EMPOWERMENT MINISTRIES INCORPORATED (EIN 061514797) - 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

1997

Legal Domicile

Principal Officer

FLOYD FLAKE

Phone

5163346516

Tax Period

2024-01-01 to 2024-12-31

EMPOWERMENT MINISTRIES INCORPORATED, founded in 1997, is a small nonprofit in the Religion sector that reported $661K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 34% operating margin.

Mission

TO SPREAD THE WORD OF JESUS CHRIST

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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 $134,024

Program Service Revenue $0

Investment Income $55,076

Other Revenue $471,432

TOTAL REVENUE $660,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,844

Fundraising Expenses $0

Program Expenses $371,623

Other Expenses $369,788

TOTAL EXPENSES $436,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,532	$474,406	+0.4%
Expenses	$436,632	$303,477	+0.4%
Net Income	$223,900	$170,929	+0.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLOYD H FLAKE	PRESIDENT	40.00	Officer Director Key Emp	$0	$0	$0
MARGARET E FLAKE	V PRES	40.00	Officer Director	$0	$0	$0
EDWIN REID	SEC/TREAS	1.00	Officer Director	$0	$0	$0
CLAUDETTE A COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA L HALE	DIRECTOR	1.00	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	$660,532	$436,632	$2,872,601	$223,900
2023	$474,406	$303,477	$2,649,737	$170,929
2022	$214,763	$206,549	$2,657,170	$8,214
2021	$257,180	$219,561	$1,054,922	$37,619
2020	$259,175	$168,944	$1,017,402	$90,231
2019	$298,283	$207,873	$926,774	$90,410

EMPOWERMENT MINISTRIES INCORPORATED