SOUL RESTORATION MINISTRIES

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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

Terry Ashton

Phone

3607982963

Tax Period

2023-01-01 to 2023-12-31

SOUL RESTORATION MINISTRIES, founded in 2013, is a small nonprofit in the Mental Health sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 377% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 86% operating margin.

Mission

OUR MISSION IS TO PROVIDE A STRUCTURE FOR GROWTH AND HEALING IN COMMUNITY LIFE AND TO MENTOR AND SUPPORT WOMEN LIVING WITH THE IMPACTS OF TRAUMA AND ABUSE. THIS OFTEN INCLUDES SHORT TERM AND LONG TERM HOUSING AND SUPPLY OF THEIR BASIC NEEDS.

Program Service Accomplishments

Program 1

Expenses: $21,122 Revenue: $16,955

COUNSELLING SERVICES, SUPPORT GROUPS AND CLASSES, SHORT TERM AND LONG TERM LIVING ACCOMODATIONS, COMMUNITY STRUCTURE, EMERGENCY HELP FOR MEDICAL EXPENSES, LIVING EXPENSES AND OTHER NECESSARY NEEDS.

Program 2

Expenses: $23,862 Revenue: $310,001

TO MAKE CHARITABLE DONATIONS FOR NEEDY ORGANIZATIONS AND INDIVIDUALS. THE EMPHASIS ON THOSE INDIVIDUALS WITH MENTAL ISSUES THAT NEED ASSISTANCE WITH DAILY NECESSITIES.

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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 $12,871

Program Service Revenue $0

Investment Income $308,746

Other Revenue $5,339

TOTAL REVENUE $326,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,984

Other Expenses $44,984

TOTAL EXPENSES $44,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,956	$68,529	+3.8%
Expenses	$44,984	$27,511	+0.6%
Net Income	$281,972	$41,018	+5.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA ASHTON	PRESIDENT	2	Officer Director	$0	$0	$0
TERRY ASHTON	TREASURER	4	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
2023	$326,956	$44,984	$818,636	$281,972
2020	$35,389	$25,299	$544,166	$10,090