CHOSEN FOR LIFE MINISTRIES INC (EIN 453207108) - 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

2011

Legal Domicile

Principal Officer

ANNA BEARDEN

Phone

7067694470

Tax Period

2023-01-01 to 2023-12-31

CHOSEN FOR LIFE MINISTRIES INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $425K in total revenue in fiscal year 2023. Expenses of $412K left a modest 3% surplus.

Mission

CHOSEN FOR LIFE MINISTRIES HELPS CHURCHES, COMMUNITIES, AND FAMILIES CARE WELL FOR FOSTER AND ADOPTED CHILDREN. OUR VISION IS THAT EVERYONE WILL FIND THEIR ROLE IN CARING FOR FOSTER, ADOPTED, AND VULNERABLE CHILDREN. (SEE SCHEDULE O)

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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 $359,980

Program Service Revenue $0

Investment Income $10,981

Other Revenue $53,710

TOTAL REVENUE $424,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,856

Fundraising Expenses $0

Program Expenses $239,345

Other Expenses $154,873

TOTAL EXPENSES $411,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,671	$430,065	0.0%
Expenses	$411,729	$388,885	+0.1%
Net Income	$12,942	$41,180	-0.7%

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

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA BEARDEN	Executive Dir.	40.00	Officer	$75,000	$0	$75,000
RACHELE GIBSON	VICE CHAIRMAN	1.00	Director	$0	$0	$0
PRESTON HENRY	Chairman	1.00	Director	$0	$0	$0
KELLI THOMPSON	Treasurer	1.00	Director	$0	$0	$0
JULIE MURRY	Secretary	1.00	Director	$0	$0	$0
LINDSEY RAWLINGS	Director	1.00	Director	$0	$0	$0
JASON HEWELL	Director	0.00	Director	$0	$0	$0
JENNIFER CHRISTENBERRY	Director	1.00	Director	$0	$0	$0
MICHAEL AZZOLIN	Director	1.00	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
2024	No data	No data	No data	No data
2023	$424,671	$411,729	$737,879	$12,942
2022	$430,065	$388,885	$729,203	$41,180
2021	$382,626	$304,392	$688,617	$78,234
2020	$445,769	$345,890	$611,764	$99,879
2019	$464,146	$444,086	$510,104	$20,060
2018	$416,436	$331,171	$484,085	$85,265

CHOSEN FOR LIFE MINISTRIES INC