Barnabas Ministries Inc (EIN 223874558) - 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

2002

Legal Domicile

Principal Officer

Rev Sean E Bowen

Phone

4132251723

Tax Period

2024-07-01 to 2025-06-30

Barnabas Ministries Inc, founded in 2002, is a small nonprofit in the Religion sector that reported $297K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

CONNECTING PASTORAL LEADERS IN JOHN 17:23 GROUPS SO THEY CAN BE ENCOURAGED.Way that the Father & Son are united, so that the world would know the Father sent the Son. Our mission is connecting pastoral leaders into John 17:23 groups so they might be encouraged, inspired, and enabled to do Kingdom ministry together.

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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 $296,822

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $296,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,609

Fundraising Expenses $14,864

Program Expenses $262,797

Other Expenses $42,698

TOTAL EXPENSES $305,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,825	$331,639	-0.1%
Expenses	$305,307	$336,980	-0.1%
Net Income	$-8,482	$-5,341	+0.6%

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

350

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

$45,217

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Richard A Gremaine	Founder and Chair Emeritus	2.00	Director	$0	$0	$0
Lewis Flagg	Board Vice-Chair	2.00	Director	$0	$0	$0
Edwin Hastings	Board Chair	2.00	Director	$0	$0	$0
Elias	Soiles	2.00	Director	$0	$0	$0
Clyde Talley	Director	2.00	Director	$0	$0	$0
Dan Brausch	Treasurer	2.00	Director	$0	$0	$0
Rev Sean E Bowen	Executive Director	40.00	Officer	$33,217	$12,000	$45,217

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	$296,825	$305,307	$27,934	$-8,482
2024	$331,639	$336,980	$36,340	$-5,341
2023	$303,985	$338,522	$41,836	$-34,537
2022	$299,905	$335,921	$76,128	$-36,016
2021	$317,996	$302,073	$112,103	$15,923
2020	$294,700	$342,594	$147,684	$-47,894
2019	$268,262	$293,029	$144,712	$-24,767
2018	$212,613	$280,237	$168,366	$-67,624

Barnabas Ministries Inc