BOATHOUSE MINISTRIES C/O ROBERT T … - 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

2009

Legal Domicile

Principal Officer

KATHRYN C VALLEAU

Phone

9082309271

Tax Period

2024-01-01 to 2024-12-31

BOATHOUSE MINISTRIES C/O ROBERT T VALLEAU, founded in 2009, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $13K exceeded revenue, resulting in a 550% operating deficit.

Mission

TO SUPPORT THE ADVANCEMENT OF CHRISTIANITY ON THE OUTER CAPE THOUGH CHURCH SERVICES, WEDDINGS, FUNDERALS, PRAYER MEETINGS, SPECIAL PROGRAMS, AND OTHER RELIGIOUS SERVICES THAT FURTHER THE TEACHINGS OF JESUS CHRIST. AND TO SUPPORT OTHER SECTION 501 (C)(3) ORGANIZATIONS THAT PROVIDE CHARITABLE COMMUNITY ACTIVITIES, EDUCATIONAL PROGRAMS, AND SOCIAL PROGRAMS TO BENEFIT THE COMMUNITY AND DEMONSTRATE CHRIST'S LOVE FOR OTHERS.

Program Service Accomplishments

Program 1

Expenses: $13,361 Revenue: $2,056

SUPPORT THE ADVANCEMENT OF CHRISTIANITY ON THE OUTER CAPE THROUGH CHURCH SERVICES, WEDDINGS, FUNDERALS, PRAYER MEETINGS, SPECIAL PROGRAMS, AND OTHER RELIGOUS SERVICES THAT FURTHER THE TEACHINGS OF...

SUPPORT THE ADVANCEMENT OF CHRISTIANITY ON THE OUTER CAPE THROUGH CHURCH SERVICES, WEDDINGS, FUNDERALS, PRAYER MEETINGS, SPECIAL PROGRAMS, AND OTHER RELIGOUS SERVICES THAT FURTHER THE TEACHINGS OF JESUS CHRIST. IT WILL ALSO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501 (C)(3) AND CONDUCT EXCLUSIVELY CHARITABLE COMMUNITY ACTIVITIES, EDUCATIONAL PROGRAMS, AND SOCIAL PROGRAMS TO BENEFIT THE COMMUNITY AND DEMONSTRATE CHRIST'S LOVE FOR OTHERS.

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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 $2,056

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,971

Fundraising Expenses $0

Program Expenses $13,361

Other Expenses $8,390

TOTAL EXPENSES $13,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,056	$28,483	-0.9%
Expenses	$13,361	$25,371	-0.5%
Net Income	$-11,305	$3,112	-4.6%

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

N/A

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

$4,971

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN C VALLEAU	PRESIDENT	4.00	Officer Director	$0	$0	$0
KENNETH D KORNELSON	TREASURER	4.00	Officer Director	$0	$0	$0
ROBERT T VALLEAU	SECRETARY	4.00	Officer Director	$0	$0	$0
ROBIN MCLELLAN	DIRECTOR	4.00	Director	$0	$0	$4,971
KENT HEIN	DIRECTOR	4.00	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	$2,056	$13,361	No data	$-11,305
2023	$28,483	$25,371	$11,305	$3,112
2022	$21,309	$25,591	$8,193	$-4,282
2021	$41,931	$34,489	$12,475	$7,442
2021	$41,931	$34,489	$12,475	$7,442
2020	$28,315	$24,479	$5,033	$3,836
2019	$21,559	$27,167	$1,197	$-5,608
2018	$31,724	$30,689	$6,805	$1,035

BOATHOUSE MINISTRIES C/O ROBERT T VALLEAU