CORE MINISTRIES INC (EIN 474664295) - 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

2016

Legal Domicile

Principal Officer

RANDY RT PHILLIPS

Tax Period

2023-09-01 to 2024-08-31

CORE MINISTRIES INC, founded in 2016, is a small nonprofit in the Religion sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $210K left a modest 14% surplus.

Mission

CORE EXISTS TO SERVE AND EQUIP THOSE WHO ARE PASSIONATE ABOUT SEEING MEN EMBRACE THEIR TRUE IDENTITY AND PURPOSE. THROUGH STRATEGIC PARTNERSHIPS WE DEVELOP TOOLS AND RESOURCES FOR LEADERS TO DEEPEN THEIR IMPACT ON CULTURE.

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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 $244,548

Program Service Revenue $477

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,600

Fundraising Expenses $0

Program Expenses $158,469

Other Expenses $52,222

TOTAL EXPENSES $209,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,025	$188,888	+0.3%
Expenses	$209,822	$212,107	0.0%
Net Income	$35,203	$-23,219	-2.5%

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

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

$77,400

Total Directors

$77,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY RT PHILLIPS	PRESIDENT	50.00	Officer Director	$77,400	$0	$77,400
KEN CANFIELD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID GONZALES	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN HARRISON	TREASURER	1.00	Officer Director	$0	$0	$0
KAY HIRAMINE	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY PHILLIPS	BOARD MEMBER	1.00	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	$245,025	$209,822	$57,407	$35,203
2022	$228,643	$192,008	$33,786	$36,635
2021	$282,215	$260,334	$14,178	$21,881
2020	$94,384	$118,550	$9,411	$-24,166
2019	$233,370	$233,285	$14,775	$85
2018	$321,534	$392,818	$14,941	$-71,284

CORE MINISTRIES INC