CHAD VARGA MINISTRIES INC

EIN: 462713395 501(c)(3)

SCOTTSDALE, AZ

Total Revenue
$35,094
Total Expenses
$58,802
Total Assets
$131,660
Net Assets
$-455
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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
AZ
Principal Officer
CHAD VARGA
Phone
8774321725
Tax Period
2020-01-01 to 2020-12-31

CHAD VARGA MINISTRIES INC, founded in 2013, is a micro nonprofit that reported $35K in total revenue in fiscal year 2020. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $59K exceeded revenue, resulting in a 68% operating deficit.

Mission

INSPIRE, EDUCATE AND EQUIP TEENS IN BECOMING INDIVIDUALS OF CHARACTER THROUGH VALUE BASED SCHOOL ASSEMBLY PROGRAMS, CONFERENCES, SERVICES AND EVENTS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $35,094
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,001
Fundraising Expenses $0
Program Expenses $48,510
Other Expenses $20,801
TOTAL EXPENSES $58,802

Year-over-Year Comparison

2020 2019 Change
Revenue $35,094 $140,704 -0.8%
Expenses $58,802 $133,599 -0.6%
Net Income $-23,708 $7,105 -4.3%
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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Governance

Voting Members
2
Independent Members
2
Employees
1
Volunteers
120

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
1
$1
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD VARGA 50.00
Officer
$1 $0 $1
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
2020 $35,094 $58,802 $131,660 $-23,708
2019 $140,704 $133,599 $31,600 $7,105
2018 $96,567 $111,622 $36,495 $-15,055
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