SONRAYS MINISTRIES INC (EIN 223153493) - 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

1991

Legal Domicile

Principal Officer

JERRICA DELANEY

Tax Period

2023-07-01 to 2024-06-30

SONRAYS MINISTRIES INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $300K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $340K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION IS A VOLUNTEER ORGANIZATION WHICH PROMOTES THE BETTERMENT OF MANKIND THROUGH THE ESTABLISHMENT OF A CENTER FOR VOLUNTARY SOCIAL SERVICE AND RELIGIOUS TEACHING.

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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 $182,618

Program Service Revenue $3,269

Investment Income $23,884

Other Revenue $90,059

TOTAL REVENUE $299,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,822

Fundraising Expenses $0

Program Expenses $225,908

Other Expenses $167,831

TOTAL EXPENSES $339,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,830	$478,210	-0.4%
Expenses	$339,653	$276,549	+0.2%
Net Income	$-39,823	$201,661	-1.2%

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

100

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

$75,466

Total Directors

$72,774

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERI HENRY	CHAIRMAN	50.00	Officer Director	$62,511	$0	$62,511
TRACY WING	SECRETARY	2.00	Officer Director	$10,263	$0	$10,263
JERRICA DELANEY	PRESIDENT AND EXECUTIVE DIREC	0.00	Officer	$2,692	$0	$2,692
MICHAEL DERRICK	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	$299,830	$339,653	$711,471	$-39,823
2023	$478,210	$276,549	$751,423	$201,661
2022	$350,148	$214,124	$551,005	$136,024
2021	$345,711	$196,831	$415,519	$148,880
2020	$255,275	$202,749	$290,919	$52,526
2019	$209,444	$190,550	$212,371	$18,894

SONRAYS MINISTRIES INC