EMPOWERING LOVE MINISTRIES INC (EIN 471944669) - 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

KEN WEAVER

Phone

3306211171

Tax Period

2023-01-01 to 2023-12-31

EMPOWERING LOVE MINISTRIES INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $183K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $247K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE PURPOSE OF EMPOWERING LOVE MINISTRIES IS TO MEET THE PHYSICAL AND SPIRITUAL NEEDS IN THE COMMUNITY, REGION AND BEYOND. MOST OF THIS WILL BE ACCOMPLISHED BUT NOT LIMITED TO DONATIONS TO ALREADY ESTABLISHED CHARITIES ETC. WE ARE A CHRIST BASED ORGANIZATION AND WILL COME ALONGSIDE VARIOUS CHURCHES AND CHRISTIAN ORGANIZATIONS TO STRENGTHEN THEM IN OUT REACH AND EVANGELISM.

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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 $183,336

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $183,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,336

Other Expenses $247,287

TOTAL EXPENSES $247,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,336	$141,419	+0.3%
Expenses	$247,287	$78,283	+2.2%
Net Income	$-63,951	$63,136	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY HERSHBERGER	TRUSTEE	N/A	Director	$0	$0	$0
KEN WEAVER	OFFICER	N/A	Officer Director	$0	$0	$0
ANDREA MARTIN	OFFICER	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	$183,336	$247,287	$27,958	$-63,951
2022	$141,419	$78,283	$91,909	$63,136
2021	$203,016	$253,295	$26,273	$-50,279

EMPOWERING LOVE MINISTRIES INC