Credence Village Inc

EIN: 824544818 501(c)(3) Human Services

Katy, TX

Total Revenue
$991,229
Total Expenses
$734,306
Total Assets
$588,118
Net Assets
$588,118
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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
2018
Legal Domicile
TX
Principal Officer
Noelle Turner
Phone
8328885439
Tax Period
2024-01-01 to 2024-12-31

Credence Village Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $991K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 26% operating margin.

Mission

To create a sense of community and a safe and nurturing home environment for abused and neglected children by providing quality comprehensive therapeutic services to foster positive self-esteem and relational healing.

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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 (2024)

Revenue Breakdown

Contributions & Grants $102,195
Program Service Revenue $887,167
Investment Income $1,867
Other Revenue $0
TOTAL REVENUE $991,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,740
Fundraising Expenses $0
Program Expenses $734,306
Other Expenses $500,566
TOTAL EXPENSES $734,306

Year-over-Year Comparison

2024 2023 Change
Revenue $991,229 $819,903 +0.2%
Expenses $734,306 $615,612 +0.2%
Net Income $256,923 $204,291 +0.3%
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
3
Independent Members
3
Employees
6
Volunteers
N/A

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
3
$76,221
Total Directors
0
$0
Key Employees
1
$76,221
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Noelle Turner CEO 40.00
Officer Key Emp
$76,221 $0 $76,221
Sonia Starwood Secretary 1.00
Officer
$0 $0 $0
Eric Edwards Director 1.00
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
2025 No data No data No data No data
2024 $991,229 $734,306 $588,118 $256,923
2023 $819,903 $615,612 $331,195 $204,291
2022 $505,689 $426,372 $153,701 $79,317
2021 $334,859 $317,122 $65,956 $17,737
2020 $288,061 $240,601 $65,956 $47,460
2018 $12,057 $43,291 $46,934 $-31,234
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