TRUE TO LIFE MINISTRIES INC (EIN 270574596) - 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

MARK MONICAL

Phone

9795299702

Tax Period

2023-01-01 to 2023-12-31

TRUE TO LIFE MINISTRIES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $773K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO BRING HOPE, TRAINING AND SUPPORT TO THOSE WHO ARE READY TO OVERCOME THE BARRIERS STANDING BETWEEN THEM AND SELF-SUFFICIENCY. OUR CONTINUUM OF FREE SERVICES AND PROGRAMS OFFER PRACTICAL SKILLS AND 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 (2023)

Revenue Breakdown

Contributions & Grants $659,254

Program Service Revenue $42,000

Investment Income $2,030

Other Revenue $69,361

TOTAL REVENUE $772,645

Expense Breakdown

Grants Paid $9,069

Salaries & Benefits $468,852

Fundraising Expenses $104,917

Program Expenses $406,853

Other Expenses $300,319

TOTAL EXPENSES $778,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$772,645	$830,222	-0.1%
Expenses	$778,240	$692,110	+0.1%
Net Income	$-5,595	$138,112	-1.0%

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

155

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

$62,417

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY DANE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID KING	DIRECTOR	1.00	Director	$0	$0	$0
MARK MONICAL	TREASURER	1.00	Officer Director	$0	$0	$0
MATT RICKAWAY	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
MEREDITH KING	FOUNDER AND VISION AMBASSADOR	40.00	Officer Director	$48,000	$0	$48,000
DAVE GUZMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ALISSA BEALL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ERSKINE	DIRECTOR	1.00	Director	$0	$0	$0
JANIS KENNEDY	EXECUTIVE DIRECTOR THRU JUNE 15	40.00	Officer	$14,417	$0	$14,417

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	$772,645	$778,240	$1,399,621	$-5,595
2022	$830,222	$692,110	$1,395,122	$138,112
2021	$709,455	$693,743	$1,257,058	$15,712
2020	$832,652	$836,047	$1,250,452	$-3,395
2019	$921,907	$1,025,136	$1,240,853	$-103,229
2018	$900,207	$901,532	$1,337,509	$-1,325

TRUE TO LIFE MINISTRIES INC