CHOOSE TO SOAR MINISTRIES INC

EIN: 273646275 501(c)(3) Religion

ROCKWALL, TX

Total Revenue
$253,446
Total Expenses
$234,436
Total Assets
$64,655
Net Assets
$61,561
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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
2011
Legal Domicile
TX
Principal Officer
TANYA MAGNUS
Phone
2145635908
Tax Period
2024-01-01 to 2024-12-31

CHOOSE TO SOAR MINISTRIES INC, founded in 2011, is a small nonprofit in the Religion sector that reported $253K in total revenue in fiscal year 2024. Expenses of $234K left a modest 8% surplus.

Mission

EQUIPPING AND EMPOWERING WOMEN TO BECOME ALL GOD INTENDED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $199,930
Program Service Revenue $53,516
Investment Income $0
Other Revenue $0
TOTAL REVENUE $253,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,480
Program Expenses $213,168
Other Expenses $234,436
TOTAL EXPENSES $234,436

Year-over-Year Comparison

2024 2023 Change
Revenue $253,446 N/A N/A
Expenses $234,436 N/A N/A
Net Income $19,010 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
14

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA KRAEMER VICE PRESIDE 1.00
Director
$0 $0 $0
TANYA MAGNUS EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
VIRGINIA HODGES PRESIDENT 4.00
Officer
$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 $253,446 $234,436 $64,655 $19,010
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