ECHO MINISTRIES INC (EIN 371531760) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

ED HUIE

Phone

4796461365

Tax Period

2024-01-01 to 2024-12-31

ECHO MINISTRIES INC, founded in 2006, is a small nonprofit in the Religion sector that reported $176K in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year.

Mission

TO PROPOGATE AND ADVANCE THE GOSPEL OF JESUS CHRIST THROUGH PREACHING, TEACHING, AND LIVING THE FULL GOSPEL MESSAGE AS STATED IN THE NEW TESTAMENT OF THE CHRISTIAN BIBLE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $204,019

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,968

Fundraising Expenses $2,742

Other Expenses $93,490

TOTAL EXPENSES $196,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,019	$191,299	+0.1%
Expenses	$196,458	$212,722	-0.1%
Net Income	$7,561	$-21,423	-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

N/A

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

$102,968

Total Directors

$102,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED HUIE	PRESIDENT	040.00	Officer Director	$80,000	$0	$80,000
MATTHEW HUIE	VICE-PRESIDENT	005.00	Officer Director	$22,968	$0	$22,968
DON REVELLE	TREASURER	005.00	Officer Director	$0	$0	$0
MARTY ALLEN	SECRETARY	005.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$204,019	$196,458	$48,270	$7,561
2024	$204,019	$195,428	$49,301	$8,591
2023	$191,299	$212,722	$40,709	$-21,423
2023	No data	No data	No data	No data
2022	$218,025	$193,717	$62,132	$24,308
2021	$177,506	$168,330	$37,824	$9,176
2020	$177,380	$154,122	$28,648	$23,258
2019	$176,324	$188,046	$5,390	$-11,722

ECHO MINISTRIES INC