REDEEMING LOVE MINISTRIES

EIN: 463985600 501(c)(3) Youth Development

Colorado Springs, CO

Total Revenue
$818,959
Total Expenses
$808,261
Total Assets
$428,205
Net Assets
$425,173
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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
CO
Principal Officer
Julie Mwozi
Phone
7192408502
Tax Period
2023-01-01 to 2023-12-31

REDEEMING LOVE MINISTRIES, founded in 2015, is a small nonprofit in the Youth Development sector that reported $819K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

To partner with other organizations to spread the gospel message of Jesus Christ through education, feeding, and medical support of the indigent/orphaned children of the Democratic Republic of the Congo.

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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 (2023)

Revenue Breakdown

Contributions & Grants $818,655
Program Service Revenue $0
Investment Income $304
Other Revenue $0
TOTAL REVENUE $818,959

Expense Breakdown

Grants Paid $661,642
Salaries & Benefits $89,530
Fundraising Expenses $32,466
Program Expenses $730,934
Other Expenses $57,089
TOTAL EXPENSES $808,261

Year-over-Year Comparison

2023 2022 Change
Revenue $818,959 $696,959 +0.2%
Expenses $808,261 $522,615 +0.5%
Net Income $10,698 $174,344 -0.9%
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

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Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
10

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
3
$65,000
Total Directors
7
$65,000
Key Employees
1
$65,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Mwozi President 40
Officer Director Key Emp
$65,000 $0 $65,000
Joyce Nichols Vice President 10
Officer Director
$0 $0 $0
Agnes Romer Treasurer 10
Officer Director
$0 $0 $0
Beth Landt Board Member 5
Director
$0 $0 $0
Mary Robison Board Member 5
Director
$0 $0 $0
Lynn Badger Board Member 10
Director
$0 $0 $0
Linda Washington Board Member 10
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 $818,959 $808,261 $428,205 $10,698
2022 $696,959 $522,615 $415,522 $174,344
2021 $436,148 $311,793 $243,034 $124,355
2020 $223,262 $215,692 $116,441 $7,570
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