BREAD OF LIFE MINISTRIES INC (EIN 222717615) - 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

1984

Legal Domicile

Principal Officer

VICTORIA ABBOTT

Phone

2076263434

Tax Period

2024-01-01 to 2024-12-31

BREAD OF LIFE MINISTRIES INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 3% surplus.

Mission

BREAD OF LIFE MINISTRIES FEEDS THE HUNGRY, SHELTERS THE HOMELESS, AND PROVIDES SERVICES THAT HELP PEOPLE CHANGE THEIR LIVES AND TAKE PERSONAL RESPONSIBILITY. GOD CALLS US TO MINISTER TO ONE ANOTHER AND ASSIST THOSE IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,382,343

Program Service Revenue $822,372

Investment Income $96,254

Other Revenue $8,881

TOTAL REVENUE $2,309,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $891,865

Fundraising Expenses $2,343

Program Expenses $1,912,144

Other Expenses $1,326,180

TOTAL EXPENSES $2,235,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,309,850	$2,206,340	+0.0%
Expenses	$2,235,563	$1,953,545	+0.1%
Net Income	$74,287	$252,795	-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

$124,705

Total Directors

$124,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA ABBOTT	EXECUTIVE DI	40.00	Officer Director	$114,687	$10,018	$124,705
JESSICA WILBUR	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHARINE WILTUCK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SARAH DUNCKEL	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY GERARD	SECRETARY	1.00	Officer Director	$0	$0	$0
LORANA LALIBERTE	DIRECTOR	1.00	Director	$0	$0	$0
DAREK GRANT	DIRECTOR	1.00	Director	$0	$0	$0
SUHIER ALASKARI	DIRECTOR	1.00	Director	$0	$0	$0
SARA FIFIELD	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS MCALISTER	DIRECTOR	1.00	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	$2,309,850	$2,235,563	$5,446,367	$74,287
2023	$2,206,340	$1,953,545	$5,034,597	$252,795
2022	$2,688,939	$2,201,107	$4,813,224	$487,832
2021	$1,959,262	$1,810,533	$4,648,721	$148,729
2020	$2,070,106	$1,892,262	$4,412,319	$177,844
2019	$1,878,313	$1,833,176	$4,292,092	$45,137
2018	$1,737,087	$1,633,686	$4,341,909	$103,401

BREAD OF LIFE MINISTRIES INC