Taylorsville Community Church Inc

Nonprofit profile at a glance

EIN
611155158
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-T 2023
Location
Taylorsville, KY, USA
Phone
5024772985
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Reported finances

Revenue
$752,487
Expenses
$600,193
Assets
$3,318,466
Liabilities
$1,430,594

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • LARRY C GOODLETT (PASTOR): $81,345 total reported compensation
  • WHITNEY DRAPER (TREASURER): $32,692 total reported compensation
  • COURTNEY GOODLETT (KIDS MINISTR): $24,952 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

For the purpose of establishing and maintaining a place for the worship of almighty god, our heavenly father; to provide christian fellowship for those of like precious faith, where the holy christ may be honored according to our distinctive testimonies; to assume our share of responsibility and the privilege of propagating the gospel of jesus christ by all avalilable means, both at home and in foreign lands; to recognize ourselves as a local assembly in fellowship with and a part of the general council of the assemblies of god; and, to adopt the articles of church

What it reported doing in 2023

For the purpose of establishing and maintaining a place for the worship of almighty god, our heavenly father; to provide christian fellowship for those of like precious faith, where the holy christ may be honored according to our distinctive testimonies; to assume our share of responsibility and the privilege of propagating the gospel of jesus christ by all avalilable means, both at home and in foreign lands; to recognize ourselves as a local assembly in fellowship with and a part of the general council of the assemblies of god; and, to adopt the articles of church order and submit ourselves to be governed by them.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 81
  • Accountability: 63
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.2%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 5.53; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 24.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 30.3% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 79.8% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $600K in reported program spending
  • Leadership: top reported pay $81K · 4 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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: 6 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.