KINGDOM BOUND MINISTRIES INC

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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

1988

Legal Domicile

Phone

7166331117

Tax Period

2024-10-01 to 2025-09-30

KINGDOM BOUND MINISTRIES INC, founded in 1988, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION SEEKS TO FURTHER THE GOSPEL OF JESUS CHRIST THROUGH THE PERFORMANCE OF CHRISTIAN MUSIC AND THE PARTICIPATION IN INFORMATIONAL AND CULTURAL PROGRAMS RELATING TO CHRISTIANITY AND CHRISTIAN ARTS. THE ORGANIZATION SPONSORS AN ANNUAL CHRISTIAN ARTS (CONT SCH.O)

Program Service Accomplishments

Program 1

Expenses: $1,845,157 Revenue: $2,037,429

THE ORGANIZATION HOSTED ITS ANNUAL KINGDOM BOUND FESTIVAL AT DARIEN LAKE THEME PARK DURING AUGUST 2024.

Program 2

Expenses: $263,186 Revenue: $153,612

DURING THE YEAR, THE ORGANIZATION PRESENTED MUSICAL CONCERTS WHICH WERE PERFORMED BY DIFFERENT CHRISTIAN VOCAL AND INSTRUMENTAL ARTISTS AT VARIOUS LOCATIONS.

Program 3

Expenses: $33,553

THE ORGANIZATION PARTICIPATED IN PROVIDING BENEVOLENT SUPPORT TO NEEDY INDIVIDUALS AND MINISTRIES DURING THE YEAR.

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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 $24,934

Program Service Revenue $2,166,107

Investment Income $841

Other Revenue $0

TOTAL REVENUE $2,191,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,141,896

Other Expenses $2,192,578

TOTAL EXPENSES $2,192,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,191,882	$2,192,438	0.0%
Expenses	$2,192,578	$2,133,068	+0.0%
Net Income	$-696	$59,370	-1.0%

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

100

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

$47,758

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA M RUSSO	EXECUTIVE DIRECTOR	40.00	Key Emp	$47,758	$0	$47,758
KAREN HARDICK	DIRECTOR	2.00	Director	$0	$0	$0
HOLT VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
RAY HEERES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ORNELLA	DIRECTOR	1.00	Director	$0	$0	$0
MARIO DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LENNON	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA GROSS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PEACE	DIRECTOR AND VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
FORREST MILLER	DIRECTOR AND TREASURER	1.00	Officer Director	$0	$0	$0
ANNE COOPER	DIRECTOR AND SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF HACKETT	DIRECTOR AND BOARD CHAIRPERSON	1.00	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
2025	$2,191,882	$2,192,578	$954,593	$-696
2024	$2,192,438	$2,133,068	$882,833	$59,370
2023	$2,074,137	$2,009,830	$848,719	$64,307
2022	$1,596,229	$1,436,886	$722,612	$159,343
2022	$1,596,229	$1,436,886	$722,612	$159,343
2021	$578,752	$308,236	$1,161,143	$270,516
2020	$177,499	$443,952	$979,288	$-266,453
2019	$2,041,884	$1,904,530	$647,841	$137,354
2018	$2,052,356	$1,932,964	$675,672	$119,392