THE IMAGINE MINISTRY INC

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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

Principal Officer

COBURN MURRAY

Phone

9196301858

Tax Period

2023-01-01 to 2023-12-31

THE IMAGINE MINISTRY INC, founded in 2008, is a small nonprofit in the International Affairs sector that reported $593K in total revenue in fiscal year 2023. Expenses of $653K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE IMAGINE MINISTRY EXISTS TO SERVE AND GLORIFY GOD BY EMPOWERING PEOPLE WITH THEGOSPEL. WE SEEK TO TRANSFORM THE PHYSICAL AND SPIRITUAL NEEDS OF A FALLEN WORLD THROUGH OUTREACH MINISTRIES, EVANGELISM, AND DISCIPLESHIP. OUR MINISTRIES FOCUS ON SHARING GOD'S LOVE, TEACHING GOD'S WORD, AND BUILDING GOD'S KINGDOM.

Program Service Accomplishments

Program 1

Expenses: $614,253

PROVIDE FOOD, CLOTHING, AND EDUCATION FOR POOR CHILDREN OF NICARAGUA AND CENTRAL AMERICA.

Program 2

Expenses: $36,865

THE IMAGINE MINISTRY PROVIDES COLLABORATIVE SUPPORT TO DESTINY VENTURES, A RALEIGH, NORTH CAROLINA-BASED NON-PROFIT MADE UP OF A TEAM COMMITTED TO CREATING EXPERIENCES THAT PROMOTE LIFE...

THE IMAGINE MINISTRY PROVIDES COLLABORATIVE SUPPORT TO DESTINY VENTURES, A RALEIGH, NORTH CAROLINA-BASED NON-PROFIT MADE UP OF A TEAM COMMITTED TO CREATING EXPERIENCES THAT PROMOTE LIFE TRANSFORMATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $592,506

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $592,506

Expense Breakdown

Grants Paid $175,585

Salaries & Benefits $0

Fundraising Expenses $465

Program Expenses $651,118

Other Expenses $476,996

TOTAL EXPENSES $652,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,506	$622,790	0.0%
Expenses	$652,581	$566,793	+0.2%
Net Income	$-60,075	$55,997	-2.1%

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

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
CHARLES COBURN MURRAY	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
CHARLES HALL	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN ARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ELMER	DIRECTOR	1.00	Director	$0	$0	$0
BREN HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY HEDGES	DIRECTOR	1.00	Director	$0	$0	$0
RYAN JACKSON	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$592,506	$652,581	$252,764	$-60,075
2022	$622,790	$566,793	$309,505	$55,997
2021	$589,626	$783,042	$253,508	$-193,416
2020	$844,379	$666,626	$446,924	$177,753
2019	$549,329	$454,607	$269,171	$94,722
2018	$761,472	$638,183	$174,712	$123,289