Our Safe Harbor Church (EIN 853754441) - 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

Patrick Mead

Tax Period

2024-01-01 to 2024-12-31

Our Safe Harbor Church, founded in 2020, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Expenses of $574K left a modest 13% surplus.

Mission

Our Safe Harbor Church is a virtual Christian church whose mission is to link together home churches from across the world. We achieve this by live-streaming worship services, messages on Scripture and Bible studies. Anyone in the world can access the content, with a connection to the Internet. The church does not charge a fee. The church collects charitable contributions from the general public to support and fund our live-stream worship services and from time to time we issue grants to other charitable organizations and people in need of support.

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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 (2024)

Revenue Breakdown

Contributions & Grants $636,583

Program Service Revenue $0

Investment Income $23,971

Other Revenue $0

TOTAL REVENUE $660,554

Expense Breakdown

Grants Paid $70,271

Salaries & Benefits $371,816

Fundraising Expenses $0

Program Expenses $505,682

Other Expenses $132,162

TOTAL EXPENSES $574,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,554	$628,261	+0.1%
Expenses	$574,249	$474,810	+0.2%
Net Income	$86,305	$153,451	-0.4%

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

N/A

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

$266,937

Total Directors

$116,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Mead	President & CEO	40.00	Officer	$127,000	$23,242	$150,242
David Cassilly	Executive Dir.	40.00	Officer Director	$93,500	$23,195	$116,695
Jon Knutson	Minister	40.00		$84,667	$12,825	$97,492
Ron Tepner	Director	2.00	Director	$0	$0	$0
Jeanan Stuart	Director	1.00	Director	$0	$0	$0
Erick Hanson	Director	1.00	Director	$0	$0	$0
Mary Alice Espinosa	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
2025	No data	No data	No data	No data
2024	$660,554	$574,249	$670,278	$86,305
2023	$627,722	$468,240	$584,429	$159,482
2022	$548,104	$433,980	$426,946	$114,124
2021	$570,024	$313,018	$312,994	$257,006

Our Safe Harbor Church