Liferesource Ministries Inc (EIN 201613651) - 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

William R Jacobs

Phone

5053790813

Tax Period

2024-01-01 to 2024-12-31

Liferesource Ministries Inc, founded in 2004, is a micro nonprofit in the Religion sector that reported $36K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 15% operating deficit.

Mission

To educate parents and congregations about how to help their children develop a relationship with God. LRM produces audio materials and delivers seminars on this topic.

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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 $36,271

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,530

Fundraising Expenses $0

Program Expenses $37,956

Other Expenses $9,181

TOTAL EXPENSES $41,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,271	$40,592	-0.1%
Expenses	$41,711	$48,428	-0.1%
Net Income	$-5,440	$-7,836	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William R Jacobs	Minister	40.00		$24,830	$0	$24,830
William R Jacobs	President	5.00	Officer Director	$0	$0	$0
Kimberly Gard	Sec - Treas	1.00	Officer Director	$0	$0	$0
Donna O'Brien	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	$36,271	$41,711	$5,208	$-5,440
2023	$40,592	$48,428	$10,008	$-7,836
2022	$49,551	$63,775	$17,867	$-14,224
2021	$56,829	$49,847	$31,961	$6,982
2020	$50,960	$61,930	$25,718	$-10,970
2019	$51,194	$42,460	$36,840	$8,734

Liferesource Ministries Inc