Thompson Hopewell Primitive Bapstist Church

EIN: 800943547 501(c)(3) Religion

Chicago, IL

Total Revenue
$118,980
Total Expenses
$111,764
Total Assets
$514,950
Net Assets
$501,122
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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
2015
Legal Domicile
IL
Principal Officer
TORRENCE T IVY SR
Phone
7735221851
Tax Period
2022-01-01 to 2022-12-31

Thompson Hopewell Primitive Bapstist Church, founded in 2015, is a small nonprofit in the Religion sector that reported $119K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $112K left a modest 6% surplus.

Mission

To enrich the families and lives of all baptized believers Through teaching and preaching the word of Lord Savior 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 (2022)

Revenue Breakdown

Contributions & Grants $118,980
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $118,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,500
Fundraising Expenses $0
Program Expenses $15,441
Other Expenses $95,264
TOTAL EXPENSES $111,764

Year-over-Year Comparison

2022 2021 Change
Revenue $118,980 $132,449 -0.1%
Expenses $111,764 $102,355 +0.1%
Net Income $7,216 $30,094 -0.8%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
13

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
0
$0
Total Directors
4
$7,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORRENCE T IVY Pastor 35.00
Director
$6,300 $0 $6,300
REGINA IVY Trustee 10.00
Director
$0 $0 $0
WALTER YOUNG Trustee 10.00
Director
$0 $0 $0
RUBY YOUNG Treasurer 15.00
Director
$750 $0 $750
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 $118,980 $111,764 $514,950 $7,216
2021 $132,449 $102,355 $524,306 $30,094
2020 $120,122 $107,493 $515,029 $12,629
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