Blessed Ministries Inc (EIN 061549887) - 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

1999

Legal Domicile

Principal Officer

Sean LaCon

Phone

9737339675

Tax Period

2021-01-01 to 2021-12-31

Blessed Ministries Inc, founded in 1999, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2021. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 5% surplus.

Mission

BMI Mission is to focus on connecting economically disadvantaged workers with mainstream companies. This mission is accomplished by providing employment through placement assistance to unemployed disadvantaged individuals such as welfare recipients, ex-offenders, substance absuers, veterans, and other individually situated from various communities and backgrounds.

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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 (2021)

Revenue Breakdown

Contributions & Grants $55,927

Program Service Revenue $1,964,063

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,019,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,271

Fundraising Expenses $0

Program Expenses $1,605,936

Other Expenses $1,286,984

TOTAL EXPENSES $1,909,255

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,019,990	$1,237,216	+0.6%
Expenses	$1,909,255	$1,334,767	+0.4%
Net Income	$110,735	$-97,551	-2.1%

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

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

Total Directors

$340,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean LaCon	Executive Dir.	40.00	Director	$200,000	$20,040	$220,040
Lisa LaCon	Director	40.00	Director	$120,000	$0	$120,000
Lester S Shelley	Chairman	5.00	Director	$0	$0	$0
Roberta Shannon	Trustee	5.00	Director	$0	$0	$0
Joseph Robinson Jr	Trustee	5.00	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
2021	$2,019,990	$1,909,255	$1,239,301	$110,735
2020	$1,237,216	$1,334,767	$1,091,397	$-97,551

Blessed Ministries Inc