WALK IN THE LIGHT MINISTRIES INC (EIN 431426512) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

ILIE COROAMA

Phone

6362399409

Tax Period

2022-01-01 to 2022-12-31

WALK IN THE LIGHT MINISTRIES INC, founded in 1986, is a micro nonprofit in the International Affairs sector that reported $82K in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $112K exceeded revenue, resulting in a 37% operating deficit.

Mission

CARE FOR ORPHANED AND ABANDONED, BRINGING AID TO THE POOR, AND SPREADING THE GOSPEL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $81,521

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,321

Fundraising Expenses $0

Program Expenses $111,891

Other Expenses $60,570

TOTAL EXPENSES $111,891

Year-over-Year Comparison

	2022	2021	Change
Revenue	$81,521	$52,792	+0.5%
Expenses	$111,891	$84,519	+0.3%
Net Income	$-30,370	$-31,727	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$23,000

Total Directors

$23,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL COROAMA	MEMBER	0.00	Director	$0	$0	$0
ELAINE DAVIS	TREASURER	0.00	Officer Director	$0	$0	$0
SAM WAGNER	MEMBER	0.00	Director	$0	$0	$0
ILIE COROAMA	PRESIDENT	40.00	Officer Director	$23,000	$0	$23,000
LIDIA NUEBERT-COROAMA	SECRETARY	40.00	Officer Director	$0	$0	$0
CYNDI MITCHELL	MEMBER	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
2022	$81,521	$111,891	$229,206	$-30,370
2021	$52,792	$84,519	$247,003	$-31,727
2020	$46,277	$112,342	$287,649	$-66,065

WALK IN THE LIGHT MINISTRIES INC