3 OAKS MINISTRIES INC (EIN 264640969) - 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

ROBERT WRIGHT

Phone

2089681991

Tax Period

2023-01-01 to 2023-12-31

3 OAKS MINISTRIES INC, founded in 2009, is a small nonprofit in the Religion sector that reported $166K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 90% operating deficit.

Mission

PRIMARY MISSION IS TO BIND UP THE WOUNDS OF THE BROKEN HEARTED; PROCLAIM FREEDOM TO THOSE WITH HABITS AND ADDICTIONS IN A LOVING, EMPOWERING, CHRIST CENTERED COMMUNITY, WHEREBY LIFE TRANSFORMATION AND TRUE PURPOSE MAY BE FOUND.

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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 $4,081

Program Service Revenue $162,004

Investment Income $272

Other Revenue $0

TOTAL REVENUE $166,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,908

Fundraising Expenses $0

Program Expenses $192,979

Other Expenses $49,774

TOTAL EXPENSES $315,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,357	$614,060	-0.7%
Expenses	$315,682	$715,986	-0.6%
Net Income	$-149,325	$-101,926	+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

$140,750

Total Directors

$159,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOYD CHIKATULAH	PRESIDENT/CE	40.00	Officer Director	$50,300	$0	$50,300
ROBERT WRIGHT	VP/EXECUTIVE	40.00	Officer Director	$48,450	$0	$48,450
BARBARA GETCHELL	SECRETARY	40.00	Officer Director	$42,000	$0	$42,000
BARRY SURRATT	BOARD MEMBER	10.00	Director	$18,820	$0	$18,820
BARRY VAN BEUREN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE LUND	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE MAJOR	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$166,357	$315,682	$279,389	$-149,325
2022	$614,060	$715,986	$430,154	$-101,926
2021	$1,202,580	$632,154	$534,520	$570,426
2020	$529,994	$572,371	$60,196	$-42,377
2019	$575,983	$578,474	$51,687	$-2,491
2018	$548,284	$549,121	$43,889	$-837

3 OAKS MINISTRIES INC