PROVIDENCE MINISTRIES INC (EIN 391764576) - 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

1993

Legal Domicile

Principal Officer

JARED BOWERS

Phone

9205920890

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE MINISTRIES INC, founded in 1993, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

K-12 EDUCATION

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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 $1,797,132

Program Service Revenue $1,889,546

Investment Income $849

Other Revenue $202,192

TOTAL REVENUE $3,889,719

Expense Breakdown

Grants Paid $265,472

Salaries & Benefits $1,294,033

Fundraising Expenses $36,497

Program Expenses $2,328,368

Other Expenses $1,080,103

TOTAL EXPENSES $2,639,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,889,719	$4,894,477	-0.2%
Expenses	$2,639,608	$2,388,593	+0.1%
Net Income	$1,250,111	$2,505,884	-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

115

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

$81,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE LANDES	BOARD MEMBER	2.00	Director	$0	$0	$0
REV JAKE SPIELBAUER	SECRETARY	2.00	Officer Director	$0	$0	$0
JARED BOWERS	CHAIRMAN	10.00	Officer Director	$0	$0	$0
MIKE STAUDINGER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MATT MAREK	TREASURER	2.00	Director	$0	$0	$0
MATT SOHRWEIDE	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL VANKIRK	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN SMITHSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER STEINBARGER	HEADMASTER	50.00	Officer	$81,892	$0	$81,892

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	$3,889,719	$2,639,608	$21,320,061	$1,250,111
2024	$4,894,477	$2,388,593	$14,464,385	$2,505,884
2023	$3,304,184	$2,117,510	$14,548,295	$1,186,674
2022	$6,381,570	$1,623,823	$14,879,853	$4,757,747
2021	$5,180,103	$1,248,116	$10,211,131	$3,931,987
2020	$1,721,057	$1,418,206	$2,744,729	$302,851
2019	$1,597,421	$1,453,887	$2,411,521	$143,534
2018	$1,496,223	$1,195,720	$2,213,250	$300,503

PROVIDENCE MINISTRIES INC