SOLOMONS PORCH WORSHIP CENTER

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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

2008

Legal Domicile

Principal Officer

JOYCE ADEYINKA

Phone

4109639701

Tax Period

2025-01-01 to 2025-12-31

SOLOMONS PORCH WORSHIP CENTER, founded in 2008, is a small nonprofit in the Religion sector that reported $264K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $243K left a modest 8% surplus.

Mission

Family Retreat- Prayers and counseling of all families both for church members and the community at large.

Program Service Accomplishments

Program 1

Expenses: $2,140 Revenue: $7,500

RE-SET: A HYBRID DELIVERANCE PROGRAM -MAY 22 TO JUNE 1, 2025. -May 22, at 7pm- Pastor Key Atoloye delivered your Geneology using Genogram. -May 29, at 7pm- Pastor Key spoke about building a family...

RE-SET: A HYBRID DELIVERANCE PROGRAM -MAY 22 TO JUNE 1, 2025. -May 22, at 7pm- Pastor Key Atoloye delivered your Geneology using Genogram. -May 29, at 7pm- Pastor Key spoke about building a family fortress: Genogram and prayers -May 30, at 7pm- Pastor Gboyega Adeyokunnu preached about breaking generational curses thru divine identity in Christ. -May 31, at 7pm-Pastor Gboyega Adeyokunnu spoke about the treasure in cracked and broken pots of clay. - June 1, at 7pm- Pastor Atoloye and Pastor Adeyinka concluded the night by speaking about building a family fortress: Prayers that Displace Darkness. Over 36 individuals attended the programs.

Program 2

Expenses: $2,210 Revenue: $8,400

CHURCH OUTSIDE THE BOX- The Church outside the box was preached by Pastor Doyin Adeyinka in these areas: -What is the role of women in the Church? -Should women be heading Churches? -Who heads a...

CHURCH OUTSIDE THE BOX- The Church outside the box was preached by Pastor Doyin Adeyinka in these areas: -What is the role of women in the Church? -Should women be heading Churches? -Who heads a Household: the man, the woman, or joint leadership role? -What does the Bible teach about divorce and remarried? -Is Tithing for the new Testament Believers? -Thanksgiving service?

Program 3

Expenses: $4,500 Revenue: $15,200

CHRISTMAS CELEBRATION AND PRAYERS- The congregation and the Communities around celebrated Christmas with special events like Continental Breakfast, Group and Family photos, live Band, short story...

CHRISTMAS CELEBRATION AND PRAYERS- The congregation and the Communities around celebrated Christmas with special events like Continental Breakfast, Group and Family photos, live Band, short story, the light, the sound and the gift. over 75 individuals were in attendance.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,088

Program Service Revenue $31,100

Investment Income $0

Other Revenue $8,130

TOTAL REVENUE $264,318

Expense Breakdown

Grants Paid $21,227

Salaries & Benefits $88,818

Fundraising Expenses $0

Program Expenses $8,850

Other Expenses $132,553

TOTAL EXPENSES $242,598

Year-over-Year Comparison

	2025	2024	Change
Revenue	$264,318	$279,468	-0.1%
Expenses	$242,598	$254,165	0.0%
Net Income	$21,720	$25,303	-0.1%

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

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

$7,947

Key Employees

$95,954

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADEKEMI ADEYINKA	EMPLOYEE-INTERNAL AUDITOR AND ACC	32	Key Emp	$43,475	$0	$43,475
JOYCE ADEYINKA	PASTOR	35	Key Emp	$30,132	$0	$30,132
JONATHAN FIELDINGS	GENERAL MAINTENANCE	25	Key Emp	$22,347	$0	$22,347
D ABIDEMI	BOARD MEMBER	2	Director	$7,947	$0	$7,947

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
2025	$264,318	$242,598	$572,358	$21,720
2024	No data	No data	No data	No data
2023	$259,584	$258,992	$576,732	$592
2022	$240,817	$204,386	$590,453	$36,431
2021	$287,931	$268,038	$557,848	$19,893
2020	$224,740	$204,096	$568,292	$20,644
2019	$247,460	$206,429	$108,832	$41,031
2018	$221,402	$214,225	$12,900	$7,177
2017	$233,554	$243,165	$5,721	$-9,611