UNIVERSAL SPIRITUAL LIFE CHURCH

EIN: 843485102 501(c)(3) Religion

KARNACK, TX

Total Revenue
$355,540
Total Expenses
$358,271
Total Assets
$1,734,378
Net Assets
$1,579,418
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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
TX
Principal Officer
KEVIN SCHMIDT
Phone
3184021811
Tax Period
2023-01-01 to 2023-12-31

UNIVERSAL SPIRITUAL LIFE CHURCH, founded in 2019, is a small nonprofit in the Religion sector that reported $356K in total revenue in fiscal year 2023. Net assets of $1.6M represent 53 months of operating reserves.

Mission

DEDICATED TO SERVING LOCAL RESIDENTS, AND THE WORLD VIA INTERNET, THROUGH SPIRTUAL EDUCATION, AS WELL AS, PROVIDING STUDIES IN RELIGOUS PHILOSOPHY, THE SCIENCE AND GOD UNDERSTANDING, AND HUMANITIES ROLE WITH AND CONNECTION TO MOTHER NATURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $355,540
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $355,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $89,569
Program Expenses $89,563
Other Expenses $358,271
TOTAL EXPENSES $358,271

Year-over-Year Comparison

2023 2022 Change
Revenue $355,540 N/A N/A
Expenses $358,271 N/A N/A
Net Income $-2,731 $0 N/A
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
N/A
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SCHMIDT PRESIDENT 10.00
Director
$0 $0 $0
DENISE SMITH CHAIRMAN OF BOARD 1.00
Director
$0 $0 $0
ASHLEY MCKNIGHT SECRETARY 5.00
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 $355,540 $358,271 $1,734,378 $-2,731
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