SONRISE MINISTRIES INC (EIN 270939483) - 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

ARTHUR BENNETT

Phone

9048780078

Tax Period

2024-01-01 to 2024-12-31

SONRISE MINISTRIES INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 8% surplus.

Mission

TO SPONSOR AND CONDUCT VARIOUS FUNDRAISING ACTIVITIES TO SUPPORT HUMANITARIAN RELIEF ORGANIZATIONS IN THE UNITED STATES AS WELL AS FOREIGN COUNTRIES. ORGANIZATIONS WE WILL SUPPORT AND FUNDRAISE FOR WILL INCLUDE ORPHANAGES, HOMELESS SHELTERS, CHRISTIAN MISSIONARY EFFORTS AND EFFORTS THAT WILL PROVIDE FOOD, CLOTHING AND OTHER NEEDED ITEMS TO THE POOR.

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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 $1,267,955

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,300

TOTAL REVENUE $1,266,655

Expense Breakdown

Grants Paid $1,063,569

Salaries & Benefits $45,988

Fundraising Expenses $3,922

Program Expenses $1,085,469

Other Expenses $61,105

TOTAL EXPENSES $1,170,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,266,655	$952,619	+0.3%
Expenses	$1,170,662	$960,370	+0.2%
Net Income	$95,993	$-7,751	-13.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM MOODY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOY HUTZLER	SECRETARY	2.00	Officer Director	$0	$0	$0
STACEY KING	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA NIXON	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR BENNETT	OPERATIONS OFFICER	50.00	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	$1,266,655	$1,170,662	$278,827	$95,993
2024	$1,266,655	$1,170,662	$278,827	$95,993
2023	$952,619	$960,370	$128,028	$-7,751
2022	$865,577	$834,869	$159,988	$30,708
2021	$990,413	$977,860	$245,779	$12,553
2020	$878,502	$1,035,020	$155,819	$-156,518
2019	$960,842	$911,952	$191,384	$48,890
2018	$873,162	$811,938	$144,291	$61,224

SONRISE MINISTRIES INC