Bedford, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Speaking Engagements & Events: This activity includes speaking to groups at conferences, series and one day events to discuss and strengthen marriages, family values, and parenting. During the year...
Speaking Engagements & Events: This activity includes speaking to groups at conferences, series and one day events to discuss and strengthen marriages, family values, and parenting. During the year, the two full-time employees averaged speaking four days a week.
Supporting Global Efforts: Working with and encouraging other organizations to help further the mission of teaching biblically-based family and marital programs. During this year, both full-time...
Supporting Global Efforts: Working with and encouraging other organizations to help further the mission of teaching biblically-based family and marital programs. During this year, both full-time employees traveled internationally in support of the organization's global efforts.
Counseling: Both full-time employees have continued to provide marriage and family counseling to couples and individuals averaging seven sessions per day when not traveling. Counseling has allowed...
Counseling: Both full-time employees have continued to provide marriage and family counseling to couples and individuals averaging seven sessions per day when not traveling. Counseling has allowed them to continue to experience "real life" understanding of the issues.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HOME IMPROVEMENT MINISTRIES INC with other nonprofits in Massachusetts and across the country.