IT IS FINISHED 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

DORENE BURRITT

Phone

3152871692

Tax Period

2021-01-01 to 2021-12-31

IT IS FINISHED MINISTRIES INC, founded in 2010, is a micro nonprofit in the Religion sector that reported $79K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 191% operating deficit.

Mission

TO PREACH THE GOSPEL OF JESUS CHRIST

Program Service Accomplishments

Program 1

Expenses: $224,869 Revenue: $79,068

TO PREACH THE GOSPEL OF JESUS CHRIST IN AMERICA AND OTHER COUNTRIES AS GOD OPENS THE DOORS. PREACHING THE WORD IN CENTRAL AMERICA AS WELL AS THE PHILLIPINES. THE MESSAGE SHARED IS THAT JESUS CHRIST...

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79,068

Investment Income $11

Other Revenue $0

TOTAL REVENUE $79,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,869

Other Expenses $230,114

TOTAL EXPENSES $230,114

Year-over-Year Comparison

	2021	2020	Change
Revenue	$79,079	$299,879	-0.7%
Expenses	$230,114	$93,834	+1.5%
Net Income	$-151,035	$206,045	-1.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOREN LARSON	DIRECTOR	5.00	Officer	$0	$0	$0
DAVID BORG	DIRECTOR	5.00	Officer	$0	$0	$0
DORENE BURRITT	DIRECTOR	10.00	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
2021	$79,079	$230,114	$519,176	$-151,035
2020	$299,879	$93,834	$670,209	$206,045
2018	$645,477	$130,818	$558,289	$514,659
2018	$125,069	$130,818	$558,289	$-5,749