MILPITAS, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF CHRIST FOUNDATION, founded in 2001, is a small nonprofit that reported $201K in total revenue in fiscal year 2021. Revenue surged 1845% from the prior year, signaling strong growth momentum. Expenses of $862K exceeded revenue, resulting in a 329% operating deficit.
PROVIDE SUPPORT FOR THE CHRIST-CENTERED NEEDS AND MISSIONS OF CHRIST COMMUNITY CHURCH OF MILPITAS BOTH NOW AND IN THE FUTURE.
WITH THE DEPARTURE OF THE SENIOR PASTOR AT CCCM EARLY IN 2019, THE CHURCH SOUGHT AND SECURED A TRANSITIONAL PASTOR. THE FOUNDATION PROVIDED A GRANT TO COVER THE HOUSING COSTS FOR THE TRANSITIONAL...
WITH THE DEPARTURE OF THE SENIOR PASTOR AT CCCM EARLY IN 2019, THE CHURCH SOUGHT AND SECURED A TRANSITIONAL PASTOR. THE FOUNDATION PROVIDED A GRANT TO COVER THE HOUSING COSTS FOR THE TRANSITIONAL PASTOR UNTIL HE DEPARTED IN LATE JUNE 2021. THIS INCLUDES RENT, FURNITURE RENTAL, UTILITIES, AND RENTER'S INSURANCE. CCCM HAD AN ACTIVE SEARCH FOR A SENIOR PASTOR AND THE POSITION WAS FILLED IN 2021. SINCE CCCM IS LOCATED IN ONE OF THE HIGHEST COST OF LIVING AREAS IN THE COUNTRY, THE FOUNDATION REVIEWED THE INVESTMENT PORTFOLIO AND REPOSITIONED INVESTMENTS TO ENABLE LIQUIDITY, RAISE ADDITIONAL FUNDS, AND IN LATE AUGUST PROVIDED A SIZABLE GRANT TO CCCM THAT WAS USED TO PURCHASE A PARSONAGE FOR THE NEW SENIOR PASTOR AND FAMILY TO LIVE IN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $200,968 | $10,333 | +18.4% |
| Expenses | $861,624 | $81,602 | +9.6% |
| Net Income | $-660,656 | $-71,269 | +8.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES RON WETTER | PRESIDENT FROM 1/1/21 | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LENNY TRIGLIA | VICE PRES FROM 1/1/21 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM ALCORN | SECRETARY FROM 1/1/21 | 1.00 |
Officer
Director
|
$0 | $38,435 | $38,435 |
| MARK SIMMONS | TREASURER | 2.00 |
Officer
Director
|
$0 | $66,300 | $66,300 |
| DON CHIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALBERT WEITZEL | DIRECTOR FROM 1/1/2021 | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL BARNES | DIRECTOR FROM 1/1/2021 | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $200,968 | $861,624 | $12,432 | $-660,656 |
| 2020 | $10,333 | $81,602 | $691,952 | $-71,269 |
| 2019 | $357,319 | $40,665 | $744,514 | $316,654 |
| 2018 | $231,971 | $7,537 | $427,431 | $224,434 |
Compare FRIENDS OF CHRIST FOUNDATION with other nonprofits in California and across the country.