CONNECT MINISTRIES (EIN 263512898) - 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

2006

Legal Domicile

Principal Officer

Keira Wyatt

Phone

8658518005

Tax Period

2024-01-01 to 2024-12-31

CONNECT MINISTRIES, founded in 2006, is a small nonprofit in the Human Services sector that reported $384K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $584K exceeded revenue, resulting in a 52% operating deficit.

Mission

Glorify God thru the biblical word of God, service and community resources

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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 $176,083

Program Service Revenue $160,970

Investment Income $4,949

Other Revenue $42,089

TOTAL REVENUE $384,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,064

Fundraising Expenses $0

Program Expenses $584,272

Other Expenses $257,208

TOTAL EXPENSES $584,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,091	$872,744	-0.6%
Expenses	$584,272	$806,124	-0.3%
Net Income	$-200,181	$66,620	-4.0%

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

N/A

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

$138,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keira Wyatt	Executive Director	50.00	Officer	$58,500	$0	$58,500
Monica S Reed	Chief Operating Office	50.00	Officer	$56,333	$0	$56,333
John W Jowers	Chief Financial Officer	30.00	Officer	$24,097	$0	$24,097

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	$384,091	$584,272	$489,981	$-200,181
2023	$872,744	$806,124	$711,363	$66,620
2022	$1,045,157	$823,937	$663,642	$221,220
2021	$950,999	$761,221	$256,407	$189,778
2020	$279,207	$246,202	$50,424	$33,005

CONNECT MINISTRIES