CONNECT MINISTRIES INC (EIN 205576128) - 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

Phone

7063106055

Tax Period

2023-01-01 to 2023-12-31

CONNECT MINISTRIES INC is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2023.

Mission

PROVIDED SUPPORT AND FACILITATED NUMEROUS ACTIVITIES AROUND THE COUNTRY THAT EQUIPPED CHURCHES WITH THE RESOURCES NEEDED TO REACH OUT TO AND CONNECT WITH THEIR COMMUNITIES. CONDUCTED WEEK LONG DAY CAMPS, RACES AND TOURNAMENTS IN CONJUNCSTION WITH CHURCHES IN VARIOUS STATES

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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 $1,664,889

Program Service Revenue $2,037,919

Investment Income $22,690

Other Revenue $117,218

TOTAL REVENUE $3,842,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,756,832

Fundraising Expenses $72,811

Program Expenses $3,510,855

Other Expenses $2,087,761

TOTAL EXPENSES $3,844,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,842,716	$3,788,038	+0.0%
Expenses	$3,844,593	$3,597,056	+0.1%
Net Income	$-1,877	$190,982	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

101

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

$328,652

Total Directors

$328,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN THOMAS	CEO	50.00	Officer Director	$171,222	$0	$171,222
JAMES G NORRIS	Secretary	50.00	Officer Director	$157,430	$0	$157,430
BRAD CRAWFORD	Treasurer	0.00	Director	$0	$0	$0
JEFF SIMMONS	Director	0.00	Director	$0	$0	$0
JEFF DANIELS	Director	0.00	Director	$0	$0	$0
NATHAN ESTES	Director	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	$3,842,716	$3,844,593	$3,820,011	$-1,877
2022	$3,788,038	$3,597,056	$3,592,232	$190,982
2021	$3,675,652	$2,855,906	$2,094,703	$819,746
2020	$2,122,198	$2,197,571	$1,285,400	$-75,373
2019	$2,437,060	$2,038,260	$1,322,950	$398,800
2018	$1,793,442	$1,534,534	$858,104	$258,908

CONNECT MINISTRIES INC