Bread of Life Ministries of Minnesota (EIN 261334563) - 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

Phone

7635121950

Tax Period

2024-10-01 to 2025-09-30

Bread of Life Ministries of Minnesota, founded in 2007, is a small nonprofit in the Human Services sector that reported $312K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $362K exceeded revenue, resulting in a 16% operating deficit.

Mission

Bread of Life Ministries of Minnesota conducts several programs and charitable projects in Germany, India and Uganda, among others. Specifically helping to support orphanages in India, spending time working in local Ugandan ministries and participating in educational seminars and missions training.

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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 $304,357

Program Service Revenue $0

Investment Income $7,184

Other Revenue $0

TOTAL REVENUE $311,541

Expense Breakdown

Grants Paid $332,502

Salaries & Benefits $22,500

Fundraising Expenses $0

Program Expenses $359,593

Other Expenses $6,800

TOTAL EXPENSES $361,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,541	$287,826	+0.1%
Expenses	$361,802	$322,147	+0.1%
Net Income	$-50,261	$-34,321	+0.5%

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

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

$22,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Lidfors	President/Treas	40.00	Officer	$22,500	$0	$22,500
Scott Benjamin	Chairperson	0.00	Officer	$0	$0	$0
Dirk Miller	Secretary	0.00	Officer	$0	$0	$0
William Lidfors	Board Member	0.00	Officer	$0	$0	$0
Jay Ludwig	Board Member	0.00	Officer	$0	$0	$0
Jim Miller	Board Member	0.00	Officer	$0	$0	$0
Barbara Lidfors	Board Member	0.00	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
2025	$311,541	$361,802	$175,063	$-50,261
2024	$287,826	$322,147	$225,324	$-34,321
2023	$442,010	$361,891	$259,645	$80,119
2022	$416,778	$347,839	$179,526	$68,939
2021	$418,109	$308,348	$110,587	$109,761
2020	$441,634	$443,427	$826	$-1,793
2019	$434,434	$441,449	$2,619	$-7,015
2018	$404,195	$474,661	$9,634	$-70,466

Bread of Life Ministries of Minnesota