SUN MINISTRIES INC (EIN 204826573) - 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

2006

Legal Domicile

Principal Officer

CHRISTOPHER GOODWIN

Phone

6365444647

Tax Period

2023-01-01 to 2023-12-31

SUN MINISTRIES INC, founded in 2006, is a small nonprofit in the Religion sector that reported $260K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $329K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE ASSISTANCE TO THE UNDERPRIVILEGED AND CONTINUE TO PROVIDE TRAINING WITHIN THE COMMUNITY TO ASSIST THE UNDERPRIVILEGED.

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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 $29,452

Program Service Revenue $160,146

Investment Income $40,807

Other Revenue $29,173

TOTAL REVENUE $259,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,558

Fundraising Expenses $0

Program Expenses $226,410

Other Expenses $185,062

TOTAL EXPENSES $328,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,578	$197,179	+0.3%
Expenses	$328,620	$355,524	-0.1%
Net Income	$-69,042	$-158,345	-0.6%

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

120

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

$34,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY GOODWIN	CHAIRMAN	040.00	Officer Director	$0	$0	$0
CHRISTOPHER GOODWIN	ADMINISTRATIVE DIRECTOR	045.00	Director	$34,700	$0	$34,700
LINDA PRIMER	SECRETARY	005.00	Officer Director	$0	$0	$0
PAUL DINKINS	TREASURER	005.00	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
2023	$259,578	$328,620	$177,212	$-69,042
2022	$197,179	$355,524	$216,915	$-158,345
2021	$154,359	$213,721	$313,253	$-59,362
2020	$184,668	$207,298	$355,429	$-22,630
2020	$184,668	$207,298	$355,429	$-22,630
2019	$189,512	$197,185	$283,193	$-7,673
2018	$140,954	$146,868	$287,468	$-5,914

SUN MINISTRIES INC