SAM FARINA MINISTRIES INC

EIN: 391357562 501(c)(3)

RED OAK, TX

Total Revenue
$51,710
Total Expenses
$150,158
Total Assets
$294,738
Net Assets
$290,238
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
WI
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 ENCOURAGING THE PEOPLE OF GOD THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $149,022 Revenue: $25,829

THE FOCUS OF THE MINISTRY IS TO PROMULGATE THE GOSPEL OF THE LORD JESUS CHRIST BY PREACHING, SINGING, TEACHING AND ENCOURAGING THE PEOPLEOF GOD THROUGHOUT VARIOUS WORLD SITES.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
5
Employees
1
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
4
$60,000
Total Directors
7
$60,000
Key Employees
0
$0
Highest Compensated
0
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
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