WALNUT GROVE COMMUNITY CHURCH

EIN: 931374158 501(c)(3) Religion

WINCHESTER, TN

Total Revenue
$1,979,577
Total Expenses
$74,460
Total Assets
$1,905,117
Net Assets
$1,905,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TN
Principal Officer
JERRY LIMBAUGH
Tax Period
2023-05-31 to 2023-12-31

WALNUT GROVE COMMUNITY CHURCH, founded in 2023, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 96% operating margin.

Mission

WORSHIP AS CHRISTIANS PROMOTING FELLOWSHIP WHERE THE STUDY, TEACHING, AND LIVING OF GODS WORD, THE MINISTERING TO THE SICK AND THOSE IN CRISIS AND THE PROVIDING OF SPIRITUAL GUIDANCE EXEMPLIFY OUR FAITH AND INVITES ALL PEOPLE TO BECOME FOLLOWERS OF CHRIST.

Program Service Accomplishments

Program 1
Expenses: $45,184

SUPERVISING AND MAINTAINING THE CHURCHS PROPERTY IS VITAL TO HAVING SAFE AND COMFORTABLE SPACES TO SUPPORT OUR MINISTRIES THE TRUSTEES, ELECTED ANNUALLY, SUPERVISE THE USE OF ALL BUILDINGS, THE...

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SUPERVISING AND MAINTAINING THE CHURCHS PROPERTY IS VITAL TO HAVING SAFE AND COMFORTABLE SPACES TO SUPPORT OUR MINISTRIES THE TRUSTEES, ELECTED ANNUALLY, SUPERVISE THE USE OF ALL BUILDINGS, THE GYMNASIUM, AND CEMETERY BY ESTABLISHING AND ENFORCING POLICIES FOR THEIR USE BY GROUPS BOTH WITHIN AND OUTSIDE OF THE CHURCH; THEY ALSO ARRANGE FOR CUSTODIAL AND GROUNDS MAINTENANCE. PAYING FOR INSURANCE COVERAGE AND UTILITIES SUCH AS GAS AND ELECTRICITY ARE SIGNIFICANT COSTS; THESE COSTS ARE FUNDED BY COLLECTIONS AND DONATIONS RECEIVED DURING THE REGULAR WORSHIP SERVICES. COSTS ASSOCIATED WITH THE CEMETERY ARE FUNDED BY A SPECIAL COLLECTION TAKEN DURING AN ANNUAL HOMECOMING AND MEMORIAL WORSHIP SERVICE. THE GYMNASIUM IS USED BY SEVERAL OUTSIDE GROUPS INCLUDING A LOCAL MENNONITE CONGREGATION FOR SPECIAL MEALS AND VOLLEY BALL GAMES, HUNTLAND SCHOOL, T-BALL TEAMS, ANNUAL FAMILY REUNIONS, FUNERAL MEALS AND FOOD DISTRIBUTION. DONATIONS ARE RECEIVED FROM THESE GROUPS.

Program 2
Expenses: $25,484 Revenue: $75,679

WORSHIP IS OUR PRINCIPAL ACTIVITY. THE CHURCH COMES TOGETHER EACH SUNDAY AT 11AM, THERE ARE GREETINGS, MUSIC, AND HYMNS, PRAYER AND PRAISE; RESPONSES INCLUDE ACTS OF COMMITMENT AND FAITH WITH...

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WORSHIP IS OUR PRINCIPAL ACTIVITY. THE CHURCH COMES TOGETHER EACH SUNDAY AT 11AM, THERE ARE GREETINGS, MUSIC, AND HYMNS, PRAYER AND PRAISE; RESPONSES INCLUDE ACTS OF COMMITMENT AND FAITH WITH OFFERINGS OF CONCERNS, PRAYERS AND COLLECTION OF GIFTS. THE CHURCH MEETS AT OTHER TIMES FOR SPECIAL OCCASIONS SUCH AS AN ANNUAL REVIVAL MEETING, BAPTISMS, WEDDINGS, AND FUNERALS. THESE SERVICES ARE LED BY THE PASTOR SUPPORTED BY VOLUNTEERS. FUNDS COLLECTED DURING WORSHIP PAY MOST OF THE EXPENSES OF THE CHURCH. THE PASTOR IS THE ONLY PAID EMPLOYEE OF THE CHURCH. ATTENDANCE AT THE SUNDAY SERVICES IS ABOUT 35.

Program 3
Expenses: $3,792

CHRISTIAN EDUCATION IS VITAL TO HELPING CHURCH MEMBERS DEVELOP BIBLE LITERACY AND ACHIEVE THE GIFTS AND ABILITIES TO GROW INTO THE IMAGE OF CHRIST. EACH SUNDAY ABOUT 10AM BASIC BIBLE STUDY CLASSES...

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CHRISTIAN EDUCATION IS VITAL TO HELPING CHURCH MEMBERS DEVELOP BIBLE LITERACY AND ACHIEVE THE GIFTS AND ABILITIES TO GROW INTO THE IMAGE OF CHRIST. EACH SUNDAY ABOUT 10AM BASIC BIBLE STUDY CLASSES ARE OFFERED TO ALL; ON AVERAGE ABOUT 15 MEMBERS ATTEND THIS SUNDAY SCHOOL. WEEKLY ON WEDNESDAY EVENING ABOUT 7PM CHURCH MEMBERS JOIN WITH MEMBERS OF OTHER LOCAL CHURCHES FOR BIBLE STUDY. VACATION BIBLE SCHOOL IS A SUMMER CHURCH OUTREACH FOCUSED ON GIVING KIDS A FUN AND CREATIVE TIME TO LEARN ABOUT THE BIBLE, TO BUILD RELATIONSHIPS WITH CHILDREN IN THE SURROUNDING COMMUNITY AND TO CREATE EVANGELISM OPPORTUNITIES. ABOUT 20 CHILDREN AND WORKERS PARTICIPATED.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,968,316
Program Service Revenue $0
Investment Income $446
Other Revenue $10,815
TOTAL REVENUE $1,979,577

Expense Breakdown

Grants Paid $3,334
Salaries & Benefits $21,000
Fundraising Expenses $0
Program Expenses $74,460
Other Expenses $50,126
TOTAL EXPENSES $74,460

Year-over-Year Comparison

2023 2022 Change
Revenue $1,979,577 N/A N/A
Expenses $74,460 N/A N/A
Net Income $1,905,117 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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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
25

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
4
$0
Total Directors
12
$0
Key Employees
1
$21,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN DICKEY PASTOR 0.00
Key Emp Highest
$21,000 $0 $21,000
SUSAN DICKEY EDUCATION CHAIR 0.00
Director
$0 $0 $0
LINDA LIMBAUGH WORSHIP CHAIR 0.00
Director
$0 $0 $0
ZORA KELLY WOMENS GROUP REP 0.00
Director
$0 $0 $0
BECKY HASTON CEMETERY TREASURER 0.00
Director
$0 $0 $0
SHAYNEE DICKEY YOUTH MINISTRY CHAI 0.00
Director
$0 $0 $0
ANNETTE KING LAY LEADER 0.00
Director
$0 $0 $0
HARRY LIMBAUGH TRUSTEES CHAIR 0.00
Director
$0 $0 $0
JOHN ROBERTSON PASTORAL RELATIONS CHAIR 0.00
Director
$0 $0 $0
JEFF QUATTLEBAUM VICE CHAIR 0.00
Officer Director
$0 $0 $0
JERRY LIMBAUGH CHAIR 0.00
Officer Director
$0 $0 $0
RITA PADGETT TREASURER 0.00
Officer Director
$0 $0 $0
DENISE ROBERTSON SECRETARY 0.00
Officer 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
2023 $1,979,577 $74,460 $1,905,117 $1,905,117
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