CHURCH FINANCE CORPORATION (EIN 850387276) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

RICK BREEDEN

Phone

5053323777

Tax Period

2023-01-01 to 2023-12-31

CHURCH FINANCE CORPORATION, founded in 1960, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 38% operating margin.

Mission

THE CHURCH FINANCE CORPORATION (CORPORATION) IS A NEW MEXICO NON-PROFIT CORPORATION FOUNDED IN 1960. THE CORPORATION WAS FORMED TO ASSIST SOUTHERN BAPTIST AND OTHER EVANGELICAL CHRISTIAN CHURCHES AND RELATED MINISTRIES IN OBTAINING OR PROVIDING FINANCING FOR THE PURPOSE OF PURCHASING PROPERTY AND ERECTING OR IMPROVING BUILDINGS. THE CORPORATION'S MAJOR REVENUE SOURCES ARE FROM INTEREST INCOME FROM LOANS RECEIVABLE AND LOAN PROCESSING FEES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,196

Program Service Revenue $4,655,189

Investment Income $579,215

Other Revenue $0

TOTAL REVENUE $5,235,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,099,431

Other Expenses $3,236,162

TOTAL EXPENSES $3,236,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,235,600	$3,903,790	+0.3%
Expenses	$3,236,162	$2,987,060	+0.1%
Net Income	$1,999,438	$916,730	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$352,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK BREEDEN	PRESIDENT	40.00	Officer	$0	$72,938	$352,108
LEWIS WILLIAMS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE COEY	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
KIRK HUDSON	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDA DEAN	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EWING	DIRECTOR	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	No data	No data	No data	No data
2023	$5,235,600	$3,236,162	$83,787,311	$1,999,438
2022	$3,903,790	$2,987,060	$88,136,013	$916,730
2021	$3,443,056	$2,875,426	$87,251,202	$567,630
2020	$2,957,002	$2,653,907	$77,377,479	$303,095
2019	$3,274,222	$2,436,350	$65,195,387	$837,872
2018	$3,140,313	$2,311,439	$60,666,793	$828,874

CHURCH FINANCE CORPORATION