KINGDOM BUILDERS MINISTRIES

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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

LEE HARRIS

Phone

2183405008

Tax Period

2022-01-01 to 2022-12-31

KINGDOM BUILDERS MINISTRIES, founded in 2014, is a small nonprofit in the Religion sector that reported $151K in total revenue in fiscal year 2022. Expenses of $169K exceeded revenue, resulting in a 12% operating deficit.

Mission

KINGDOM BUILDERS MINISTRIES SEEKS TO HUMBLY, GENTLY, AND PATIENTLY SHOW EVERY INDIVIDUAL THE LOVE OF CHIRST

Program Service Accomplishments

Program 1

EXPENSES PROMOTE ORGANIZE AND PRESENT THE WOOD CITY MUSIC FESTIVAL IN CLOQUET MN. THE FESTIVAL IS A FREE FAMILY FRIENDLY EVENT WHICH HAPPENS ON THE 2ND SATURDAY IN AUGUST.

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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 (2022)

Revenue Breakdown

Contributions & Grants $89,409

Program Service Revenue $0

Investment Income $21

Other Revenue $61,662

TOTAL REVENUE $151,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,763

Fundraising Expenses $7,257

Other Expenses $107,237

TOTAL EXPENSES $169,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$151,092	$151,260	0.0%
Expenses	$169,000	$155,032	+0.1%
Net Income	$-17,908	$-3,772	+3.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE HARRIS	PRESIDENT	10.00	Officer	$0	$0	$0
JULIE HARRIS	TREASURER	10.00	Officer	$0	$0	$0
BRUCE MATUSZAK	VICE PRESIDENT	10.00	Officer	$0	$0	$0
TARA THRONSON	SECRETARY	5.00	Officer	$0	$0	$0
TOM PETTERSEN	OFFICER	5.00	Officer	$0	$0	$0
TAMMY PETTERSEN	OFFICER	5.00	Officer	$0	$0	$0
NATHAN THRONSON	OFFICER	5.00	Officer	$0	$0	$0
RON THOMSEN	OFFICER	10.00	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
2022	$151,092	$169,000	$311,711	$-17,908
2021	$151,260	$155,032	$329,619	$-3,772
2020	$160,020	$92,494	$335,150	$67,526
2019	$224,476	$163,204	$333,874	$61,272
2018	$174,149	$130,643	$317,602	$43,506