MY ANCHOR CHURCH INC

EIN: 841788410 501(c)(3) Religion

LAKE WORTH, FL

Total Revenue
$605,557
Total Expenses
$492,312
Total Assets
$242,493
Net Assets
$234,760
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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
2019
Legal Domicile
FL
Principal Officer
SHAUN BLAKENEY
Tax Period
2020-01-01 to 2020-12-31

MY ANCHOR CHURCH INC, founded in 2019, is a small nonprofit in the Religion sector that reported $606K in total revenue in fiscal year 2020. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 19% operating margin.

Mission

BRINGING HOPE TO THE HOPELESS

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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 (2020)

Revenue Breakdown

Contributions & Grants $613,722
Program Service Revenue $0
Investment Income $828
Other Revenue $-8,993
TOTAL REVENUE $605,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $282,416
Fundraising Expenses $0
Other Expenses $209,896
TOTAL EXPENSES $492,312

Year-over-Year Comparison

2020 2019 Change
Revenue $605,557 $302,000 +1.0%
Expenses $492,312 $180,443 +1.7%
Net Income $113,245 $121,557 -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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
10

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
1
$166,364
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUN BLAKENEY PASTOR 40.00
Officer
$124,800 $41,564 $166,364
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
2020 $605,557 $492,312 $242,493 $113,245
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