OFF The Chain Ministries Inc

EIN: 203792947 501(c)(3) Religion

Middleburg, FL

Total Revenue
$130,564
Total Expenses
$132,996
Total Assets
$284,090
Net Assets
$284,090
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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
FL
Principal Officer
Daryl Townsend
Phone
9046310351
Tax Period
2022-01-01 to 2022-12-31

OFF The Chain Ministries Inc, founded in 2005, is a small nonprofit in the Religion sector that reported $131K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Net assets of $284K represent 26 months of operating reserves.

Mission

Spread Gospel of Jesus Christ through Prison Evangelism

Program Service Accomplishments

Program 1
Expenses: $2,209 Revenue: $0

Share the gospel of Jesus Christ with prison inmates.

Program 2
Expenses: $75,306 Revenue: $21,334

Inmate Transition from prison, including housing and food.

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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 $104,139
Program Service Revenue $21,334
Investment Income $5,091
Other Revenue $0
TOTAL REVENUE $130,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Program Expenses $77,515
Other Expenses $102,996
TOTAL EXPENSES $132,996

Year-over-Year Comparison

2022 2021 Change
Revenue $130,564 $212,116 -0.4%
Expenses $132,996 $100,709 +0.3%
Net Income $-2,432 $111,407 -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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Governance

Voting Members
4
Independent Members
2
Employees
N/A
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
2
$30,000
Total Directors
4
$30,000
Key Employees
2
$30,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daryl Townsend Director/President 55.00
Officer Director Key Emp Highest
$0 $30,000 $30,000
Edwin Bonnell Director 0.00
Director
$0 $0 $0
Gary Wyder Director 0.00
Director
$0 $0 $0
Michelle Townsend Director/Secretary 2.00
Officer Director Key Emp
$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 $130,564 $132,996 $284,090 $-2,432
2021 $212,116 $100,709 $286,522 $111,407
2018 $170,388 $124,496 $128,181 $45,892
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