Adore Ministries Inc (EIN 201854310) - 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

2012

Legal Domicile

Principal Officer

Gordon Moore

Phone

8322092190

Tax Period

2023-01-01 to 2023-12-31

Adore Ministries Inc, founded in 2012, is a small nonprofit in the Religion sector that reported $772K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $888K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Organization's mission is embodied in Paragraph 2097 of the Catechism of the Catholic Church. To invite peope to bow their lives in worship of God and to live for Him alone. We accomplish this daunting task through outreaches of evangelization, discipleship and empowerment.

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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 $442,514

Program Service Revenue $327,600

Investment Income $2,093

Other Revenue $0

TOTAL REVENUE $772,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,717

Fundraising Expenses $0

Program Expenses $763,630

Other Expenses $120,301

TOTAL EXPENSES $888,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$772,207	$874,564	-0.1%
Expenses	$888,018	$833,316	+0.1%
Net Income	$-115,811	$41,248	-3.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Verena Borgman	Director	5.00	Officer Director	$0	$0	$0
Arlene Novak	Chairman	5.00	Officer Director	$0	$0	$0
Kimberely Muncy	Chairman	5.00	Officer Director	$0	$0	$0
Fr Chad Henry	Trustee	0.00	Director	$0	$0	$0
Fr Clint Ressler	Trustee	0.00	Director	$0	$0	$0
Fr Christopher Plant	Trustee	0.00	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	No data	No data	No data	No data
2023	$772,207	$888,018	$23,100	$-115,811
2022	$874,564	$833,316	$136,748	$41,248
2021	$794,328	$749,980	$125,107	$44,348
2020	$717,981	$704,568	$77,044	$13,413
2019	$1,036,273	$1,076,886	$63,613	$-40,613
2018	$1,116,531	$1,268,794	$106,275	$-152,263

Adore Ministries Inc