PRINCIPLES OF KINGDOM LIVING MINISTRIES INC (EIN 320246223) - 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

1979

Legal Domicile

Principal Officer

Melvina Clerveaux

Phone

7725641896

Tax Period

2024-01-01 to 2024-12-31

PRINCIPLES OF KINGDOM LIVING MINISTRIES INC, founded in 1979, is a micro nonprofit in the Religion sector that reported $32K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $46K exceeded revenue, resulting in a 42% operating deficit.

Mission

To spread the Gospel of 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 (2024)

Revenue Breakdown

Contributions & Grants $30,502

Program Service Revenue $0

Investment Income $1,908

Other Revenue $0

TOTAL REVENUE $32,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,602

Fundraising Expenses $0

Program Expenses $37,491

Other Expenses $28,315

TOTAL EXPENSES $45,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,410	$28,655	+0.1%
Expenses	$45,917	$40,857	+0.1%
Net Income	$-13,507	$-12,202	+0.1%

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

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

$14,506

Total Directors

$17,267

Key Employees

$6,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janice Miller	President	35.00	Officer Director Key Emp	$0	$6,500	$6,500
BRENDA SIMMONS	INTERIM SECRETARY	4.00	Officer Director	$0	$3,350	$3,350
Melvina Clerveaux	Vice President / Treasurer	8.00	Officer Director	$4,656	$0	$4,656
Bobbie Peacock	Director	12.00	Director	$2,761	$0	$2,761

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	$32,410	$45,917	$61,085	$-13,507
2023	$28,655	$40,857	$77,806	$-12,202
2022	$23,762	$50,817	$90,005	$-27,055
2021	$30,614	$46,306	$117,058	$-15,692
2020	$56,693	$100,474	$132,495	$-43,781
2019	$40,754	$68,533	$176,276	$-27,779

PRINCIPLES OF KINGDOM LIVING MINISTRIES INC