MASTERKEY MINISTRIES OF GRAYSON CO… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

JULIE RICKEY

Phone

9038706014

Tax Period

2024-06-01 to 2025-05-31

MASTERKEY MINISTRIES OF GRAYSON COUNTY, founded in 2008, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

STRENGTHENING FAMILIES BY HELPING THEM OVERCOME PHYSICAL, EDUCATIONAL, AND SPIRITUAL OBSTACLES TO SUCCESS THROUGH AFTER SCHOOL PROGRAMS, ADULT EDUCATION, FOOD ASSISTANCE, AND SUMMER PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $25,612

FOR ADULTS, PROGRAMS ARE DESIGNED TO HELP THOSE THAT NEED NECESSARY SKILLS TO IMPROVE THEIR LIVES. THE "GETTING AHEAD" COURSE IS OFFERED TO HELP ADULTS LEARN HOW TO BUILD THEIR OWN RESOURCES.

Program 2

Expenses: $1,794,932

FOOD ASSISTANCE PROGRAM - SERVES THE COMMUNITY BY RECEIVING AND DISTRIBUTING FOOD AND PROVIDE EDUCATION AND NUTRITION TO AT RISK CHILDREN AND NEEDY FAMILIES.

Program 3

Expenses: $371,379

CHILD AND ADULT EDUCATIONAL PROGRAMS - INCLUDES PRESCHOOL, AFTER SCHOOL, AND SUMMER LEARNING PROGRAMS - PROVIDING HOMEWORK ASSISTANCE, TUTORING OF CHILDREN WITH SPECIFIC NEEDS, ENRICHMENT ACTIVITES, AND CHARACTER TRAINING THROUGH REQUIRING RESPONSIBILITY, TRUTHFULNESS, AND RESPECT. PROVIDES ADDITIONAL LEARNING OPPORTUNITIES FOR CHILDREN OF LOW-INCOME OR LIMITED ENGLISH HOUSEHOLDS.

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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 $2,083,161

Program Service Revenue $119,425

Investment Income $4,278

Other Revenue $0

TOTAL REVENUE $2,206,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,694

Fundraising Expenses $9,057

Program Expenses $2,191,923

Other Expenses $1,852,552

TOTAL EXPENSES $2,290,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,206,864	$2,739,996	-0.2%
Expenses	$2,290,246	$2,932,185	-0.2%
Net Income	$-83,382	$-192,189	-0.6%

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

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
DR CLINT LONG	PRESIDENT	N/A	Officer	$0	$0	$0
ASA JESSE	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAN THOMAS	SECRETARY	N/A	Officer	$0	$0	$0
KURTIS WADE	TREASURER	N/A	Officer	$0	$0	$0
AMY WEAVER	DIRECTOR	N/A	Director	$0	$0	$0
J KERMIT HILL	DIRECTOR	N/A	Director	$0	$0	$0
JULIE RICKEY	EXECUTIVE DI	N/A	Officer	$0	$0	$0
DIANNE HARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
RONNETTE GOODMAN	DIRECTOR	N/A	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
2025	$2,206,864	$2,290,246	$794,503	$-83,382
2024	$2,739,996	$2,935,902	$889,041	$-195,906
2024	$2,739,996	$2,932,185	$892,758	$-192,189
2023	$2,577,433	$2,440,809	$1,095,662	$136,624
2022	$2,224,893	$2,082,224	$781,715	$142,669
2021	$2,756,077	$2,627,338	$371,733	$128,739
2020	$1,486,999	$1,340,291	$306,449	$146,708
2019	$1,065,428	$1,111,578	$117,820	$-46,150

MASTERKEY MINISTRIES OF GRAYSON COUNTY