WALK IN THE LIGHT MINISTRIES INC

EIN: 431426512 501(c)(3) International Affairs

WASHINGTON, MO

Total Revenue
$81,521
Total Expenses
$111,891
Total Assets
$229,206
Net Assets
$224,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MO
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

OUR MISSION IS TO SERVE THE LORD JESUS BY: CARING FOR ORPHANED AND ABANDONED CHILDREN, BRINGING HUMANITARIAN AID TO THE POOR, AND SPREADING THE LIGHT OF THE GOSPEL TO THE WORLD

Program Service Accomplishments

Program 1
Expenses: $111,891

PROVIDE SPIRITUAL ASSISTANCE, FOOD, CLOTHING AND OTHER NECESSITIES TO THE ROMANIAN POOR, ORPHANED AND ABANDONED.

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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 (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
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Financial Health Indicators

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

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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
6
Independent Members
3
Employees
2
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
3
$23,000
Total Directors
6
$23,000
Key Employees
0
$0
Highest Compensated
0
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
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