Bread of Life Ministry Inc (EIN 351672783) - 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

1986

Legal Domicile

Principal Officer

Lorrie Higgs

Phone

8129225424

Tax Period

2024-10-01 to 2025-09-30

Bread of Life Ministry Inc, founded in 1986, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

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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 $4,628,769

Program Service Revenue $0

Investment Income $50

Other Revenue $27,469

TOTAL REVENUE $4,656,288

Expense Breakdown

Grants Paid $4,553,874

Salaries & Benefits $50,660

Fundraising Expenses $0

Program Expenses $4,785,047

Other Expenses $194,731

TOTAL EXPENSES $4,799,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,656,288	$3,739,104	+0.2%
Expenses	$4,799,265	$3,961,293	+0.2%
Net Income	$-142,977	$-222,189	-0.4%

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

$45,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James A Webb	Co-President	40.00	Officer	$19,760	$0	$19,760
Sherry Carlisle Smith	Co-President	40.00	Officer	$3,000	$0	$3,000
Barbara A Gowen	Vice-President	40.00	Officer	$0	$0	$0
Janice Greenlee	Secretary	40.00	Officer	$0	$0	$0
Lorrie L Higgs	Treasurer	40.00	Officer	$22,903	$0	$22,903

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	$4,656,288	$4,799,265	$1,929,796	$-142,977
2024	$3,739,104	$3,961,293	$2,107,833	$-222,189
2023	$4,526,112	$4,349,524	$2,329,456	$176,588
2022	$3,929,459	$4,127,408	$2,156,171	$-197,949
2021	$4,334,094	$4,165,745	$2,355,381	$168,349
2020	$4,186,003	$3,917,110	$2,181,439	$268,893

Bread of Life Ministry Inc