GOYA MINISTRIES INC (EIN 260729701) - 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

2007

Legal Domicile

Principal Officer

Chad C Parker

Phone

3094738115

Tax Period

2024-01-01 to 2024-12-31

GOYA MINISTRIES INC, founded in 2007, is a small nonprofit in the International Affairs sector that reported $937K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $895K left a modest 5% surplus.

Mission

GOYA Ministries provides for the physical, spiritual, and educational needs of thousands of children living in the poorest parts of Kenya.

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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 $737,320

Program Service Revenue $194,310

Investment Income $5,441

Other Revenue $0

TOTAL REVENUE $937,071

Expense Breakdown

Grants Paid $692,702

Salaries & Benefits $0

Fundraising Expenses $33,590

Program Expenses $859,274

Other Expenses $202,164

TOTAL EXPENSES $894,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,071	$637,474	+0.5%
Expenses	$894,866	$821,347	+0.1%
Net Income	$42,205	$-183,873	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Parker	Executive Director & Board Chair	10	Officer Director	$0	$0	$0
Sandi Knapp	Board Member & Secretary	0.25	Officer Director	$0	$0	$0
Mark Zimmerman	Board Member & Treasurer	0.25	Officer Director	$0	$0	$0
Dale Avery	Board Member	0.25	Director	$0	$0	$0
Mike Smith	Board Member	0.25	Director	$0	$0	$0
David M Van Allen	Director of Finance	5	Director	$0	$0	$0
Mark Lockett	Board Member	1	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	$937,071	$894,866	$299,976	$42,205
2023	$637,474	$821,347	$255,272	$-183,873
2022	$677,527	$537,647	$438,263	$139,880
2021	$470,346	$369,589	$298,771	$100,757
2021	$470,346	$369,589	$298,771	$100,757
2020	$439,092	$463,108	$198,014	$-24,016

GOYA MINISTRIES INC