Toolbox Ministries Inc (EIN 453327292) - 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

Tom Douthit

Phone

7137037755

Tax Period

2023-01-01 to 2023-12-31

Toolbox Ministries Inc, founded in 2011, is a small nonprofit in the Religion sector that reported $867K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

To conduct lunch events for men to explore and grow in their relationship with Jesus Christ.

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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 $867,048

Program Service Revenue $120

Investment Income $0

Other Revenue $0

TOTAL REVENUE $867,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,034

Fundraising Expenses $34,342

Program Expenses $791,443

Other Expenses $680,452

TOTAL EXPENSES $896,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,168	$617,339	+0.4%
Expenses	$896,486	$616,210	+0.5%
Net Income	$-29,318	$1,129	-27.0%

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

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

$164,659

Total Directors

$164,659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Oelfke	President	3.00	Officer Director	$0	$0	$0
Cliff McDaniel	Vice President	1.00	Officer Director	$0	$0	$0
Thomas Alleman	Secretary	1.00	Officer Director	$0	$0	$0
Tom Douthit	Executive Director	40.00	Officer Director	$152,066	$12,593	$164,659
Trey Little	Director	1.00	Director	$0	$0	$0
Kurt Nondorf	Director	1.00	Director	$0	$0	$0
Matthew Rotan	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	$867,168	$896,486	$246,095	$-29,318
2022	$617,339	$616,210	$272,633	$1,129
2021	$464,391	$351,856	$272,020	$112,535
2020	$372,015	$244,746	$156,709	$127,269

Toolbox Ministries Inc