AGAPE RENEWAL MINISTRY (EIN 943041037) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

HUNG TAI FAN

Phone

9097180180

Tax Period

2024-01-01 to 2024-12-31

AGAPE RENEWAL MINISTRY, founded in 2006, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $7.0M represent 73 months of operating reserves.

Mission

THE ORGANIZATION'S GOAL IS TO SPREAD THE GOSPEL AND PROVIDE CHRISTIAN LEADERSHIP TRAINING TO PASTORS AND CHURCH LEADERS BY PROVIDING SEMINARS, CONFERENCES AND THEOLOGICAL AND BIBLE COURSES THROUGH REGULAR AND CLASSROOM INSTRUCTION.

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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 $887,294

Program Service Revenue $273,180

Investment Income $502

Other Revenue $0

TOTAL REVENUE $1,160,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,785

Fundraising Expenses $0

Program Expenses $705,791

Other Expenses $571,547

TOTAL EXPENSES $1,160,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,160,976	$1,284,469	-0.1%
Expenses	$1,160,332	$1,361,408	-0.1%
Net Income	$644	$-76,939	-1.0%

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

$20,200

Total Directors

$34,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST C CHAN	CEO	20.00	Director	$14,400	$0	$14,400
HUNG TAI FAN	OFFICER	40.00	Officer Director	$20,200	$0	$20,200
FA CHANG	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID CHYAN	BOARD MEMBER	0.00	Director	$0	$0	$0
TIMOTHY SU	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS TAIWEI LU	BOARD MEMBER	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
2024	$1,160,976	$1,160,332	$8,124,686	$644
2023	$1,284,469	$1,361,408	$8,209,392	$-76,939
2022	$1,195,473	$1,183,690	$8,363,307	$11,783
2021	$1,523,622	$1,178,523	$8,438,167	$345,099
2020	$1,557,937	$1,164,829	$8,175,758	$393,108
2019	$1,402,305	$1,375,265	$7,861,344	$27,040
2018	$1,138,042	$3,127,657	$7,908,044	$-1,989,615

AGAPE RENEWAL MINISTRY