HOME IMPROVEMENT MINISTRIES INC (EIN 510469996) - 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

2003

Legal Domicile

Principal Officer

Doug Macrae

Phone

7812756473

Tax Period

2023-01-01 to 2023-12-31

HOME IMPROVEMENT MINISTRIES INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $448K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

The mission of Home Improvement Ministries is to equip, encourage, and bring hope to churches, families, and marriages as they seek to establish and live out biblical designs for relationships.

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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 (2023)

Revenue Breakdown

Contributions & Grants $275,913

Program Service Revenue $172,024

Investment Income $0

Other Revenue $0

TOTAL REVENUE $447,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,971

Fundraising Expenses $0

Program Expenses $442,423

Other Expenses $167,000

TOTAL EXPENSES $474,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,937	$312,439	+0.4%
Expenses	$474,971	$446,241	+0.1%
Net Income	$-27,034	$-133,802	-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

Employees

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

$203,004

Total Directors

$203,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Friesen	President	80	Officer Director	$119,025	$0	$119,025
Virginia Friesen	Vice President	80	Officer Director	$83,979	$0	$83,979
Doug Macrae	Secretary & Treasurer	2	Director	$0	$0	$0
Julie Macrae	Director	1	Director	$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	$447,937	$474,971	$506,456	$-27,034
2022	$312,439	$446,241	$518,260	$-133,802
2021	$367,397	$289,144	$652,062	$78,253
2020	$385,428	$355,475	$573,809	$29,953
2019	$499,802	$480,467	$533,856	$19,335
2018	$368,093	$393,032	$622,567	$-24,939

HOME IMPROVEMENT MINISTRIES INC