Vessels Of Mercy 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

1997

Legal Domicile

Phone

9896702317

Tax Period

2024-01-01 to 2024-12-31

Vessels Of Mercy Ministries Inc, founded in 1997, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $239K exceeded revenue, resulting in a 18% operating deficit.

Mission

Missionay trips to foreign countries to help with deaf schools and medical help Also books are translated into foreign languages

Program Service Accomplishments

Program 1

Expenses: $238,725

Missionaries to foreign countries Set up organizations to help the deef and blind

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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 $201,388

Program Service Revenue $0

Investment Income $694

Other Revenue $0

TOTAL REVENUE $202,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,000

Fundraising Expenses $0

Program Expenses $238,725

Other Expenses $184,725

TOTAL EXPENSES $238,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,082	$218,443	-0.1%
Expenses	$238,725	$204,140	+0.2%
Net Income	$-36,643	$14,303	-3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert T McCoy	President	0.00	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
2025	No data	No data	No data	No data
2024	$202,082	$238,725	$100,375	$-36,643
2023	$218,442	$408,278	$137,017	$-189,836
2022	$217,845	$234,489	$122,816	$-16,644
2021	$247,430	$290,253	$139,461	$-42,823
2020	$307,435	$255,570	$181,006	$51,865
2019	$223,257	$231,956	$129,140	$-8,699
2018	$276,033	$245,330	$147,739	$30,703