Eternal Life Agape Ministries 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

1990

Legal Domicile

Principal Officer

Rev Luke Ghookas Yeghnazar

Phone

8187415678

Tax Period

2024-01-01 to 2024-12-31

Eternal Life Agape Ministries Inc, founded in 1990, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 34% operating margin.

Mission

Church Planting, Publishing, Church Planting Vehicles, Audio Players, aid and support for Persecuted Christian people.

Program Service Accomplishments

Program 1

Expenses: $176,146 Revenue: $383,816

All balances carried forward as per approval of Board of Directors.

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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 $383,815

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $383,816

Expense Breakdown

Grants Paid $109,900

Salaries & Benefits $26,046

Fundraising Expenses $0

Program Expenses $176,146

Other Expenses $119,133

TOTAL EXPENSES $255,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,816	$359,459	+0.1%
Expenses	$255,079	$366,059	-0.3%
Net Income	$128,737	$-6,600	-20.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Luke Ghookas Yeghnazar	President	40.00	Director	$24,000	$0	$24,000
Eric Leon	Treasurer	0.00	Director	$0	$0	$0
Farshid Babazadeh	Director	0.00	Director	$0	$0	$0
Rev Iman Bani-Tahmaseb	Director	0.00	Director	$0	$0	$0
Melody Yeghnazar	Secretary	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	$383,816	$255,079	$871,920	$128,737
2022	$442,624	$363,522	$855,352	$79,102
2021	$388,951	$339,515	$777,122	$49,436
2020	$304,105	$211,392	$763,442	$92,713