BREAKTHROUGH MINISTRIES INC (EIN 270888401) - 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

Phone

9522508752

Tax Period

2024-01-01 to 2024-12-31

BREAKTHROUGH MINISTRIES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $288K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $967K represent 40 months of operating reserves.

Mission

MINISTRY PROGRAMS PROVIDE OPPORTUNITIES FOR PEOPLE TO ENGAGE IN THE GREAT COMMISSION AND EXPERIENCE THE KINGDOM OF GOD FIRST HAND. WE MINISTER TO HOMELESS AND THOSE IN EXTREME POVERTY. WE BRING HOPE, LOVE AND GOOD NEWS OF CHRIST TO THE LEAST, LAST AND LEFT OUT.

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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 $287,651

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $287,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,174

Fundraising Expenses $0

Program Expenses $286,750

Other Expenses $133,171

TOTAL EXPENSES $297,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,654	$356,206	-0.2%
Expenses	$297,345	$455,798	-0.3%
Net Income	$-9,691	$-99,592	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MULARONI	CHAIRMAN	1.00	Director	$0	$0	$0
LESLIE SANBORN	VICE CHAIR	1.00	Director	$0	$0	$0
DAVID ENGMAN	PRESIDENT & CEO	40.00	Officer	$0	$0	$0
MELISSA MCDERMOTT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOHN SCHMID	TREASURER	1.00	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
2024	$287,654	$297,345	$972,560	$-9,691
2023	$356,206	$455,798	$1,002,210	$-99,592
2022	$554,722	$476,476	$1,092,765	$78,246
2021	$453,531	$606,667	$1,098,831	$-153,136
2020	$630,866	$554,608	$1,138,153	$76,258
2019	$276,062	$491,792	$1,094,017	$-215,730
2019	$876,062	$491,792	$1,094,017	$384,270
2018	$793,680	$193,630	$639,051	$600,050
2018	$218,680	$193,630	$639,051	$25,050

BREAKTHROUGH MINISTRIES INC