Golden Cross Foundation Fka

Nonprofit profile at a glance

EIN
462817120
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2021, Form 990-N 2015
Location
Brentwood, TN, USA
Phone
6156603509
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$457,929
Expenses
$456,248
Assets
$139,043
Liabilities
$5,660

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • JOHN RIVAS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHN RIVAS (EXECUTIVE DIRECTOR): $91,000 total reported compensation
  • RICHARD GENTZLER (DIRECTOR): $66,000 total reported compensation
  • CINDY SOLOMON (DIRECTOR): $41,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Encore ministry foundation is a ministry by, with, and for older adults providing quality resources and collaborative solutions empowering older adults to experience grace-filled lives

What it reported doing in 2024

Encore ministry foundation, in partnership with ut chattanoogas school of nursing, hosted two older adult ministry training events in 2024 in memphis and clarksville. Dozens of participants, both in person and via live streaming, listened to area experts speak on topics such as healthy aging, older adult ministry, congregational caregiving, legal issues, and emergency preparedness. Throughout 2024, a monthly online learning series featured area experts discussing topics such as building community with older adults, embracing aging, spiritual invitations at the end of life, living a legacy, and navigating ministry and social isolation.

Operating model

Revenue model
Affiliate-supported. 89% of the money available for current operations came from contributions from related organizations.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 86
  • Accountability: 69
  • Sustainability: 28
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: $3,538.87 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.9%; rating input score 89; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.4%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 43.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: -17.7% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 81.6% of spending went to programs
  • Governance: 24 of 24 board members independent · 2 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $372K in reported program spending
  • Leadership: top reported pay $91K · 24 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.