Joel Hitchcock Ministries Inc (EIN 510386414) - 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

1998

Legal Domicile

Principal Officer

Joel Hitchcock

Phone

3028580887

Tax Period

2024-01-01 to 2024-12-31

Joel Hitchcock Ministries Inc, founded in 1998, is a small nonprofit in the Religion sector that reported $134K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $164K exceeded revenue, resulting in a 22% operating deficit.

Mission

To spread the Gospel of Jesus Christ

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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 $126,050

Program Service Revenue $0

Investment Income $0

Other Revenue $7,867

TOTAL REVENUE $133,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,225

Fundraising Expenses $0

Program Expenses $162,355

Other Expenses $77,452

TOTAL EXPENSES $163,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,917	$183,015	-0.3%
Expenses	$163,677	$185,072	-0.1%
Net Income	$-29,760	$-2,057	+13.5%

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

N/A

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

$72,459

Total Directors

$72,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BETTS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BROWN	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY DUKES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J HITCHCOCK	PRESIDENT	40.00	Officer Director Highest	$26,566	$27,746	$54,312
HEIDI HITCHCOCK	SECRETARY	40.00	Officer Director	$18,147	$0	$18,147

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	$133,917	$163,677	$15,059	$-29,760
2023	$183,015	$185,072	$38,871	$-2,057
2022	$193,600	$165,242	$37,808	$28,358
2021	$93,325	$102,469	$4,486	$-9,144
2020	$93,692	$91,254	$1,807	$2,438
2019	$94,993	$97,772	$3,098	$-2,779

Joel Hitchcock Ministries Inc