Hard as Nails MinistriesInc (EIN 364562815) - 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

2004

Legal Domicile

Principal Officer

Ichiro Kawasaki

Phone

2018224871

Tax Period

2024-07-01 to 2025-06-30

Hard as Nails MinistriesInc, founded in 2004, is a small nonprofit in the Religion sector that reported $774K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

Hard as Nails Ministries is a Christian organization which is rooted in the gospel and teaching of the faith. Hard as Nails works with youth and young adults to build a strong, personal relationship with God and a deeper commitment to their faith. It also assists and partners with schools, churches, and universities to create events/retreats where the gospel is delivered in a creative way that youth and young adults can clearly and easily understand.

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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 $392,756

Program Service Revenue $365,847

Investment Income $15,232

Other Revenue $0

TOTAL REVENUE $773,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $626,312

Fundraising Expenses $113,510

Program Expenses $738,492

Other Expenses $420,059

TOTAL EXPENSES $1,046,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$773,835	$777,160	0.0%
Expenses	$1,046,371	$890,592	+0.2%
Net Income	$-272,536	$-113,432	+1.4%

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

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

$239,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ichiro Kawasaki	President	1.00	Officer Director	$0	$0	$0
Al Weisbeck	Treasurer	1.00	Officer Director	$0	$0	$0
Tim Hanley	Vice President	1.00	Officer Director	$0	$0	$0
Justin Fatica	Exec Director/ Speaker	40.00	Key Emp	$239,400	$0	$239,400

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	$773,835	$1,046,371	$662,682	$-272,536
2024	$777,160	$890,592	$942,731	$-113,432
2023	$994,218	$900,075	$1,062,664	$94,143
2022	$872,618	$1,015,326	$973,474	$-142,708
2021	$848,563	$766,100	$749,735	$82,463
2020	$748,678	$710,228	$643,227	$38,450
2019	$919,024	$755,072	$547,727	$163,952

Hard as Nails MinistriesInc