RESTORATION MINISTRIES INCORPORATED

EIN: 205732943 501(c)(3) Religion

EDINA, MN

Total Revenue
$206,537
Total Expenses
$195,161
Total Assets
$77,614
Net Assets
$77,205
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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
MN
Principal Officer
TONY KROENING
Phone
9522414150
Tax Period
2024-01-01 to 2024-12-31

RESTORATION MINISTRIES INCORPORATED, founded in 2006, is a small nonprofit in the Religion sector that reported $207K in total revenue in fiscal year 2024. Expenses of $195K left a modest 6% surplus.

Mission

TO PROVIDE SPIRITUAL DIRECTION, SPIRITUAL FORMATION OPPORTUNITIES AND RELATED MINISTRY TO INDIVIDUALS SEEKING GREATER DEVELOPMENT IN THEIR CHRISTIAN FAITH, TO SERVE AS A RESOURCE FOR CHURCHES AND ORGANIZATIONS IN THE AREA OF SPIRITUAL DIRECTION AND FORMATION MINISTRY, TO PROVIDE RESOURCES, SUPPORT AND CONFIDENTIAL SPIRITUAL DIRECTION TO OTHER CHRISTIAN CLERGY MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $186,428
Program Service Revenue $20,109
Investment Income $0
Other Revenue $0
TOTAL REVENUE $206,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,955
Fundraising Expenses $0
Program Expenses $190,344
Other Expenses $31,206
TOTAL EXPENSES $195,161

Year-over-Year Comparison

2024 2023 Change
Revenue $206,537 $207,525 0.0%
Expenses $195,161 $182,904 +0.1%
Net Income $11,376 $24,621 -0.5%
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

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Governance

Voting Members
3
Independent Members
2
Employees
3
Volunteers
10

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
4
$72,000
Total Directors
4
$72,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MARCH EXECUTIVE DI 32.00
Officer Director
$72,000 $0 $72,000
TONY KROENING CHAIR 2.00
Officer Director
$0 $0 $0
LINDA GUNDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE JOHNSHON SECRETARY (T 1.00
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 $206,537 $195,161 $77,614 $11,376
2023 $207,525 $182,904 $66,552 $24,621
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