Have Life Ministries 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

Shomari White

Phone

7044412906

Tax Period

2024-01-01 to 2024-12-31

Have Life Ministries Inc, founded in 2008, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

To reintroduce Jesus to people through advanced 21st century technology regardless of ages, sex, color, socioeconomic background.

Program Service Accomplishments

Program 1

Expenses: $817,180 Revenue: $816,231

To reintroduce Jesus to people through advanced 21st century technology regardless of ages, sex, color, socioeconomic background.

Program 2

Expenses: $612,885 Revenue: $612,173

Change: Our mission is to change non-believers by providing ministry opportunities that provide the existential needs such as blanket drives, sock drives toy drives, coat drives and back to school...

Change: Our mission is to change non-believers by providing ministry opportunities that provide the existential needs such as blanket drives, sock drives toy drives, coat drives and back to school backpack community events in the local Charlotte Areas.

Program 3

Expenses: $204,295 Revenue: $204,058

Connect: Our mission is to connect with the community by hosting pastoral community lunches, feeding the homeless, provide proctors and lunches for elementary schools, celebrate our humble heroes...

Connect: Our mission is to connect with the community by hosting pastoral community lunches, feeding the homeless, provide proctors and lunches for elementary schools, celebrate our humble heroes that serve our community (teachers, police and fire firefighters).

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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 $2,040,577

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,040,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $821,761

Fundraising Expenses $0

Program Expenses $2,115,384

Other Expenses $1,293,623

TOTAL EXPENSES $2,115,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,040,577	$2,069,265	0.0%
Expenses	$2,115,384	$2,199,390	0.0%
Net Income	$-74,807	$-130,125	-0.4%

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

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

$170,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel Snow	Officer	40.00	Officer	$170,000	$0	$170,000

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	No data	No data	No data	No data
2024	$2,040,577	$2,115,384	$330,579	$-74,807
2023	No data	$2,199,390	$361,396	No data
2022	$2,035,771	$2,083,932	$493,681	$-48,161
2021	$1,598,609	$2,013,965	$539,888	$-415,356
2020	$1,988,655	$1,720,515	$642,573	$268,140
2019	$1,989,465	$1,921,393	$131,644	$68,072
2018	$1,955,244	$2,041,056	$132,997	$-85,812