MIDAS TOUCH MINISTRIES CORPORATION

EIN: 412207554 501(c)(3) Religion

DALLAS, TX

Total Revenue
$1,430
Total Expenses
$873
Total Assets
$79
Net Assets
$-1,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Phone
8177033093
Tax Period
2023-01-01 to 2023-12-31

MIDAS TOUCH MINISTRIES CORPORATION, founded in 2006, is a micro nonprofit in the Religion sector that reported $1K in total revenue in fiscal year 2023. The organization ran a surplus of $557, a strong 39% operating margin.

Mission

MIDAS TOUCH MINISTRIES MISSION IS TO ENDOW MEN, WOMEN, AND CHILDREN DESITITURE OF LIFE OR SPIRIT WITH THE ENRICHMENT TOOLS NECESSARY TO LIVE A SPIRIT-FILLED, HEALTHY AND VICTORIOUS LIFE.

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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 $1,430
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $210
Program Expenses $529
Other Expenses $873
TOTAL EXPENSES $873

Year-over-Year Comparison

2023 2022 Change
Revenue $1,430 N/A N/A
Expenses $873 $19,722 -1.0%
Net Income $557 $-19,722 -1.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
10

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN C FRAZIER PRESIDENT DIRECTOR 15
Officer Director
$0 $0 $0
ANISSA ATKINS VICE PRESIDENT DIRECTOR 2
Officer Director
$0 $0 $0
IRENE SIMS TREASURER DIRECTOR 2
Officer Director
$0 $0 $0
PEARLE ROBINSON SECRETARY DIRECTOR 2
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
2023 $1,430 $873 $79 $557
2022 No data $19,722 $891 No data
2022 No data $19,722 $891 No data
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