BOATHOUSE MINISTRY

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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

Principal Officer

LANE MURRAY

Phone

9035907670

Tax Period

2024-01-01 to 2024-12-31

BOATHOUSE MINISTRY is a small nonprofit in the Religion sector that reported $426K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 29% operating margin.

Mission

THE MISSION OF BOATHOUSE MINISTRY IS TO SEE GOD TRANSFORM THE LIVES OF COLLEGE AGE YOUNG ADULTS THROUGH DISCIPLESHIP, COMMUNITY, AND GOD'S WORD BY MEANS OF FUN LAKE ACTIVITIES, FOOD, WORSHIP, AND BIBLICAL TEACHING.

Program Service Accomplishments

Program 1

Expenses: $173,466 Revenue: $341,501

THE MISSION OF BOATHOUSE MINISTRY IS TO SEE GOD TRANSFORM THE LIVES OF COLLEGE-AGE ADULTS THROUGH GOD'S WORD, WORSHIP, DISCIPLESHIP, AND COMMUNITY. WE SERVE AN AVERAGE OF 400-600 COLLEGE-AGE YOUNG...

THE MISSION OF BOATHOUSE MINISTRY IS TO SEE GOD TRANSFORM THE LIVES OF COLLEGE-AGE ADULTS THROUGH GOD'S WORD, WORSHIP, DISCIPLESHIP, AND COMMUNITY. WE SERVE AN AVERAGE OF 400-600 COLLEGE-AGE YOUNG ADULTS WEEKLY THROUGH OUR TUESDAY NIGHT GATHERINGS OF FELLOWSHIP, WORSHIP, AND TEACHING. WE ALSO PROVIDE SMALL-GROUP BIBLE STUDY OPPORTUNITIES FOR COLLEGE-AGE ADULTS AND ONE-ON-ONE DISCIPLESHIP. OUR VISION IS TO SEE EVERY COLLEGE-AGE ADULT EXPERIENCE THE REALITY OF HAVING JESUS CHRIST AT THE CENTER OF EVERY PART OF THEIR LIFE.

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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 $436,661

Program Service Revenue $0

Investment Income $0

Other Revenue $-10,479

TOTAL REVENUE $426,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,807

Fundraising Expenses $6,710

Program Expenses $173,466

Other Expenses $156,709

TOTAL EXPENSES $304,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,182	$260,804	+0.6%
Expenses	$304,516	$137,202	+1.2%
Net Income	$121,666	$123,602	0.0%

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

100

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANE MURRAY	BOARD CHAIR	6.00	Officer	$0	$0	$0
BRANDON CULPEPPER	Secretary	6.00	Officer	$0	$0	$0
CLAY CROUCH	Treasurer	6.00	Officer	$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
2024	$426,182	$304,516	$363,788	$121,666
2023	$260,804	$137,202	$238,599	$123,602