Streetlife Ministries (EIN 453602635) - 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

David Shearin

Phone

6505495433

Tax Period

2024-01-01 to 2024-12-31

Streetlife Ministries, founded in 2011, is a small nonprofit in the Religion sector that reported $672K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO SERVE THE LOCAL HOMELESS AND IMPOVERISHED POPULATION AND GUIDE THEM TOWARD REHABILITATION

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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 $671,686

Program Service Revenue $0

Investment Income $522

Other Revenue $0

TOTAL REVENUE $672,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $574,278

Fundraising Expenses $32,158

Program Expenses $770,076

Other Expenses $498,884

TOTAL EXPENSES $1,073,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,208	$744,014	-0.1%
Expenses	$1,073,162	$953,065	+0.1%
Net Income	$-400,954	$-209,051	+0.9%

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

N/A

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

$83,713

Total Directors

$83,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Shearin	Executive Dir.	40.00	Officer Director	$83,713	$0	$83,713
Rick Carbonneau	Chairman	5.00	Director	$0	$0	$0
Craig Forbes	Treasurer	5.00	Officer Director	$0	$0	$0
Ernie Morales	Secretary	5.00	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	$672,208	$1,073,162	$2,691,280	$-400,954
2023	$744,014	$953,065	$2,953,723	$-209,051
2022	$1,741,399	$911,491	$2,267,924	$829,908
2019	$622,751	$494,378	$348,111	$128,373
2018	$305,439	$257,880	$215,280	$47,559

Streetlife Ministries