LIGHT BRIGADE MINISTRIES (EIN 465050885) - 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

DONALD MAGNESS

Phone

3602021394

Tax Period

2024-01-01 to 2024-12-31

LIGHT BRIGADE MINISTRIES, founded in 2014, is a micro nonprofit in the Religion sector that reported $9K in total revenue in fiscal year 2024. Expenses of $98K exceeded revenue, resulting in a 1029% operating deficit.

Mission

LIGHT BRIGADE MINISTRIES SEEKS GOD'S GUIDANCE FOR PRAYER OVER PEOPLE, PLACES AND THINGS. WE WORSHIP GOD, TEACH AND RECEIVE TEACHING AND WE PRAY. WE HOLD INDIVIDUAL PRAYER APPOINTMENTS FOR THOSE REQUESTING HEALING. WE TRAVEL AS DIRECTED BY GOD TO PRAY HEALING OVER SPECIFIC REGIONS, TO TEACH AND TRAIN OTHERS, TO RECEIVE FURTHER TRAINING AND TO PARTICIPATE IN WORSHIP SERVICES OR OTHER ACTIVITIES RELATED TO OUR FUNCTION AS WE HAVE SEEN AN INCREASED NEED FOR HEALING AND FOR TRAINING PEOPLE IN PRAYER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,574

Program Service Revenue $0

Investment Income $80

Other Revenue $0

TOTAL REVENUE $8,654

Expense Breakdown

Grants Paid $4,560

Salaries & Benefits $15,773

Fundraising Expenses $0

Program Expenses $45,772

Other Expenses $77,336

TOTAL EXPENSES $97,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,654	$8,814	0.0%
Expenses	$97,669	$102,361	0.0%
Net Income	$-89,015	$-93,547	0.0%

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

Employees

Volunteers

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

$14,700

Total Directors

$14,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MAGNESS	VP/TREASURER	20.00	Officer Director	$6,000	$0	$6,000
DONALD MAGNESS	PRESIDENT	20.00	Officer Director	$6,000	$0	$6,000
BARBARA URBACH	SECRETARY	5.00	Officer Director	$2,700	$0	$2,700
ELSIE SNOW	BOARD MEMBER	5.00	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	$8,654	$97,669	$1,597,315	$-89,015
2023	$8,814	$102,361	$1,686,279	$-93,547
2022	$13,629	$117,298	$1,779,826	$-103,669
2021	$1,514,365	$100,573	$1,883,495	$1,413,792
2020	$17,350	$21,912	$469,383	$-4,562
2019	$22,914	$32,713	$473,945	$-9,799
2018	$518,736	$48,022	$484,686	$470,714

LIGHT BRIGADE MINISTRIES