THE PURIFIED MISSION CHURCH INC

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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

2017

Legal Domicile

Principal Officer

Olumayokun Obembe

Tax Period

2023-01-01 to 2023-12-31

THE PURIFIED MISSION CHURCH INC, founded in 2017, is a micro nonprofit in the Religion sector that reported $64K in total revenue in fiscal year 2023. Expenses of $60K left a modest 7% surplus.

Mission

To establish and oversee places of worship, teach and preach the gospel to all people, conduct evangelistic and humanitarian outreach, license and ordain ministers of the gospel.

Program Service Accomplishments

Program 1

Expenses: $57,948 Revenue: $64,096

In excess of 1,000 people were reached with the gospel during the year and many were led to Christ. Baptism services were held, and several people were provided with much needed groceries.

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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 (2023)

Revenue Breakdown

Contributions & Grants $64,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,948

Other Expenses $59,687

TOTAL EXPENSES $59,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,096	$65,231	0.0%
Expenses	$59,687	$31,312	+0.9%
Net Income	$4,409	$33,919	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nnediuto Obembe	Vice President	0.50	Director	$0	$0	$0
Florence B Ademola	Board Member	0.50	Director	$0	$0	$0
Olurotimi Ladeinde	Chief Financial Officer	0.50	Officer Director	$0	$0	$0
Olumayokun Obembe	President	40.00	Officer Director	$0	$0	$0
Elizabeth Ladeinde	Secretary	0.50	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
2023	$64,096	$59,687	$95,531	$4,409
2022	$65,231	$31,312	$91,122	$33,919
2021	$49,722	$59,971	$57,203	$-10,249
2020	$38,213	$19,027	$67,452	$19,186
2019	$33,835	$20,471	$48,266	$13,364
2018	$31,875	$11,841	$34,902	$20,034
2017	$18,976	$4,108	$14,868	$14,868