Belt Of Truth Ministries Inc

EIN: 464085355 501(c)(3) Religion

Lakeview, MI

Total Revenue
$494,576
Total Expenses
$447,451
Total Assets
$610,014
Net Assets
$578,807
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Tax Period
2022-01-01 to 2022-12-31

Belt Of Truth Ministries Inc, founded in 2014, is a small nonprofit in the Religion sector that reported $495K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $447K left a modest 10% surplus.

Mission

Religious and Educational products and seminars aimed at encompassing teachings to create a brighter future for our people

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $340,000
Program Service Revenue $0
Investment Income $26,998
Other Revenue $127,578
TOTAL REVENUE $494,576

Expense Breakdown

Grants Paid $100,640
Salaries & Benefits $130,812
Fundraising Expenses $0
Program Expenses $447,451
Other Expenses $215,999
TOTAL EXPENSES $447,451

Year-over-Year Comparison

2022 2021 Change
Revenue $494,576 $392,186 +0.3%
Expenses $447,451 $293,865 +0.5%
Net Income $47,125 $98,321 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
2
Employees
5
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
2
$95,049
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott E Ritsema President 50.00
Officer
$67,736 $0 $67,736
Camilla R Ritsema Secretary 10.00
Officer
$27,313 $0 $27,313
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
2022 $494,576 $447,451 $610,014 $47,125
2021 $392,186 $293,865 $543,076 $98,321
2020 $405,721 $310,001 $460,077 $95,720
2019 $428,452 $317,049 $350,557 $111,403
2018 $314,206 $322,378 $215,557 $-8,172
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Belt Of Truth Ministries Inc with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.