FIRM FOUNDATION MINISTRIES INC (EIN 462541961) - 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

2013

Legal Domicile

Principal Officer

MATTHEW THOMAS

Phone

3167555212

Tax Period

2023-01-01 to 2023-12-31

FIRM FOUNDATION MINISTRIES INC, founded in 2013, is a small nonprofit in the Religion sector that reported $223K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $40K, a strong 18% operating margin.

Mission

TO STRENGHTHEN AND EMPOWER INCARCERATED OR FORMERLY INCARCERATED INVDIVIDUALS FROM A FAITH BASED POSITION WHILE HONORING SOLID, WELL PROVEN CIRRICULUM, PROVIDING TRAINING BEFORE AND AFTER RELEASE. ALSO PROVIDING TRANSITIONAL FOUSING FOR FORMERLY INCARCERATED TO HELP SHAPE THEM SO THEY CAN BE SUCCESSFUL IN LIFE AND PRODUCTIVE IN SOCIETY.

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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 $158,476

Program Service Revenue $0

Investment Income $1

Other Revenue $64,160

TOTAL REVENUE $222,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,222

Fundraising Expenses $9,121

Program Expenses $136,826

Other Expenses $72,214

TOTAL EXPENSES $182,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,637	$200,588	+0.1%
Expenses	$182,436	$238,640	-0.2%
Net Income	$40,201	$-38,052	-2.1%

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

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

$48,030

Total Directors

$48,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW THOMAS	PRESIDENT	40.00	Officer Director	$48,030	$0	$48,030
CHRISTINA THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDICE GIBSON	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN BATY	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA BILLUPS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIA MEDLEN	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER BECHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES ALLEN	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$222,637	$182,436	$556,688	$40,201
2022	$200,588	$238,640	$512,568	$-38,052
2021	$259,896	$237,065	$508,869	$22,831
2020	$142,641	$164,850	$475,457	$-22,209
2019	$396,190	$103,449	$476,857	$292,741

FIRM FOUNDATION MINISTRIES INC