BETHEL FAMILY CHAPEL 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

Frank Apenteng

Tax Period

2023-01-01 to 2023-12-31

BETHEL FAMILY CHAPEL INC, founded in 2017, is a micro nonprofit in the Religion sector that reported $27K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 40% operating margin.

Mission

TO EQUIP THE SAINTS FOR THE WORK OF MINISTRY FOR BUILDING UP THE BODY OF JESUS CHRIST

Program Service Accomplishments

Program 1

Expenses: $16,120 Revenue: $26,821

THE PASTOR GAVE TEACHINGS ON HOW TO GO FOR EVANGELISM AND TITHING. CONGREGATION RESPONDED FAVORABLE AS TITHING IS THE MAIN SOURCE OF REVENUE. GETTING PEOPLE TO CONVERT TO CHIRISTIANITY

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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 $0

Program Service Revenue $26,783

Investment Income $0

Other Revenue $38

TOTAL REVENUE $26,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,120

Other Expenses $16,120

TOTAL EXPENSES $16,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,821	$20,797	+0.3%
Expenses	$16,120	$9,321	+0.7%
Net Income	$10,701	$11,476	-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

N/A

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
Elizabeth Apenteng	Head of Ushering Department	10.00	Officer	$0	$0	$0
Jane Sobre	Head of Childrens Service De	10.00	Officer	$0	$0	$0
Victor Cudjoe	Church Deacon	10.00	Officer	$0	$0	$0
Fred Sobre	Assistant Pastor	25.00	Officer	$0	$0	$0
Frank Apenteng	Senior ElderFinancial Secret	10.00	Officer	$0	$0	$0
Ebenezer Arthur	TreasurerAdministrator	10.00	Officer	$0	$0	$0
Rukaya Abah	Pastor	35.00	Officer	$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	No data	No data	No data	No data
2023	$26,821	$16,120	$201,249	$10,701
2022	$20,797	$9,321	$190,548	$11,476
2021	$14,397	$13,571	$179,072	$826
2020	$21,075	$8,582	$178,246	$12,493
2019	$106,691	$5,477	$101,214	$101,214