K-LIFE MINISTRIES (EIN 431538224) - 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

1989

Legal Domicile

Principal Officer

KYLE WILLIAMSON

Phone

4172663219

Tax Period

2023-09-01 to 2024-08-31

K-LIFE MINISTRIES, founded in 1989, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 3% surplus.

Mission

CHRISTIAN MINISTRY TO HIGH SCHOOL YOUTH

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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 $1,091,586

Program Service Revenue $3,394,556

Investment Income $35,854

Other Revenue $221,982

TOTAL REVENUE $4,743,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $977,826

Fundraising Expenses $0

Program Expenses $4,383,548

Other Expenses $3,621,106

TOTAL EXPENSES $4,598,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,743,978	$3,583,040	+0.3%
Expenses	$4,598,932	$3,778,831	+0.2%
Net Income	$145,046	$-195,791	-1.7%

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

101

Volunteers

400

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

$78,675

Total Directors

$247,367

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIPP HOLLAND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SMITH BROOKHART	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT HULL	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HUDIBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
RUDY LITTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG GOODWIN	NATIONAL BOARD MEMBER	1.00	Director	$0	$0	$168,692
KYLE WILLIAMSON	PRESIDENT	40.00	Officer Director	$78,675	$0	$78,675

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	$4,743,978	$4,598,932	$1,190,900	$145,046
2023	$3,583,040	$3,778,831	$329,210	$-195,791
2022	$3,721,525	$3,369,095	$540,322	$352,430

K-LIFE MINISTRIES