LAKE CHURCH AT HORSESHOE BAY

EIN: 934151701 501(c)(3) Religion

HORSESHOE BAY, TX

Total Revenue
$8,076,766
Total Expenses
$798,901
Total Assets
$12,096,791
Net Assets
$12,068,521
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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
2023
Legal Domicile
TX
Principal Officer
GENE GLAESER
Phone
5127518240
Tax Period
2025-01-01 to 2025-12-31

LAKE CHURCH AT HORSESHOE BAY, founded in 2023, is a community nonprofit in the Religion sector that reported $8.1M in total revenue in fiscal year 2025. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 90% operating margin.

Mission

ADVANCEMENT OF RELIGION BY ENGAGING IN WORSHIP, SPIRITUAL DEVELOPMENT AND PROMULGATION OF ITS RELIGIOUS BELIEFS.

Program Service Accomplishments

Program 1
Expenses: $798,901

LAKE CHURCH AT HORSESHOE BAY ACCOMPLISHED THE ADVANCEMENT OF RELIGION BY ENGAGING THE CONGREGATION IN WORSHIP AND SPIRTUAL DEVELOPMENT. LAKE CHURCH AT HORSESHOE BAY ALSO ASSISTED IN THE RELIEF OF THE...

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LAKE CHURCH AT HORSESHOE BAY ACCOMPLISHED THE ADVANCEMENT OF RELIGION BY ENGAGING THE CONGREGATION IN WORSHIP AND SPIRTUAL DEVELOPMENT. LAKE CHURCH AT HORSESHOE BAY ALSO ASSISTED IN THE RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEGED.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $7,921,326
Program Service Revenue $0
Investment Income $155,440
Other Revenue $0
TOTAL REVENUE $8,076,766

Expense Breakdown

Grants Paid $27,000
Salaries & Benefits $208,415
Fundraising Expenses $0
Program Expenses $798,901
Other Expenses $563,486
TOTAL EXPENSES $798,901

Year-over-Year Comparison

2025 2024 Change
Revenue $8,076,766 $5,356,492 +0.5%
Expenses $798,901 $621,060 +0.3%
Net Income $7,277,865 $4,735,432 +0.5%
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

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Governance

Voting Members
3
Independent Members
2
Employees
4
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
1
$100,000
Total Directors
2
$0
Key Employees
1
$100,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE GLAESER PASTOR 0.00
Officer Key Emp
$100,000 $0 $100,000
HUTCH UTT DIRECTOR 0.00
Director
$0 $0 $0
DAVID SHOCKLEY DIRECTOR 0.00
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 $8,076,766 $798,901 $12,096,791 $7,277,865
2024 $5,356,492 $621,060 $4,869,049 $4,735,432
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