Set Free Prison Ministries Inc (EIN 237421953) - 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

1998

Legal Domicile

Phone

9517295499

Tax Period

2024-01-01 to 2024-12-31

Set Free Prison Ministries Inc, founded in 1998, is a small nonprofit that reported $375K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $58K, a strong 15% operating margin.

Mission

Distribution of Bibles, Christian Literature and other supplies to prison inmates. The distribution and correction of self-study Bible courses.

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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 $357,769

Program Service Revenue $2,102

Investment Income $1

Other Revenue $14,695

TOTAL REVENUE $374,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,438

Fundraising Expenses $0

Program Expenses $163,578

Other Expenses $207,854

TOTAL EXPENSES $316,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,567	$326,901	+0.1%
Expenses	$316,953	$319,478	0.0%
Net Income	$57,614	$7,423	+6.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil	Wagner	40.00	Officer	$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	$374,567	$316,953	$120,301	$57,614
2023	$326,901	$319,478	$64,980	$7,423
2022	$274,215	$293,591	No data	$-19,376
2021	$308,304	$287,098	No data	$21,206
2020	$287,250	$263,046	No data	$24,204
2019	$206,006	$240,030	No data	$-34,024
2018	$250,983	$234,040	No data	$16,943

Set Free Prison Ministries Inc