RESTORATION 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

1988

Legal Domicile

Principal Officer

DAN PENDER

Phone

7083333370

Tax Period

2023-01-01 to 2023-12-31

RESTORATION MINISTRIES INC, founded in 1988, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO IMPACT LIVES IN A WAY THAT WILL RESTORE HOPE TO PEOPLE AND BRING LASTING CHANGE TO THE COMMUNITY. WE PROVIDE LIFE-CHANGING OPPORTUNITIES TO MEN AND WOMEN WITH HISTORIES OF ADDICTION AND AT-RISK, UNDERSERVED YOUTH, AND FAMILIES STRUGGLING IN POVERTY.

Program Service Accomplishments

Program 1

Expenses: $5,682,779

COMMUNITY FOOD BANK, COMMUNITY GARDEN, OTHERS.

Program 2

Expenses: $1,355,184 Revenue: $-243,567

THRIFT STORE OPERATIONS - OUR TWO THRIFT STORES PROVIDE JOB TRAINING AND EMPLOYMENT TO RESIDENTS OF OUR RESIDENTIAL RECOVERY PROGRAMS, HARVEY HOUSE AND TABITHA HOUSE, AND COMMUNITY MEMBERS WITH...

THRIFT STORE OPERATIONS - OUR TWO THRIFT STORES PROVIDE JOB TRAINING AND EMPLOYMENT TO RESIDENTS OF OUR RESIDENTIAL RECOVERY PROGRAMS, HARVEY HOUSE AND TABITHA HOUSE, AND COMMUNITY MEMBERS WITH LIMITED WORK SKILLS AND EXPERIENCE. THE STORES ALSO PROVIDE OUR COMMUNITY MEMBERS WITH ACCESS TO QUALITY FURNITURE, CLOTHING, APPLIANCES AND JOBS.

Program 3

Expenses: $638,004 Revenue: $30,916

RESIDENCE PROGRAMS - THESE ARE FREE CHRISTIAN-BASED RESIDENTIAL PROGRAMS FOR MEN AND WOMEN WITH HISTORIES OF DRUG ADDICTIONS AND CRIMINAL BACKGROUNDS. DURING THESE FREE 18-MONTH PROGRAMS, RESIDENTS LEARN NEW LIFE SKILLS, REBUILD BROKEN RELATIONSHIPS AND OBTAIN JOB TRAINING. HARVEY HOUSE (MEN'S RESIDENTIAL PROGRAM) HAS CAPACITY FOR 40 PARTICIPANTS. TABITHA HOUSE (WOMEN'S RESIDENTIAL PROGRAM) HAS CAPACITY FOR 12 WOMEN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,779,438

Program Service Revenue $50,909

Investment Income $160

Other Revenue $-307,825

TOTAL REVENUE $8,522,682

Expense Breakdown

Grants Paid $5,489,175

Salaries & Benefits $2,179,921

Fundraising Expenses $103,283

Program Expenses $8,191,574

Other Expenses $1,040,056

TOTAL EXPENSES $8,709,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,522,682	$7,211,187	+0.2%
Expenses	$8,709,152	$7,560,976	+0.2%
Net Income	$-186,470	$-349,789	-0.5%

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

900

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

$254,063

Total Directors