TRINITY FITNESS MINISTRIES INC (EIN 460716172) - 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

JASON PALMISANO

Phone

3219605594

Tax Period

2019-01-01 to 2019-12-31

TRINITY FITNESS MINISTRIES INC, founded in 2011, is a small nonprofit in the Religion sector that reported $162K in total revenue in fiscal year 2019. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO INSPIRE PEOPLE THROUGH GROUP FITNESS TO GET IN THE BEST PHYSICAL AND SPIRITUAL SHAPE OF THEIR LIVES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $38,453

Program Service Revenue $118,968

Investment Income $13

Other Revenue $4,293

TOTAL REVENUE $161,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,923

Fundraising Expenses $1,937

Program Expenses $154,383

Other Expenses $60,528

TOTAL EXPENSES $209,451

Year-over-Year Comparison

	2019	2018	Change
Revenue	$161,727	$236,097	-0.3%
Expenses	$209,451	$407,374	-0.5%
Net Income	$-47,724	$-171,277	-0.7%

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

$96,000

Total Directors

$96,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON PALMISANO	EXECUTIVE DIRECTOR	50.00	Officer Director	$96,000	$0	$96,000
DAVE HERRING	TREASURER	2.00	Officer Director	$0	$0	$0
ERIC WAECHTER	DIRECTOR	1.00	Director	$0	$0	$0
TIM PARCHINSKI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GUNNING	BOARD CHAIR	2.00	Director	$0	$0	$0
DANIEL BLAHA	DIRECTOR	1.50	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
2019	$161,727	$209,451	$22,112	$-47,724
2018	$236,097	$407,374	$74,961	$-171,277

TRINITY FITNESS MINISTRIES INC