DESTINY MINISTRIES INC

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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

1986

Legal Domicile

Principal Officer

HELEN EDWARDS

Phone

9045982347

Tax Period

2024-01-01 to 2024-12-31

DESTINY MINISTRIES INC, founded in 1986, is a small nonprofit in the Religion sector that reported $145K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $132K left a modest 9% surplus.

Mission

TO PROVIDE INFORMATION WITH AN EMPHASIS ON A DEEPER LIFE COMMITMENT WITH CHRIST. THIS INCLUDES PROVIDING INFORMATION TO HELP STRUGGLING CHURCHES AND EFFORTS TO START CHURCHES OVERSEAS.

Program Service Accomplishments

Program 1

Expenses: $58,593 Revenue: $128,469

DESTINY MINISTRIES INC (DM) IS INVOLVED WITH HOME GROUPS, HOME CHURCHES, AND INDIVIDAUL CHRISTIANS IN THIS COUNTRY AND SEVERAL OTHER CONTRIES (ENGLAND, NEW ZEALAND, AUSTRALIA, ALBANIA, HOLLAND, SOUTH AFRICA, GHANA, AND OTHERS) PROVIDING THEM WITH BOOKS AND CDS OF MESSAGES WHICH WILL ASSIST THEM IN THEIR PURSUIT OF A DEEPER SPIRITUAL WALK WITH JESUS CHRIST.

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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 $128,469

Program Service Revenue $0

Investment Income $16,998

Other Revenue $0

TOTAL REVENUE $145,467

Expense Breakdown

Grants Paid $54,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,593

Other Expenses $77,454

TOTAL EXPENSES $132,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,467	$86,012	+0.7%
Expenses	$132,154	$111,880	+0.2%
Net Income	$13,313	$-25,868	-1.5%

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

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
COOK JOSHUA	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN EDWARDS	PRESIDENT SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT KURKIAN	TREASURER	10.00	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	$145,467	$132,154	$507,145	$13,313
2023	$86,012	$111,880	$493,925	$-25,868
2022	$70,558	$89,967	$539,447	$-19,409
2021	$55,804	$87,732	$558,231	$-31,928
2020	$191,586	$108,547	$617,099	$83,039
2019	$85,821	$110,534	$513,613	$-24,713
2018	$47,672	$84,762	$539,002	$-37,090