DESTINY MINISTRIES 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

1991

Legal Domicile

Principal Officer

SANDY NEWMAN

Phone

6204425339

Tax Period

2025-01-01 to 2025-12-31

DESTINY MINISTRIES INC, founded in 1991, is a small nonprofit that reported $751K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $524K, a strong 70% operating margin.

Mission

CHRISTIAN BIBLE TEACHING, PRAISE & WORSHIP

Program Service Accomplishments

Program 1

Expenses: $225,943

TO PROVIDE BIBLE TEACHING AND CHRISTIAN PRAISE AND WORSHIP SERVICES TO THE GENERAL PUBLIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $751,411

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $751,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,524

Fundraising Expenses $0

Program Expenses $225,943

Other Expenses $171,869

TOTAL EXPENSES $227,393

Year-over-Year Comparison

	2025	2024	Change
Revenue	$751,411	$638,511	+0.2%
Expenses	$227,393	$204,707	+0.1%
Net Income	$524,018	$433,804	+0.2%

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

$33,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY NEWMAN	PRESIDENT	40.00	Officer	$19,266	$13,200	$32,466
DEEANN A WARD	SECRETARY	20.00	Officer	$0	$1,000	$1,000

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
2025	$751,411	$227,393	$1,709,069	$524,018
2024	No data	No data	No data	No data
2023	$541,371	$164,280	$749,823	$377,091
2022	$210,668	$141,192	$374,501	$69,476
2021	$125,924	$130,930	$311,299	$-5,006
2020	$149,282	$143,476	$322,733	$5,806
2019	$221,489	$213,396	$322,208	$8,093
2018	$221,619	$213,413	$320,623	$8,206
2018	$221,619	$213,413	$320,623	$8,206