WHATEVER IT TAKES MINISTRIES INC

EIN: 452837297 501(c)(3) Human Services

TAMPA, FL

Total Revenue
$191,117
Total Expenses
$194,003
Total Assets
$103,075
Net Assets
$103,075
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
PAUL T SPEED
Phone
3364620330
Tax Period
2023-01-01 to 2023-12-31

WHATEVER IT TAKES MINISTRIES INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

The Organizations primary exempt purpose is to offer Christian counseling and spiritual guidance. The Organization accomplishes this through marriage conferences, singles conferences, and small groups. WIT Ministries works with marriages in crisis due to sexual immorality. Our 4 Days 2 Freedom program offers mens weekend intensives designed to help men break the cycle of addiction and bring new direction to their lives. The Organization also works with single adults. Operating revenues are generated through registration fees, donations, and fund raisers. The Organization does not lease or own office space. Except for the president, there are no paid employees, or paid wages, all instructors volunteer as counseling-ministers, but the Organization does pay for the travel expenses and meals of the instructors. The Organization holds its conferences and small group meetings in various states and locations and usually rents hotel space as its venue.

Program Service Accomplishments

Program 1
Expenses: $188,073 Revenue: $151,006

During 2023 the Organization planned three Couples Intensives, seven 4 Days to Freedom mens small group intensives, and seven 4 Days 2 Hope womens weekends. The Organization charges a registration...

Read more

During 2023 the Organization planned three Couples Intensives, seven 4 Days to Freedom mens small group intensives, and seven 4 Days 2 Hope womens weekends. The Organization charges a registration fee per person, or per couple to attend. The registration is all inclusive with catering, accomodations, etc.. The registration fees vary based on the event. The Organization averages 22 couples for marriage conferences and small groups range from six to 10 participants.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,111
Program Service Revenue $151,006
Investment Income $0
Other Revenue $0
TOTAL REVENUE $191,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $188,073
Other Expenses $194,003
TOTAL EXPENSES $194,003

Year-over-Year Comparison

2023 2022 Change
Revenue $191,117 $207,247 -0.1%
Expenses $194,003 $267,077 -0.3%
Net Income $-2,886 $-59,830 -1.0%
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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
5

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
1
$71,448
Total Directors
3
$71,448
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL T SPEED PRESIDENT 48.00
Officer Director
$71,448 $0 $71,448
MARK HINRICHSEN DIRECTOR 3.00
Director
$0 $0 $0
CHRIS WHITE DIRECTOR 3.00
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
2023 $191,117 $194,003 $103,075 $-2,886
2022 $207,247 $267,077 $105,961 $-59,830
2021 $262,185 $223,397 $165,791 $38,788
2020 $194,208 $170,311 $127,003 $23,897
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WHATEVER IT TAKES MINISTRIES INC with other nonprofits in Florida and across the country.