JOSEPH STOREHOUSE MINISTRIES INC (EIN 205013990) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

DEBORAH L PATTEN

Phone

7036703532

Tax Period

2023-01-01 to 2023-12-31

JOSEPH STOREHOUSE MINISTRIES INC, founded in 2006, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

CHRISTIAN SCHOOL & ACADEMY/EDUCATIONAL SERVICES. SERVE AS AN EXTENSION OF THE FAMILY & HOME, PARTNERING WITH THE FAMILY AND CHURCH COMMUNITY TO PRESENT AN OPTIMAL ENVIRONMENT FOR NURTURING & LEARNING. PRESENTATION OF EDUCATIONAL MATERIALS THAT BUILD READING & MATH SKILLS TO INCOME CHALLENGED DEMOGRAPHICS. SEND MISSIONARIES ABROAD AND SUPPORT OTHER MINISTRIES THAT FEED AND CLOTH CHILDREN WHILE EDUCATING THEM IN CHRISTIAN PRINCIPLES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,778

Program Service Revenue $888,177

Investment Income $635,786

Other Revenue $0

TOTAL REVENUE $1,636,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $615,581

Fundraising Expenses $0

Program Expenses $1,258,289

Other Expenses $908,593

TOTAL EXPENSES $1,524,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,636,741	$2,567,253	-0.4%
Expenses	$1,524,174	$2,065,015	-0.3%
Net Income	$112,567	$502,238	-0.8%

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

N/A

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
CHARLES BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
SONOELL B CLARK	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH L PATTEN	CHIEF OPERAT	N/A	Officer Director	$0	$0	$0
ROBERT MACARTHUR PATTEN	BOARD CHAIRM	N/A	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	No data	No data	No data	No data
2023	$1,636,741	$1,524,174	$935,161	$112,567
2022	$2,567,253	$2,065,015	$1,034,254	$502,238
2021	$1,690,623	$1,877,198	$600,437	$-186,575
2020	$1,628,759	$1,459,351	$789,063	$169,408
2019	$2,045,984	$1,971,169	$302,506	$74,815
2018	$2,095,460	$2,071,164	$259,750	$24,296

JOSEPH STOREHOUSE MINISTRIES INC