MOLINE MINISTRIES 2 INC

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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

MELISSA CLAYTON

Phone

3038303300

Tax Period

2022-01-01 to 2022-12-31

MOLINE MINISTRIES 2 INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 288% from the prior year, signaling strong growth momentum. The organization ran a surplus of $883K, a strong 83% operating margin.

Mission

MOLINE MINISTRIES 2, INC. (MM2I) WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.THE UNDERLYING PROPERTY WAS SOLD IN DECEMBER OF 2021, AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $183,591 Revenue: $4,999

MOLINE MINISTRIES 2, INC. (MM2I) WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING...

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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 $2,170

Program Service Revenue $4,999

Investment Income $1,060,142

Other Revenue $0

TOTAL REVENUE $1,067,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,803

Fundraising Expenses $0

Program Expenses $183,591

Other Expenses $161,622

TOTAL EXPENSES $184,425

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,067,311	$275,318	+2.9%
Expenses	$184,425	$300,823	-0.4%
Net Income	$882,886	$-25,505	-35.6%

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

N/A

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

$1,378,333

Total Directors

$985,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SAAB	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$16,925	$111,234
JOE ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$8,873	$224,322
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$30,258	$165,078
MELISSA CLAYTON	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,552	$261,561
RON JACKSON	DIRECTOR	1.00	Director	$0	$31,505	$223,524
CHAD PAYNE	TREASURER	1.00	Officer	$0	$4,240	$194,051
FATMAH FARRAJ	VICE PRESIDENT	1.00	Officer	$0	$9,934	$172,177
MARK ANGELINI	VICE PRESIDENT	1.00	Officer	$0	$10,391	$249,910

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	$1,067,311	$184,425	No data	$882,886
2021	$275,318	$300,823	$1,259,139	$-25,505
2020	$293,580	$311,946	$1,264,797	$-18,366
2019	$296,218	$310,713	$1,345,436	$-14,495
2018	$393,702	$344,555	$1,365,158	$49,147