HONDURAS MINISTRIES INC (EIN 142000189) - 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

2007

Legal Domicile

Principal Officer

JIM MARTIN

Tax Period

2023-01-01 to 2023-12-31

HONDURAS MINISTRIES INC, founded in 2007, is a small nonprofit in the International Affairs sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $219K left a modest 10% surplus.

Mission

TO MAINTAIN THE ASSOCIATION MINISTERIOS PAN DE VIDA. THE GENERAL PURPOSE OF THE ORGANIZATION IS TO OPERATE SOLELY AS A CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATION ORGANIZATION.

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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 $242,688

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,688

Expense Breakdown

Grants Paid $159,000

Salaries & Benefits $27,128

Fundraising Expenses $0

Program Expenses $159,000

Other Expenses $32,633

TOTAL EXPENSES $218,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,688	$190,320	+0.3%
Expenses	$218,761	$204,866	+0.1%
Net Income	$23,927	$-14,546	-2.6%

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

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
PHIL HAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LUKE THORNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMA VAVRICEK	BOARD MEMBER	2.00	Director	$0	$0	$0
DALE OHMART	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM MARTIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
JENNIFER GENOVA	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNIS CHO	TREASURER	2.00	Officer 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	No data	No data	No data	No data
2023	$242,688	$218,761	$67,378	$23,927
2022	$190,320	$204,866	$43,668	$-14,546
2021	$220,849	$205,949	$57,773	$14,900
2020	$162,479	$142,992	$42,871	$19,487
2019	$202,506	$217,179	$21,385	$-14,673

HONDURAS MINISTRIES INC