IRON SHARPENS IRON MINISTRIES INC (EIN 200727122) - 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

2004

Legal Domicile

Principal Officer

DAVID COOK

Phone

8309663548

Tax Period

2023-01-01 to 2023-12-31

IRON SHARPENS IRON MINISTRIES INC, founded in 2004, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $388K, a strong 24% operating margin.

Mission

TO ENCOURAGE PERSONAL SPIRITUAL DEVELOPMENT IN THE CHRISTIAN FAITH.

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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 $281,299

Program Service Revenue $28,000

Investment Income $42,325

Other Revenue $1,252,177

TOTAL REVENUE $1,603,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,060

Fundraising Expenses $0

Program Expenses $1,019,673

Other Expenses $912,025

TOTAL EXPENSES $1,216,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,603,801	$1,419,032	+0.1%
Expenses	$1,216,085	$576,163	+1.1%
Net Income	$387,716	$842,869	-0.5%

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

$304,060

Total Directors

$304,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L COOK	PRESIDENT	30.00	Officer Director	$277,060	$27,000	$304,060
KEITH LESLIE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF GATELY	SECRETARY	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
2024	No data	No data	No data	No data
2023	$1,603,801	$1,216,085	$1,719,440	$387,716
2022	$1,419,032	$576,163	$1,347,909	$842,869
2021	$454,271	$334,439	$480,014	$119,832
2020	$384,232	$291,819	$361,092	$92,413
2019	$264,441	$244,032	$269,925	$20,409
2018	$284,330	$263,350	$233,245	$20,980

IRON SHARPENS IRON MINISTRIES INC