IGLESIA BIBLICA SUBLIME GRACIA

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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

2021

Legal Domicile

Principal Officer

JOSE LUIS CASORLA

Phone

7209332197

Tax Period

2024-01-01 to 2024-12-31

IGLESIA BIBLICA SUBLIME GRACIA, founded in 2021, is a small nonprofit in the Religion sector that reported $279K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 16% operating margin.

Mission

TO PREACH THE GOSPEL TO FAMILIES AND EVERYBODY WHO WANTS TO GET EDUCATED IN THE WORD OF GOD STUDYING THE BIBLE

Program Service Accomplishments

Program 1

Expenses: $235,655

BIBLE CLASSES AND FAMILY COUNSELING

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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 $0

Program Service Revenue $279,309

Investment Income $0

Other Revenue $0

TOTAL REVENUE $279,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $235,655

Other Expenses $235,655

TOTAL EXPENSES $235,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,309	$229,322	+0.2%
Expenses	$235,655	$201,346	+0.2%
Net Income	$43,654	$27,976	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE L	CASORLA	10	Officer	$0	$0	$0
CARLOS	HERRERA	10	Officer	$0	$0	$0
ANTONIETA	ALVAREZ	4	Officer	$0	$0	$0
JOSE L CASORLA	N/A	10	Officer	$0	$0	$0
CARLOS HERRERA	N/A	10	Officer	$0	$0	$0
ANTONIETA	ALVAREZ	4	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	$279,309	$235,655	$85,004	$43,654
2023	$229,322	$201,346	$166,675	$27,976
2021	$115,609	$1,538	$57,761	$114,071