SONRISE MINISTRIES INC

EIN: 462161776 501(c)(3) Religion

Virginia Beach, VA

Total Revenue
$263,221
Total Expenses
$283,373
Total Assets
$-20,152
Net Assets
$-20,152
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
Trina Olson-Keeny
Phone
7574099436
Tax Period
2022-01-01 to 2022-12-31

SONRISE MINISTRIES INC, founded in 2013, is a small nonprofit in the Religion sector that reported $263K in total revenue in fiscal year 2022. Revenue surged 358% from the prior year, signaling strong growth momentum.

Mission

Promote and conduct a Christian Music Festival

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $263,221
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $283,373
Other Expenses $283,373
TOTAL EXPENSES $283,373

Year-over-Year Comparison

2022 2021 Change
Revenue $263,221 $57,489 +3.6%
Expenses $283,373 $45,612 +5.2%
Net Income $-20,152 $11,877 -2.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
65

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
2
$0
Total Directors
4
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Treantos Board Director 2
Director
$0 $0 $0
Glenn Waldschlager Board Director 2
Director
$0 $0 $0
Greg Mekkes Board Director 2
Director
$0 $0 $0
Moses David Director 3
Director
$0 $0 $0
Trina Olson Keeny President 20
Officer
$0 $0 $0
David Keeny Vice President 2
Officer
$0 $0 $0
Valerie Empson Treasurer/Secretary 20
Key Emp
$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
2022 $263,221 $283,373 $-20,152 $-20,152
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