TRUMAN HERRING 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

Truman Herring

Phone

5613504451

Tax Period

2023-01-01 to 2023-12-31

TRUMAN HERRING MINISTRIES INC, founded in 2011, is a small nonprofit in the Religion sector that reported $251K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 16% operating margin.

Mission

Spread the gospel through preaching and books.

Program Service Accomplishments

Program 1

Expenses: $208,832 Revenue: $251,228

Book editing and sales, and teaching book material for training Christian workers in some countries in Southeast Asia - india, Africa - primarily Kenya through social media - Skype, Zoom, WhatsApp...

Book editing and sales, and teaching book material for training Christian workers in some countries in Southeast Asia - india, Africa - primarily Kenya through social media - Skype, Zoom, WhatsApp, FaceBook, Youtube. Making 2 books a free download on ministry website Helping train Christian Leaders by WhatsApp, Zoom and Skype Giving other ministries free access to use two of our books in their ministries.

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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 $251,155

Program Service Revenue $0

Investment Income $56

Other Revenue $17

TOTAL REVENUE $251,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,835

Fundraising Expenses $0

Program Expenses $208,832

Other Expenses $140,587

TOTAL EXPENSES $210,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,228	$152,022	+0.7%
Expenses	$210,422	$138,547	+0.5%
Net Income	$40,806	$13,475	+2.0%

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

N/A

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
Truman Herring	President	40	Highest	$69,835	$0	$69,835
Jim Walters	Board Member	1	Officer	$0	$0	$0
Steve Kinlaw	Treasurer	1	Officer	$0	$0	$0
Sarah Louden	Secretary	1	Officer	$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	No data	No data	No data	No data
2023	$251,228	$210,422	$233,435	$40,806
2020	$73,994	$25,779	$161,529	$48,215