MODEL CITY CHURCH INC (EIN 844431327) - 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

2020

Legal Domicile

Principal Officer

JIDE ADEBULE

Phone

4434103876

Tax Period

2023-01-01 to 2023-12-31

MODEL CITY CHURCH INC, founded in 2020, is a small nonprofit in the Religion sector that reported $284K in total revenue in fiscal year 2023. Expenses of $316K exceeded revenue, resulting in a 11% operating deficit.

Mission

MODEL CITY CHURCH IS AN ORGANIZATION THAT IS FOUNDED IN GOD'S PURPOSE TO BRING PEOPLE TO THE REALIZATION OF THEIR PURPOSE IN LIFE AND ALSO TO HELP PEOPLE FIND FAITH, FAMILY, FREEDOM, FOR A GUARANTEED FUTURE.

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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 $284,195

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $284,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,117

Fundraising Expenses $0

Program Expenses $315,804

Other Expenses $251,021

TOTAL EXPENSES $315,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,195	$277,612	+0.0%
Expenses	$315,804	$206,663	+0.5%
Net Income	$-31,609	$70,949	-1.4%

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

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

$24,208

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIDE ADEBULE	SENIOR PASTOR	40	Director Highest	$24,208	$0	$24,208
AYOMIDE OLUDOYI	SECRETARY	10	Director	$0	$0	$0
LEKE ADEBIYI	TREASURER	10	Director	$0	$0	$0
FAITH ADEBULE	CO-PASTOR	10	Director	$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	$284,195	$315,804	$115,930	$-31,609
2022	$277,612	$206,663	$147,198	$70,949
2021	$195,148	$164,816	$76,249	$30,332
2020	$120,245	$80,635	$52,272	$39,610

MODEL CITY CHURCH INC