Truth is One Interfaith Church Inc

EIN: 845109778 501(c)(3) Religion

Burnsville, NC

Total Revenue
$316,502
Total Expenses
$232,220
Total Assets
$74,454
Net Assets
$72,390
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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
NC
Principal Officer
Alanna Collins
Phone
8285151498
Tax Period
2024-01-01 to 2024-12-31

Truth is One Interfaith Church Inc, founded in 2020, is a small nonprofit in the Religion sector that reported $317K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 27% operating margin.

Mission

The organization provides regular worship services, community outreach and service programs, and prayer and community-building activities that promote spiritual growth, humanitarian support, and community well-being.

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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 $143,340
Program Service Revenue $173,162
Investment Income $0
Other Revenue $0
TOTAL REVENUE $316,502

Expense Breakdown

Grants Paid $17,726
Salaries & Benefits $101,604
Fundraising Expenses $0
Program Expenses $109,288
Other Expenses $112,890
TOTAL EXPENSES $232,220

Year-over-Year Comparison

2024 2023 Change
Revenue $316,502 N/A N/A
Expenses $232,220 N/A N/A
Net Income $84,282 N/A 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
3
Independent Members
1
Employees
2
Volunteers
50

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
2
$99,500
Total Directors
3
$99,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alanna Collins President 40.00
Officer Director
$36,000 $36,000 $72,000
David Hailey Vice President 40.00
Officer Director
$27,500 $0 $27,500
Nick Scotto Secretary 1.00
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 $316,502 $232,220 $74,454 $84,282
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