NEEDLE'S EYE MINISTRIES INC (EIN 541057092) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

FRANK GOARE

Phone

8043581283

Tax Period

2024-07-01 to 2025-06-30

NEEDLE'S EYE MINISTRIES INC, founded in 1977, is a small nonprofit that reported $720K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $660K left a modest 8% surplus.

Mission

INTERDENOMINATIONAL CHRISTIAN MINISTRY DIRECTED PRIMARILY TO THE BUSINESS AND PROFESSIONAL COMMUNITY IN THE RICHMOND, VA METROPOLITAN AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $726,134

Program Service Revenue $29,840

Investment Income $100,870

Other Revenue $0

TOTAL REVENUE $856,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,631

Fundraising Expenses $51,457

Program Expenses $364,888

Other Expenses $202,075

TOTAL EXPENSES $554,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$856,844	$506,272	+0.7%
Expenses	$554,706	$614,980	-0.1%
Net Income	$302,138	$-108,708	-3.8%

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

$149,177

Total Directors

$149,177

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN MAROON	EXECUTIVE DI	40.00	Officer Director	$112,196	$36,981	$149,177
BOB DELILLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA BUTLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANK GOARE	TREASURER EX	1.00	Officer Director	$0	$0	$0
TONY ATLAS	DIRECTOR	1.00	Director	$0	$0	$0
CHIP BUEHLER	DIRECTOR	1.00	Director	$0	$0	$0
GERALD CARTER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HALE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PATTERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS WHITE	DIRECTOR	1.00	Director	$0	$0	$0
LUKE SWYGARD	DIRECTOR	1.00	Director	$0	$0	$0
ROY WOOD	DIRECTOR	1.00	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
2025	$856,844	$554,706	$2,431,728	$302,138
2024	$506,272	$614,980	$1,960,609	$-108,708
2023	$1,136,103	$705,334	$2,013,476	$430,769
2022	$1,458,314	$649,577	$1,580,056	$808,737
2021	$615,944	$547,855	$791,242	$68,089
2020	$668,258	$696,268	$753,393	$-28,010
2019	$720,131	$660,492	$740,428	$59,639

NEEDLE'S EYE MINISTRIES INC