ISAIAH MINISTRY

EIN: 271858125 501(c)(3) Youth Development

CLAYTON, NC

Total Revenue
$82,990
Total Expenses
$77,207
Total Assets
$63,481
Net Assets
$63,481
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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
2010
Legal Domicile
NC
Principal Officer
MICHAEL T FOLSOM JR
Tax Period
2019-01-01 to 2019-12-31

ISAIAH MINISTRY, founded in 2010, is a micro nonprofit in the Youth Development sector that reported $83K in total revenue in fiscal year 2019. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $77K left a modest 7% surplus.

Mission

THE ISAIAH MINISTRY IS A CHRISTIAN FAITH-BASED ORGANIZATION WHICH MINISTERS TO AT-RISK CHILDREN, YOUTH AND FAMILIES IN MANAGUA, NICARAGUA. THE ISAIAH MINISTRY FACILITATES NUTRITIONAL AND EDUCATIONAL PROGRAMS, AS WELL AS BIBLE STUDIES AND OTHER HUMANITARIAN PROJECTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $82,990
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,990

Expense Breakdown

Grants Paid $2,507
Salaries & Benefits $13,465
Fundraising Expenses $0
Program Expenses $77,207
Other Expenses $61,235
TOTAL EXPENSES $77,207

Year-over-Year Comparison

2019 2018 Change
Revenue $82,990 $73,186 +0.1%
Expenses $77,207 $64,134 +0.2%
Net Income $5,783 $9,052 -0.4%
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

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Governance

Voting Members
5
Independent Members
4
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
5
$13,465
Total Directors
5
$13,465
Key Employees
1
$13,465
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T FOLSOM JR CHAIRMAN AND DIRECTOR 60.00
Officer Director Key Emp
$13,465 $0 $13,465
ELI MORGAN COVINGTON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL T FOLSOM SR TREASURER 2.00
Officer Director
$0 $0 $0
RICHARD B GROSS SECRETARY 1.00
Officer Director
$0 $0 $0
JAN HORAK MINISTRY CONSULTANT 2.00
Officer 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
2019 $82,990 $77,207 $63,481 $5,783
2018 $73,186 $64,134 $57,698 $9,052
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