THIRD MILLENNIUM MINISTRIES INC (EIN 311598585) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

DR RICHARD L PRATT JR

Phone

4078300222

Tax Period

2024-07-01 to 2025-06-30

THIRD MILLENNIUM MINISTRIES INC, founded in 1997, is a community nonprofit in the Religion sector that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THIRD MILLENNIUM MINISTRIES' MISSION IS TO RAISE AWARENESS OF THE GLOBAL NEED FOR PASTORAL TRAINING, CREATE A MULTILINGUAL CURRICULUM TO ADDRESS THIS NEED, AND DISTRIBUTE AND IMPLEMENT THIS CURRICULUM THROUGH A VARIETY OF TECHNOLOGIES, MEDIA AND PARTNERSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,087,661

Program Service Revenue $0

Investment Income $211,537

Other Revenue $201,746

TOTAL REVENUE $6,500,944

Expense Breakdown

Grants Paid $39,551

Salaries & Benefits $4,796,147

Fundraising Expenses $651,677

Program Expenses $5,196,978

Other Expenses $1,964,073

TOTAL EXPENSES $6,799,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,500,944	$5,881,800	+0.1%
Expenses	$6,799,771	$6,958,431	0.0%
Net Income	$-298,827	$-1,076,631	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$293,287

Total Directors

$154,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M MOUNGER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV EDWARD NORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE P PILLOW	BOARD MEMBER	4.00	Director	$0	$0	$0
DR RICHARD L PRATT JR	BOARD MEMBER/VICE-CHAIR/PRES	40.00	Officer Director	$154,102	$0	$154,102
PEDER JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MARK HILL	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
LANCE FAIR	BOARD MEMBER/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE STALLARD	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$0	$0
BRADLEY DOWNS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC LINARES	EXECUTIVE DIRECTOR	40.00	Officer	$139,185	$0	$139,185
RAYMOND MCLAUGHLIN	VP OF FINANCE AND OPERATIO	40.00	Highest	$104,485	$0	$104,485
ANDREW LAMB	VP OF GLOBAL OPPROTUNITIES	40.00	Highest	$110,045	$0	$110,045
JAMES DAVID PILLOW	VP STRATEGIC PARTNERSHIPS	40.00	Highest	$112,543	$0	$112,543

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	$6,500,944	$6,799,771	$9,487,675	$-298,827
2025	$6,500,944	$6,799,771	$9,487,675	$-298,827
2024	$5,881,800	$6,958,431	$8,999,707	$-1,076,631
2023	$7,074,250	$6,499,734	$9,181,195	$574,516
2022	$7,349,091	$5,615,717	$8,248,500	$1,733,374
2021	$6,435,562	$4,568,333	$7,661,908	$1,867,229
2020	$4,367,767	$4,429,145	$4,991,211	$-61,378
2019	$3,501,435	$4,708,785	$4,932,819	$-1,207,350

THIRD MILLENNIUM MINISTRIES INC