BLD-IT MINISTRY FKA JOHN SCHLITT MINISTRIES (EIN 464811323) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

JOHN SCHLITT

Tax Period

2023-01-01 to 2023-12-31

BLD-IT MINISTRY FKA JOHN SCHLITT MINISTRIES, founded in 2014, is a small nonprofit in the Religion sector that reported $299K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $263K left a modest 12% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE LOW TO NO COST MUSIC MINISTRY TO CHURCHES AND OTHER ORGANIZATIONS. IN ADDITION TO MUSICAL ENDEAVORS, THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO WIDOWS AND OTHERS IN NEED VIA HOME REPAIR AND MAINTENANCE AT LITTLE TO NO COST TO THOSE IN NEED.

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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 $298,898

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $298,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,934

Fundraising Expenses $0

Program Expenses $153,167

Other Expenses $82,401

TOTAL EXPENSES $263,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,898	$180,965	+0.7%
Expenses	$263,335	$186,042	+0.4%
Net Income	$35,563	$-5,077	-8.0%

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

N/A

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

$168,075

Total Directors

$18,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SCHLITT	EXECUTIVE DI	40.00	Officer	$149,975	$0	$149,975
DORLA SCHLITT	SECRETARY	N/A	Officer Director	$18,100	$0	$18,100
JOHN K SCHLITT	DIRECTOR	N/A	Director	$0	$0	$0
KRISTOPHER SCHLITT	DIRECTOR	N/A	Officer	$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	$298,898	$263,335	$39,881	$35,563
2022	$180,965	$186,042	$4,318	$-5,077
2021	$205,807	$203,274	$9,395	$2,533

BLD-IT MINISTRY FKA JOHN SCHLITT MINISTRIES