IHS MINISTRIES INC (EIN 204073073) - 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

2005

Legal Domicile

Principal Officer

JAY A CORY

Phone

6029959484

Tax Period

2024-01-01 to 2024-12-31

IHS MINISTRIES INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $122K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $164K exceeded revenue, resulting in a 34% operating deficit.

Mission

IHS SUPPORTS THE MISSION OF ALONG SIDE MINISTRIES BY RAISING CAPITAL AND MANAGING ASSETS.

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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 $0

Program Service Revenue $68,000

Investment Income $54,194

Other Revenue $0

TOTAL REVENUE $122,194

Expense Breakdown

Grants Paid $113,524

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,860

Other Expenses $50,030

TOTAL EXPENSES $163,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,194	$148,700	-0.2%
Expenses	$163,554	$100,590	+0.6%
Net Income	$-41,360	$48,110	-1.9%

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

N/A

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

$144,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY CORY	EX OFFICIO - NON-VOTING	3.00	Officer	$0	$3,801	$144,557
EDWARD JOHNSON	BOARD MEMBER	3.00	Director	$0	$0	$0
TERRY ELLIS	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL SCHNEIDER	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID FILANI	BOARD MEMBER SINCE 1-2024	3.00	Director	$0	$0	$0
MARK PONTE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
LARRY DOBROSKY	SECRETARY UNTIL 11-2024	3.00	Officer Director	$0	$0	$0
GARY PAISLEY	TREASURER	3.00	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	$122,194	$163,554	$2,676,839	$-41,360
2023	$148,700	$100,590	$2,717,353	$48,110
2022	$196,139	$133,980	$2,669,254	$62,159
2021	$365,352	$100,217	$2,607,095	$265,135
2020	$417,060	$138,530	$2,341,960	$278,530
2019	$151,427	$122,024	$2,063,430	$29,403
2018	$253,052	$269,983	$2,034,027	$-16,931

IHS MINISTRIES INC