHARN CHAIRMAN/DIR 0.20
Officer Director
$0 $0 $0
JIMMIE PRICE DIRECTOR 0.20
Director
$0 $0 $0
MARK SMITH DIRECTOR 0.20
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
2022 $686,715 $201,274 $5,256,706 $485,441
2021 $627,100 $152,107 $5,698,345 $474,993
2020 $764,235 $333,341 $5,036,021 $430,894
2019 $314,604 $160,261 $4,657,828 $154,343
2018 $256,328 $214,169 $3,667,853 $42,159
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