BONNIE FLOYD MINISTRIES

EIN: 270909404 501(c)(3) Religion

CELINA, TX

Total Revenue
$316,455
Total Expenses
$366,213
Total Assets
$76,946
Net Assets
$-26,808
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
TX
Principal Officer
BONNIE FLOYD
Phone
9723828550
Tax Period
2023-01-01 to 2023-12-31

BONNIE FLOYD MINISTRIES, founded in 2009, is a small nonprofit in the Religion sector that reported $316K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $366K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROCLAIM THE GOSPEL OF JESUS CHRIST AND PROVIDE ASSISTANCE TO THE NEEDY

Program Service Accomplishments

Program 1
Expenses: $349,522 Revenue: $72,224

SPEAKING ENGAGEMENTS THROUGHOUT THE U.S., CANADA, CENTRAL AMERICAN AND THE CARIBBEAN AT CONFERENCES, CHURCHES AND OTHER VENUES. CONTINUED OUR BARBUDA 180 MINISTRY WHICH INCLUDES BRINGING TEAMS OF...

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SPEAKING ENGAGEMENTS THROUGHOUT THE U.S., CANADA, CENTRAL AMERICAN AND THE CARIBBEAN AT CONFERENCES, CHURCHES AND OTHER VENUES. CONTINUED OUR BARBUDA 180 MINISTRY WHICH INCLUDES BRINGING TEAMS OF MISSIONARIES AND RELIEF WORKERS FROM THE UNITED STATES TO BARBUDA. WE PROVIDED HUMANITARIAN RELIEF DUE TO HURRICANES INCLUDING HOME RESTORATION AND FURNITURE CONSTRUCTION. WE BUILT ADVENTURE PLAYGROUNDS FOR CHILDREN AND CONDUCTED VICTORY SPORTS CAMP AND WHEELS OF JOY OUTREACHES DISTRIBUTING 153 BICYCLES FOR CHILDREN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $244,231
Program Service Revenue $69,496
Investment Income $0
Other Revenue $2,728
TOTAL REVENUE $316,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,645
Fundraising Expenses $6,228
Program Expenses $349,522
Other Expenses $301,568
TOTAL EXPENSES $366,213

Year-over-Year Comparison

2023 2022 Change
Revenue $316,455 $251,968 +0.3%
Expenses $366,213 $307,707 +0.2%
Net Income $-49,758 $-55,739 -0.1%
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

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Governance

Voting Members
5
Independent Members
3
Employees
1
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
2
$60,000
Total Directors
5
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE FLOYD PRESIDENT 40.00
Officer Director
$60,000 $0 $60,000
DON FLOYD VICE PRESIDENT 40.00
Officer Director
$0 $0 $0
NICHOLE BRANDENBURG DIRECTOR 20.00
Director
$0 $0 $0
VICTORIA JACKSON DIRECTOR 2.00
Director
$0 $0 $0
MARC BRANDENBURG 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
2024 No data No data No data No data
2023 $316,455 $366,213 $76,946 $-49,758
2022 $251,968 $307,707 $37,159 $-55,739
2020 $200,491 $192,803 $121,002 $7,688
2019 $197,918 $204,036 $14,858 $-6,118
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