Launch Ministry

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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

Phone

9522614606

Tax Period

2022-01-01 to 2022-12-31

Launch Ministry, founded in 2009, is a small nonprofit in the Youth Development sector that reported $761K in total revenue in fiscal year 2022.

Mission

What: Provide a safe space and empower unstably housed and in-crisis young adults with the tools, resources and support needed to transition successfully towards adulthoodenabling life-saving outcomes.How: We focus on relationship and trust building, advocacy and navigation of the numerous complex agencies and systems with which young adults must engage to achieve success.

Program Service Accomplishments

Program 1

Expenses: $304,097

Homeless Youth Drop In Center - The drop in center provides immediate needs resources for homeless youth and young adults including personal care supplies, food, clothing, hot meals, blankets and...

Homeless Youth Drop In Center - The drop in center provides immediate needs resources for homeless youth and young adults including personal care supplies, food, clothing, hot meals, blankets and pillows. Youth can also gain access to long term housing assistance including assessment, support groups, life skills education, employment and housing support. Youth may also participate in Launch's mentoring program to receive gift cards for food and transportation. This program served 174 participants in 2022.

Program 2

Expenses: $201,561

Emergency Shelter Program - Young adults experiencing immediate crisis access hotel vouchers to gain a safe place to sleep. Program participants receive food, shelter and access to case management to...

Program 3

Expenses: $199,576

Housing Support Program - The Housing Support Program provides permanent supportive housing for young adults who are long term homeless and have needs for supportive services in order to live...

Housing Support Program - The Housing Support Program provides permanent supportive housing for young adults who are long term homeless and have needs for supportive services in order to live independently. This program provided support for 22 participants in 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $292,564

Program Service Revenue $468,516

Investment Income $0

Other Revenue $0

TOTAL REVENUE $761,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,723

Fundraising Expenses $20,262

Program Expenses $705,234

Other Expenses $433,126

TOTAL EXPENSES $771,849

Year-over-Year Comparison

	2022	2021	Change
Revenue	$761,080	$737,032	+0.0%
Expenses	$771,849	$744,016	+0.0%
Net Income	$-10,769	$-6,984	+0.5%

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

$139,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Peterson	Program Dir	40.00	Officer	$76,455	$0	$76,455
Corey Magstadt	Executive Dir.	40.00	Officer	$63,289	$0	$63,289
Amanda Bloomgren	Board Chair	2.00	Officer Director	$0	$0	$0
Sara Ross	Treasurer	2.00	Officer Director	$0	$0	$0
Jared Brewington	Director	2.00	Director	$0	$0	$0
Jason Garver	Director	2.00	Director	$0	$0	$0
Dan Maus	Director	2.00	Director	$0	$0	$0
Rose Mingo-Holtz	Director	2.00	Director	$0	$0	$0
Suzie Ray	Director	2.00	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
2022	$761,080	$771,849	$302,475	$-10,769
2021	$737,032	$744,016	$204,867	$-6,984
2020	$655,576	$620,080	$218,336	$35,496
2019	$371,274	$379,628	$138,795	$-8,354
2018	$389,718	$368,003	$142,739	$21,715