TIMOTHY'S MINISTRY

EIN: 262658263 501(c)(3) Human Services

WHEATON, IL

Total Revenue
$206,744
Total Expenses
$195,710
Total Assets
$412,726
Net Assets
$412,053
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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
IL
Principal Officer
GARY HRIVNAK
Phone
8474147580
Tax Period
2023-01-01 to 2023-12-31

TIMOTHY'S MINISTRY, founded in 2008, is a small nonprofit in the Human Services sector that reported $207K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $196K left a modest 5% surplus.

Mission

TO PROVIDE FELLOWSHIP, FOOD, CLOTHING, JOB NETWORKING, TRANSPORTATION, AND SHORT-TERM MEDICAL CARE AND HOUSING FOR THE HOMELESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,471
Program Service Revenue $0
Investment Income $7
Other Revenue $-1,734
TOTAL REVENUE $206,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,729
Fundraising Expenses $0
Program Expenses $29,381
Other Expenses $85,981
TOTAL EXPENSES $195,710

Year-over-Year Comparison

2023 2022 Change
Revenue $206,744 $255,943 -0.2%
Expenses $195,710 $151,298 +0.3%
Net Income $11,034 $104,645 -0.9%
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

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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
40

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
3
$0
Total Directors
2
$81,340
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY TORNQUIST DIRECTOR 5.00
Director
$0 $0 $0
MARIAN ALVARADO DIRECTOR 25.00
Director
$81,340 $0 $81,340
GARY HRIVNAK PRESIDENT 5.00
Officer
$0 $0 $0
SCOTT SEAFIELD SECRETARY 5.00
Officer
$0 $0 $0
TODD STEFFEN TREASURER 5.00
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 No data No data No data No data
2023 $206,744 $195,710 $412,726 $11,034
2022 $255,943 $151,298 $401,255 $104,645
2021 $211,334 $151,917 $297,699 $59,417
2020 $206,048 $140,893 $238,546 $65,155
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