ENGAGE CHURCH NETWORK INC

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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

Principal Officer

MICHAEL GLENN

Phone

6152007429

Tax Period

2024-01-01 to 2024-12-31

ENGAGE CHURCH NETWORK INC, founded in 2023, is a small nonprofit in the Religion sector that reported $743K in total revenue in fiscal year 2024. The organization ran a surplus of $290K, a strong 39% operating margin.

Mission

TRAINING HEALTHY AND SKILLED LEADERS FOR CONGREGATIONS ACROSS MIDDLE TENNESSEE.

Program Service Accomplishments

Program 1

Expenses: $157,297

ENGAGING WITH NEW CHURCH STARTS, EXISTING CHURCHES, CHURCHES IN TRANSITION, AND GROWING CHURCHES TO ASSIST IN HELPING THE LEADERS AND CONGREGATION INVEST IN THEIR COMMUNITIES AND NEIGHBORHOODS.

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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 $742,926

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $742,926

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $212,563

Fundraising Expenses $0

Program Expenses $157,297

Other Expenses $239,576

TOTAL EXPENSES $453,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,926	N/A	N/A
Expenses	$453,389	N/A	N/A
Net Income	$289,537	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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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

Employees

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

$177,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GLENN	PRESIDENT	40.00	Officer	$177,885	$0	$177,885
CHAZ CORZINE	DIRECTOR	1.00	Director	$0	$0	$0
JIM CUMBEE	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL GWALTNEY	CHAIRMAN	1.00	Director	$0	$0	$0
TERRY W TERRILL JR	DIRECTOR	1.00	Director	$0	$0	$0
MATT LARGEN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE RALEY	VICE CHAIR	1.00	Director	$0	$0	$0
CRAIG REED	SECRETARY/TR	1.00	Director	$0	$0	$0
DARREN TYLER	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
2024	$742,926	$453,389	$292,691	$289,537