Bread of Life Development Ministries Inc (EIN 208369872) - 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

2007

Legal Domicile

Principal Officer

Barbara Muse

Phone

7709293019

Tax Period

2023-01-01 to 2023-12-31

Bread of Life Development Ministries Inc, founded in 2007, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

To share the Love of Jesus Christ through action, words, and deeds by providing holistic services that minister to children and families.

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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 $3,379,380

Program Service Revenue $0

Investment Income $1

Other Revenue $72,742

TOTAL REVENUE $3,452,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,145,145

Fundraising Expenses $0

Program Expenses $3,273,130

Other Expenses $2,403,576

TOTAL EXPENSES $3,548,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,452,123	$3,707,881	-0.1%
Expenses	$3,548,721	$4,090,284	-0.1%
Net Income	$-96,598	$-382,403	-0.7%

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

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

$141,253

Total Directors

$141,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Muse	Chief Executve Officer/Executive Director	040.00	Officer Director	$73,177	$0	$73,177
Ray Muse	Chief Operating Officer/Board Member	040.00	Officer Director	$68,076	$0	$68,076
Debra Ballard-Ntekpere	Secretary	025.00	Officer Director	$0	$0	$0
Tijauna Naylor-Smith	Chairperson	010.00	Officer Director	$0	$0	$0
Cheryl Board	Board Member	005.00	Director	$0	$0	$0
Wilma P Henry	Board Member	005.00	Director	$0	$0	$0
Adrienne Shaw	Treasurer	010.00	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	No data	No data	No data	No data
2023	$3,452,123	$3,548,721	$1,578,743	$-96,598
2022	$3,707,881	$4,090,284	$1,902,077	$-382,403
2021	$3,897,877	$3,898,940	$1,877,243	$-1,063
2020	$2,487,963	$1,923,924	$973,946	$564,039
2019	$832,591	$864,752	$70,160	$-32,161
2018	$905,631	$923,086	$73,405	$-17,455
2017	$727,031	$673,354	$74,879	$53,677

Bread of Life Development Ministries Inc