SAM FARINA MINISTRIES INC (EIN 391357562) - 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

1980

Legal Domicile

Principal Officer

VICKI FARINA

Phone

2144639789

Tax Period

2023-01-01 to 2023-12-31

SAM FARINA MINISTRIES INC, founded in 1980, is a micro nonprofit that reported $52K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 190% operating deficit.

Mission

TO PROMULGATE THE GOSPEL OF THE LORD JESUS CHRIST AND ENCOURAGE THE PEOPLE OF GOD THROUGHOUT THE WORLD.

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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 $9,709

Program Service Revenue $25,829

Investment Income $16,172

Other Revenue $0

TOTAL REVENUE $51,710

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $60,000

Fundraising Expenses $0

Program Expenses $149,022

Other Expenses $40,158

TOTAL EXPENSES $150,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,710	$242,704	-0.8%
Expenses	$150,158	$116,041	+0.3%
Net Income	$-98,448	$126,663	-1.8%

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI FARINA	TREASURER	20.00	Officer Director	$60,000	$0	$60,000
SAM FARINA III	PRESIDENT	15.00	Officer Director	$0	$0	$0
DON DANIELS	SECRETARY	0.00	Officer Director	$0	$0	$0
KEITH DAVIS	DIRECTOR	0.00	Director	$0	$0	$0
TORY FARINA	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BUCKLY NIELSEN	BOARD	0.00	Director	$0	$0	$0
JAMES D POTTER	DIRECTOR	0.00	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
2024	No data	No data	No data	No data
2023	$51,710	$150,158	$294,738	$-98,448
2022	$242,704	$116,041	$396,086	$126,663
2021	$240,502	$257,660	$262,023	$-17,158
2020	$204,244	$215,001	$293,231	$-10,757
2019	$167,954	$180,636	$293,662	$-12,682
2018	$153,067	$168,758	$304,669	$-15,691

SAM FARINA MINISTRIES INC