THE ADVANCE INITIATIVE (EIN 832343149) - Form 990 Financial Analysis & Trantor Score

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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

AJAY THOMAS

Tax Period

2024-01-01 to 2024-12-31

THE ADVANCE INITIATIVE, founded in 2017, is a small nonprofit in the Religion sector that reported $463K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 16% operating margin.

Mission

AS AN ASSOCIATION OF CHURCHES, IT IS THE ASSOCIATION'S MISSION TO SEE, IN COOPERATION WITH ITS COOPERATING AND MEMBER CHURCHES, A GLOBAL MOVEMENT OF GOSPEL-CENTERED MULTIETHNIC CHURCHES BEING PLANTED BY OR AMONG SOUTH ASIANS THROUGH AND BY VARIOUS MEANS INCLUDING BUT NOT LIMITED TO SPONSORING, HOSTING, AND AND ADMINISTERING CONFERENCES AND SEMINARS AND CREATING PUBLICATIONS AND OTHER MEDIA TO ADVANCE THE AFOREMENTIONED CAUSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $462,623

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $462,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,244

Fundraising Expenses $0

Program Expenses $366,933

Other Expenses $92,746

TOTAL EXPENSES $388,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,623	$274,861	+0.7%
Expenses	$388,990	$240,100	+0.6%
Net Income	$73,633	$34,761	+1.1%

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

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

$19,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BINU ABRAHAM	DIRECTOR OF	40.00	Highest	$107,776	$0	$107,776
AJAY THOMAS	PRESIDENT	3.00	Officer	$19,062	$0	$19,062
SUNISH ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MATHEW	TREASURER	3.00	Officer	$0	$0	$0
SCOTT ZELLER	SECRETARY	3.00	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	$462,623	$388,990	$303,473	$73,633
2023	$274,861	$240,100	$206,055	$34,761

THE ADVANCE INITIATIVE