ASAP MINISTRIES INC (EIN 383256028) - 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

1995

Legal Domicile

Principal Officer

KAYLENE CHADWICK

Phone

2694713026

Tax Period

2023-10-01 to 2024-09-30

ASAP MINISTRIES INC, founded in 1995, is a community nonprofit in the International Affairs sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

ASAP MINISTRIES EMPOWERS LOCAL MISSIONARES TO RESTORE AND DISCIPLE THE MARGINALIZED WITH THE WHOLISTIC GOSPEL.

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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 $3,951,560

Program Service Revenue $0

Investment Income $76,152

Other Revenue $10,041

TOTAL REVENUE $4,037,753

Expense Breakdown

Grants Paid $2,261,692

Salaries & Benefits $1,274,155

Fundraising Expenses $602,687

Program Expenses $3,319,719

Other Expenses $863,063

TOTAL EXPENSES $4,398,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,037,753	$3,469,521	+0.2%
Expenses	$4,398,910	$4,238,698	+0.0%
Net Income	$-361,157	$-769,177	-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

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

$297,158

Total Directors

$297,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN CORIDAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CURTIS LETNIAK	TRUSTEE	1.00	Director	$0	$0	$0
DENZIL MCNEILUS	TRUSTEE	1.00	Director	$0	$0	$0
TRUDI STARLIN	TRUSTEE	1.00	Director	$0	$0	$0
LILYA WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CARMEN	TRUSTEE	1.00	Director	$0	$0	$0
BYRON REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
CAROL REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
CHAN SUN HWANG	TRUSTEE	1.00	Director	$0	$0	$0
ESTHER HWANG	TRUSTEE	1.00	Director	$0	$0	$0
DARRYL HOSFORD	PRESIDENT	45.00	Officer Director	$63,303	$15,300	$78,603
KAYLENE CHADWICK	FINANCE DIRE	45.00	Officer Director	$53,009	$16,803	$69,812
JULIA O'CAREY	EXECUTIVE DI	40.00	Officer Director	$69,959	$21,227	$91,186
RICHARD CHADWICK	CFO	40.00	Officer Director	$57,557	$0	$57,557

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	$4,037,753	$4,398,910	$3,312,393	$-361,157
2023	$3,469,521	$4,238,698	$3,501,122	$-769,177
2022	$4,180,170	$4,169,499	$3,873,984	$10,671
2021	$5,034,484	$3,466,932	$3,955,280	$1,567,552
2020	$3,108,933	$2,911,640	$2,349,919	$197,293
2019	$2,850,633	$2,840,285	$2,146,464	$10,348
2018	$2,893,581	$2,585,951	$2,181,967	$307,630

ASAP MINISTRIES INC