Impact Ministries of Myrtle Beach (EIN 272059806) - 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

2010

Legal Domicile

Principal Officer

Michael T Wood

Phone

8432547777

Tax Period

2024-01-01 to 2024-12-31

Impact Ministries of Myrtle Beach, founded in 2010, is a small nonprofit in the Religion sector that reported $370K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $805K represent 26 months of operating reserves.

Mission

Provide a positive, life-changin missions experience for anyone willing to go outside the walls of their church and into the mission field

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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 $194,737

Program Service Revenue $108,952

Investment Income $23

Other Revenue $66,203

TOTAL REVENUE $369,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,199

Fundraising Expenses $0

Program Expenses $249,181

Other Expenses $210,695

TOTAL EXPENSES $370,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,915	$420,323	-0.1%
Expenses	$370,894	$371,156	0.0%
Net Income	$-979	$49,167	-1.0%

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

1000

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael T Wood	Executive Director	50.00	Officer	$65,000	$0	$65,000
Brenda Ryan	Board Member	1.00	Director	$0	$0	$0
Lebron Crisp	Board Member	1.00	Director	$0	$0	$0
Kathy Winfree	Board Member	1.00	Director	$0	$0	$0
Jennifer Kiskunas	Board Member	1.00	Director	$0	$0	$0
Tommy Moore	Board Member	1.00	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	$369,915	$370,894	$1,419,247	$-979
2023	$420,323	$371,156	$1,490,826	$49,167
2022	$618,076	$371,929	$1,492,946	$246,147
2021	$494,532	$281,746	$1,350,236	$212,786
2020	$303,895	$267,784	$332,309	$36,111
2019	$407,550	$363,437	$297,689	$44,113
2018	$325,492	$250,053	$253,531	$75,439

Impact Ministries of Myrtle Beach