SOLE MINISTRIES

EIN: 201788723 501(c)(3) Religion

ALBUQUERQUE, NM

Total Revenue
$205,246
Total Expenses
$130,936
Total Assets
$564,428
Net Assets
$186,086
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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
2005
Legal Domicile
NM
Principal Officer
RON CERVANTES
Phone
5055540654
Tax Period
2022-01-01 to 2022-12-31

SOLE MINISTRIES, founded in 2005, is a small nonprofit in the Religion sector that reported $205K in total revenue in fiscal year 2022. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 36% operating margin.

Mission

CHRISTIAN MINISTRY- TO GLORIFY GOD BY PROVIDING FAMILIES WITH A DISTINCTLY CHRIST-CENTERED, BIBLICAL FOUNDATION, FOR A LIFE-LONG PURSUIT OF THEIR GOD-GIVEN CALLING. DEVELOP CHRISTIAN WORLDVIEW THINKING, SO THAT CHRISTIANS EVALUATE THEIR ENTIRE RANGE OF EXPERIENCE IN LIGHT OF SCRIPTURE. ENCOURAGE EVERY CHRISTIAN TO BEGIN AND DEVELOP HIS/HER RELATIONSHIP WITH GOD THE FATHER THROUGH JESUS CHRIST. PROVIDE A CLEAR MODEL OF BIBLICAL CHRISTIAN LIFE AND CULTURE THROUGH OUR FACULTY, STAFF, AND BOARD. TEACH ALL SUBJECTS AS PART OF AN INTEGRATED WHOLE WITH SCRIPTURE AT THE CENTER. ESTABLISH LOCAL AND INTERNATIONAL HUMANITARIAN AID PROGRAMS THAT PROVIDE FOR THOSE MOST IMPOVERISHED.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $204,921
Program Service Revenue $0
Investment Income $325
Other Revenue $0
TOTAL REVENUE $205,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,867
Fundraising Expenses $0
Program Expenses $127,676
Other Expenses $87,069
TOTAL EXPENSES $130,936

Year-over-Year Comparison

2022 2021 Change
Revenue $205,246 $135,980 +0.5%
Expenses $130,936 $134,144 0.0%
Net Income $74,310 $1,836 +39.5%
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

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
5

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
3
$17,946
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA TOLLE DIRECTOR 20.00
Director
$0 $0 $0
MARY STEVENSON DIRECTOR 20.00
Director
$0 $0 $0
PATRICIA RUYBAL DIRECTOR 20.00
Director
$0 $0 $0
RONALDO CERVANTES PRESIDENT 40.00
Officer
$17,946 $0 $17,946
VENTURA RUYBAL EXECUTIVE DIRECTOR 20.00
Officer
$0 $0 $0
AMY SPROSS DIRECTOR 20.00
Officer
$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
2022 $205,246 $130,936 $564,428 $74,310
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