MOUNT CARMEL MINISTRIES INC (EIN 411577937) - 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

1986

Legal Domicile

Principal Officer

TIM PETERSON

Tax Period

2023-01-01 to 2023-12-31

MOUNT CARMEL MINISTRIES INC, founded in 1986, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

MOUNT CARMEL MINISTRIES IS A PLACE OF REST, RENEWAL, AND RECREATION WHERE PEOPLE EXPERIENCE JESUS.

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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 $612,629

Program Service Revenue $492,560

Investment Income $4,811

Other Revenue $9,096

TOTAL REVENUE $1,119,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,588

Fundraising Expenses $22,474

Program Expenses $1,360,822

Other Expenses $823,412

TOTAL EXPENSES $1,469,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,119,096	$1,531,612	-0.3%
Expenses	$1,469,000	$1,491,752	0.0%
Net Income	$-349,904	$39,860	-9.8%

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

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

$76,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM PETERSON	EXECUTIVE DIRECTOR	40.00	Officer	$55,000	$21,220	$76,220
DEAN ROSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
NIJHAR MINZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WOLLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE LEMMON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT KOOPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICAH JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIKA ELLEFSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM KNOREK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCELLA NELSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KIM DETERDING	TREASURER	1.00	Officer Director	$0	$0	$0
MARTHA HANSON	SECRETARY	1.00	Officer 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	$1,119,096	$1,469,000	$6,722,849	$-349,904
2022	$1,531,612	$1,491,752	$7,026,929	$39,860
2021	$1,629,669	$1,290,263	$7,099,052	$339,406
2020	$2,151,246	$1,033,888	$7,191,997	$1,117,358
2019	$1,198,716	$1,358,800	$6,286,033	$-160,084
2018	$1,956,518	$1,296,084	$6,351,799	$660,434

MOUNT CARMEL MINISTRIES INC