DAVENPORT MINISTRIES INC (EIN 475227048) - 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

MELISSA CLAYTON

Phone

3038303300

Tax Period

2022-01-01 to 2022-12-31

DAVENPORT MINISTRIES INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $251K in total revenue in fiscal year 2022.

Mission

DAVENPORT MINISTRIES, INC. (DMI), IS A NON-STOCK, NON-PROFIT CORPORATION FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA, 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 2021, AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS.

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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 $0

Program Service Revenue $0

Investment Income $-251,493

Other Revenue $753

TOTAL REVENUE $-250,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,967

Other Expenses $5,967

TOTAL EXPENSES $5,967

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-250,740	$-920,933	-0.7%
Expenses	$5,967	$683,183	-1.0%
Net Income	$-256,707	$-1,604,116	-0.8%

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

$956,246

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

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	$-250,740	$5,967	No data	$-256,707
2021	$-920,933	$683,183	$299,902	$-1,604,116
2020	$633,027	$601,098	$3,052,268	$31,929
2019	$602,619	$601,355	$3,019,667	$1,264
2018	$570,045	$563,921	$3,051,384	$6,124

DAVENPORT MINISTRIES INC