DESTINY MINISTRIES INC

EIN: 481004279 501(c)(3)

ARKANSAS CITY, KS

Total Revenue
$541,371
Total Expenses
$164,280
Total Assets
$749,823
Net Assets
$748,430
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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
KS
Principal Officer
SANDY NEWMAN
Tax Period
2023-01-01 to 2023-12-31

DESTINY MINISTRIES INC, founded in 1991, is a small nonprofit that reported $541K in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 70% operating margin.

Mission

CHRISTIAN PRAISE & WORSHIP

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $541,201
Investment Income $170
Other Revenue $0
TOTAL REVENUE $541,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,123
Fundraising Expenses $0
Program Expenses $164,280
Other Expenses $111,157
TOTAL EXPENSES $164,280

Year-over-Year Comparison

2023 2022 Change
Revenue $541,371 $210,668 +1.6%
Expenses $164,280 $141,192 +0.2%
Net Income $377,091 $69,476 +4.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE CONDIT TREASURER 0.00
Officer
$0 $0 $0
DEEANN A WARD SECRETARY 0.00
Officer
$0 $0 $0
SANDY NEWMAN PRESIDENT 0.00
Officer
$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 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
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