CORD MINISTRIES INTERNATIONAL (EIN 453813499) - 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

MICHAEL ULLRICH

Phone

3039944754

Tax Period

2024-01-01 to 2024-12-31

CORD MINISTRIES INTERNATIONAL, founded in 2011, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

TO FACILITATE GOD-APPOINTED MINISTRY BY ACTING AS A SENDING ORGANIZATION FOR INDEPENDENT MISSIONARIES, AND FUNDING CONDUIT FOR MISSIONARIES, EDUCATION, AND SOCIAL CARE PROJECTS DONE IN THE NAME OF 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 (2024)

Revenue Breakdown

Contributions & Grants $1,993,653

Program Service Revenue $0

Investment Income $34,996

Other Revenue $0

TOTAL REVENUE $2,028,649

Expense Breakdown

Grants Paid $1,921,583

Salaries & Benefits $198,449

Fundraising Expenses $0

Program Expenses $1,927,663

Other Expenses $28,764

TOTAL EXPENSES $2,148,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,028,649	$2,112,457	0.0%
Expenses	$2,148,796	$2,035,350	+0.1%
Net Income	$-120,147	$77,107	-2.6%

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

$65,154

Total Directors

$65,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ULLRICH	CHAIRMAN EXEC DIR	40.00	Officer Director	$65,154	$0	$65,154
BONITA ULLRICH	SECRETARY	2.00	Director	$0	$0	$0
ROBERT RUESCH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HERMANSON	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE BRUNNER	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL GARDINIER	DIRECTOR	0.00	Director	$0	$0	$0
DREW STEPHENS	DIRECTOR	0.00	Director	$0	$0	$0
NATHAN ULLRICH	VICE CHAIR TREASURER CFO	12.00	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
2024	$2,028,649	$2,148,796	$665,578	$-120,147
2023	$2,112,457	$2,035,350	$784,500	$77,107
2022	$1,746,817	$1,732,063	$707,393	$14,754
2021	$1,871,512	$1,659,033	$694,355	$212,479
2020	$1,566,167	$1,502,336	$482,730	$63,831
2019	$1,725,806	$1,711,428	$417,837	$14,378
2018	$1,537,747	$1,510,398	$404,320	$27,349

CORD MINISTRIES INTERNATIONAL