REC MINISTRIES (EIN 030404660) - 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

2002

Legal Domicile

Principal Officer

RONALD E COTTLE SR

Phone

7062560100

Tax Period

2023-01-01 to 2023-12-31

REC MINISTRIES, founded in 2002, is a micro nonprofit in the Religion sector that reported $66K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 270% operating deficit.

Mission

TO SPREAD THE GOOD NEWS OF JESUS CHRIST THROUGH PREACHING, TEACHING, REVIVALS, PRINT MATERIALS, ETC. THE MINISTRY IS DIRECTED BY DR. RONALD E. COTTLE, SR., A FORMER PASTOR, TEACHER, AND EVANGELIST OF MANY YEARS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,009

Program Service Revenue $0

Investment Income $-37,151

Other Revenue $1,654

TOTAL REVENUE $65,512

Expense Breakdown

Grants Paid $17,961

Salaries & Benefits $77,200

Fundraising Expenses $0

Program Expenses $242,674

Other Expenses $147,513

TOTAL EXPENSES $242,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,512	$136,976	-0.5%
Expenses	$242,674	$265,524	-0.1%
Net Income	$-177,162	$-128,548	+0.4%

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

$72,000

Total Directors

$77,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD E COTTLE SR	President	40.00	Officer Director	$72,000	$0	$72,000
VIRGINIA CORNETT	Trustee	3.00	Director	$5,200	$0	$5,200
GLORIA THOMAS	Trustee	3.00	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
2023	$65,512	$242,674	$684,072	$-177,162
2022	$136,976	$265,524	$873,549	$-128,548
2021	$-488,343	$221,353	$1,014,062	$-709,696
2020	$124,277	$316,628	$1,751,244	$-192,351

REC MINISTRIES