Connect 2 Ministries (EIN 264365043) - 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

2009

Legal Domicile

Principal Officer

Greg Barshaw

Phone

8058133180

Tax Period

2023-07-01 to 2024-06-30

Connect 2 Ministries, founded in 2009, is a small nonprofit in the Religion sector that reported $535K in total revenue in fiscal year 2023. Expenses of $475K left a modest 11% surplus.

Mission

To connect local churches to foreign mission projects

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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 $535,057

Program Service Revenue $0

Investment Income $38

Other Revenue $0

TOTAL REVENUE $535,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,492

Fundraising Expenses $0

Program Expenses $209,765

Other Expenses $311,741

TOTAL EXPENSES $475,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,095	$525,729	+0.0%
Expenses	$475,233	$494,738	0.0%
Net Income	$59,862	$30,991	+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

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

$81,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Barshaw	Board Member	50.00	Director	$81,996	$0	$81,996
Tom Halstead	Chairman	0.00	Officer	$0	$0	$0
Eric Michaelson	Treasurer	0.00	Officer	$0	$0	$0
Tim Jolly	Board Member	0.00	Officer	$0	$0	$0
Nancy Barshaw	Secretary	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
2025	No data	No data	No data	No data
2024	$535,095	$475,233	$387,311	$59,862
2023	$525,729	$494,738	$323,798	$30,991
2022	$611,556	$504,966	$292,131	$106,590
2021	$492,968	$505,764	$185,993	$-12,796
2020	$609,248	$555,933	$203,578	$53,315
2019	$568,178	$531,555	$148,940	$36,623

Connect 2 Ministries