587 MINISTRIES INC

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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

Paul Barmaksezian

Phone

3607477873

Tax Period

2025-01-01 to 2025-12-31

587 MINISTRIES INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $321K in total revenue in fiscal year 2025. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $295K left a modest 8% surplus.

Mission

To support the vulnerable in society by missions and other charitable activities toward individuals.

Program Service Accomplishments

Program 1

Expenses: $43,733 Revenue: $0

Charitable aid to individuals in Nicaragua

Program 2

Expenses: $73,218 Revenue: $0

Charitable aid to individuals in Malawi

Program 3

Expenses: $161,747 Revenue: $0

US Disaster Recovery Aid

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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 (2025)

Revenue Breakdown

Contributions & Grants $208,429

Program Service Revenue $102,500

Investment Income $10,117

Other Revenue $0

TOTAL REVENUE $321,046

Expense Breakdown

Grants Paid $164,731

Salaries & Benefits $124,585

Fundraising Expenses $0

Program Expenses $278,698

Other Expenses $5,576

TOTAL EXPENSES $294,892

Year-over-Year Comparison

	2025	2024	Change
Revenue	$321,046	$175,473	+0.8%
Expenses	$294,892	$137,364	+1.1%
Net Income	$26,154	$38,109	-0.3%

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

$88,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Barmaksezian	President	25.00	Officer	$88,943	$0	$88,943
Ani Barmaksezian	Board Member	0.00	Director	$0	$0	$0
Lisa Haleblian	Board Member	1.00	Director	$0	$0	$0
Herag Haleblian	Board Member	0.00	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
2025	$321,046	$294,892	$740,909	$26,154
2024	$175,473	$137,364	$766,873	$38,109
2023	$146,300	$130,415	$645,046	$15,885
2022	$141,058	$130,511	$584,352	$10,547
2021	$138,511	$145,391	$640,333	$-6,880
2020	$119,359	$130,335	$541,121	$-10,976
2019	$217,834	$264,199	$546,904	$-46,365
2018	$209,889	$107,754	$593,865	$102,135