SET FREE TO BE MINISTRIES INC

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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

2015

Legal Domicile

Principal Officer

WAYNE JONES

Tax Period

2020-01-01 to 2020-12-31

SET FREE TO BE MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $297K in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year.

Mission

THE MINISTRY PROVIDES CHRIST CENTERED SUPPORT FOR ADULTS WITH ADDICTIONS AND OTHER LIFE CHALLENGES. OUR MISSION IS TO ASSIST INDIVIDUALS, FAMILIES, AND OUR COMMUNITY AS A WHOLE WITH THE ISSUES AT HAND.

Program Service Accomplishments

Program 1

Expenses: $253,979

THE MINISTRY PROVIDED FOOD, SHELTER AND OTHER BASIC LIFE NEEDS FOR NEEDY FAMILIES AND INDIGENT INDIVUALS. THE MINISTRY ALSO PROVIDED HOUSING AND ASSISTANCE TO ADULTS WITH ADDICTIONS AND OTHER LIFE...

THE MINISTRY PROVIDED FOOD, SHELTER AND OTHER BASIC LIFE NEEDS FOR NEEDY FAMILIES AND INDIGENT INDIVUALS. THE MINISTRY ALSO PROVIDED HOUSING AND ASSISTANCE TO ADULTS WITH ADDICTIONS AND OTHER LIFE CHALLENGES SO THAT THEY MAY BECOME SELF SUPPORTING INDIVIDUALS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $297,010

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $297,010

Expense Breakdown

Grants Paid $247,526

Salaries & Benefits $40,692

Fundraising Expenses $0

Program Expenses $253,979

Other Expenses $17,372

TOTAL EXPENSES $305,590

Year-over-Year Comparison

	2020	2019	Change
Revenue	$297,010	$327,477	-0.1%
Expenses	$305,590	$315,347	0.0%
Net Income	$-8,580	$12,130	-1.7%

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

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
SARAH JONES	TREASURER	10.00	Director	$0	$0	$0
MANDI ELLEGE	BOARD MEMBER	0.00	Director	$0	$0	$0
SUE ELLISON	BOARD MEMBER	0.00	Director	$0	$0	$0
WAYNE JONES	EXECUTIVE DIRECTOR	40.00	Officer Highest	$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
2020	$297,010	$305,590	$130,837	$-8,580
2019	$327,477	$315,347	$139,417	$12,130
2018	$406,892	$373,246	$127,287	$33,646