IGNITE MISSIONS HONDURAS INC (EIN 261938440) - 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

2008

Legal Domicile

Phone

6152571206

Tax Period

2024-01-01 to 2024-12-31

IGNITE MISSIONS HONDURAS INC, founded in 2008, is a small nonprofit in the Religion sector that reported $362K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROMOTE THE GOSPEL OF JESUS CHRIST TO INDIGENT PEOPLE GROUPS IN HONDURAS. HOST MISSION TEAMS TO PROVIDE HUMANITARIAN ASSISTANCE TO THE IMPOVERISHED, DEMONSTRATING THE LOVE OF CHRIST WHILE SHARING IN THE GOSPEL MESSAGE. MINISTER THROUGH MEDICINE AND WORK WITH CHILDREN

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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 $361,781

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $361,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,206

Fundraising Expenses $12,036

Program Expenses $335,472

Other Expenses $272,131

TOTAL EXPENSES $358,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$361,781	$314,648	+0.1%
Expenses	$358,337	$302,450	+0.2%
Net Income	$3,444	$12,198	-0.7%

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

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
SAM E FEAZEL	VICE PRESIDENT	40.00	Officer	$0	$0	$0
TJ HEWITT	CHAIRMAN	0.00	Officer	$0	$0	$0
STEVE BUTLER	SECRETARY	0.00	Officer	$0	$0	$0
MATTHEW ANDERSON	OFFICER	0.00	Officer	$0	$0	$0
BRADLEY WHITED	OFFICER	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
2024	$361,781	$358,337	$324,258	$3,444
2023	$314,648	$302,450	$336,162	$12,198
2022	$234,612	$264,808	$345,541	$-30,196
2021	$448,668	$431,774	$374,763	$16,894
2020	$461,563	$394,764	$348,736	$66,799
2019	$467,392	$470,286	$273,605	$-2,894
2018	$387,751	$388,837	$275,497	$-1,086

IGNITE MISSIONS HONDURAS INC