TRULIGHT 127 MINISTRIES INC (EIN 474686615) - 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

2015

Legal Domicile

Principal Officer

SONDRA L AJASIN

Phone

2108407083

Tax Period

2024-01-01 to 2024-12-31

TRULIGHT 127 MINISTRIES INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

SUPPORTING FOSTER CHILDREN AND FOSTER FAMILIES.

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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 $856,575

Program Service Revenue $3,280,142

Investment Income $0

Other Revenue $-35,246

TOTAL REVENUE $4,101,471

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $2,986,339

Fundraising Expenses $0

Program Expenses $4,091,577

Other Expenses $1,551,292

TOTAL EXPENSES $4,538,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,101,471	$4,701,649	-0.1%
Expenses	$4,538,631	$4,359,898	+0.0%
Net Income	$-437,160	$341,751	-2.3%

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

127

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

$218,549

Total Directors

$93,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONDRA L AJASIN	PRESIDENT / CEO	40.00	Officer Director	$93,947	$0	$93,947
JANE DAVIS	DIRECTOR	15.00	Director	$0	$0	$0
ALISON SMITH	SECRETARY	15.00	Director	$0	$0	$0
DAWN LEVIS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
VIRGINIA NELSON	INTERIM TREASURER	10.00	Officer Director	$0	$0	$0
HEATHER MCMINN	BOARD MEMBER	1.00	Director	$0	$0	$0
ABAYOMI D AJASIN	COO	40.00	Officer	$80,000	$0	$80,000
JODI L MOGEL	CFO	40.00	Officer	$44,602	$0	$44,602

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	$4,101,471	$4,538,631	$1,381,973	$-437,160
2023	$4,701,649	$4,359,898	$1,750,197	$341,751
2022	$3,994,062	$4,350,191	$1,432,653	$-356,129
2021	$4,677,706	$4,636,016	$1,858,708	$41,690
2020	$3,940,901	$3,895,790	$2,026,883	$45,111
2019	$3,231,525	$2,669,657	$1,678,459	$561,868
2018	$2,730,683	$2,344,958	$736,043	$385,725

TRULIGHT 127 MINISTRIES INC