CATCH THE FIRE MINISTRIES INC (EIN 470863999) - 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

2002

Legal Domicile

Phone

9198483063

Tax Period

2023-01-01 to 2023-12-31

CATCH THE FIRE MINISTRIES INC, founded in 2002, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 4% surplus.

Mission

NON-DENOMINATIONAL CHURCH WITH THE MISSION OF IMPACTING THE CITY OF RALEIGH, DURHAM AND THE TRIANGLE REGION OF NORTH CAROLINA WITH THE GOSPEL OF JESUS CHRIST, RAISING UP LEADERS AND MINISTERING TO THE POOR OF OUR CITY.

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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 $2,079,092

Program Service Revenue $0

Investment Income $670

Other Revenue $32,724

TOTAL REVENUE $2,112,486

Expense Breakdown

Grants Paid $198,576

Salaries & Benefits $994,231

Fundraising Expenses $0

Program Expenses $198,576

Other Expenses $843,379

TOTAL EXPENSES $2,036,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,112,486	$1,815,186	+0.2%
Expenses	$2,036,186	$1,944,166	+0.0%
Net Income	$76,300	$-128,980	-1.6%

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

150

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

$60,548

Total Directors

$60,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUNCAN SMITH	PRESIDENT	10.00	Officer Director	$22,929	$0	$22,929
JONATHAN MLINARCIK	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL FULTON	SECRETARY	0.50	Officer Director	$0	$0	$0
JON BUNN	MEMBER	0.50	Director	$0	$0	$0
AARON NINABER	VICE PRESIDENT	40.00	Officer Director	$37,619	$0	$37,619
TABITHA COOKE	MEMBER	0.50	Director	$0	$0	$0
ERICKA JAMES	MEMBER	0.50	Director	$0	$0	$0
ESPERANZA HARPER	MEMBER	0.50	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	$2,112,486	$2,036,186	$4,112,309	$76,300
2022	$1,815,186	$1,944,166	$4,140,240	$-128,980
2021	$2,845,457	$2,529,169	$4,078,701	$316,288
2020	$1,750,990	$1,874,889	$3,632,330	$-123,899
2019	$1,818,630	$1,868,916	$3,673,004	$-50,286
2018	$1,849,009	$1,680,090	$3,804,742	$168,919

CATCH THE FIRE MINISTRIES INC