TRUE IMPACT MINISTRIES INC

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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

ANDREW D STEWART

Phone

3035980049

Tax Period

2024-01-01 to 2024-12-31

TRUE IMPACT MINISTRIES INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $388K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO SERVE AND EMPOWER ORPHANS AND VULNERABLE CHILDREN IN UGANDA, MEETING THEIR PHYSICAL, EDUCATIONAL AND SPIRITUAL NEEDS THROUGH LOCAL COMMUNITY PARTNERS.

Program Service Accomplishments

Program 1

Expenses: $375,030

SERVED ORPHANS AND VULNERABLE CHILDREN IN UGANDA BY: 1)COMPLETING CONSTRUCTION OF A TEACHERS' DORMITORY AT SALEM CHRISTIAN SCHOOL; 2) PROVIDING INFRASTRUCTURE FOR SALEM MISSION CHURCH; 3) FURNISHING CLOTHING, MEDICAL SUPPLIES, MEDICINE, TOYS, SCHOOL SUPPLIES, SPORTS EQUIPMENT, AND EDUCATIONAL SUPPLIES, BENEFITING OVER 500 CHILDREN; 3) PROVIDING ONGOING FINANCIAL SUPPORT OF 231 CHILDREN; AND 4) SENDING A TEAM TO VISIT AND OVERSEE MISSION INTERESTS IN UGANDA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $388,086

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $388,086

Expense Breakdown

Grants Paid $270,279

Salaries & Benefits $49,172

Fundraising Expenses $4,483

Program Expenses $375,030

Other Expenses $68,805

TOTAL EXPENSES $388,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,086	$485,362	-0.2%
Expenses	$388,256	$460,625	-0.2%
Net Income	$-170	$24,737	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY O'NEILL	SECRETARY	4.00	Officer Director	$0	$0	$0
ANDREW D STEWART	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFF THOMAS	TREASURER	4.00	Officer Director	$0	$0	$0
ADELE WILSON	DIRECTOR	4.00	Director	$0	$0	$0
MIKE WOOD	VICE PRESIDE	4.00	Officer 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
2025	No data	No data	No data	No data
2024	$388,086	$388,256	$161,163	$-170
2023	$485,362	$460,625	$161,573	$24,737
2022	$417,981	$382,746	$137,052	$35,235
2021	$408,022	$484,872	$101,130	$-76,850
2020	$465,522	$374,973	$178,394	$90,549
2019	$477,037	$477,440	$87,688	$-403
2018	$491,199	$497,076	$88,495	$-5,877