GENESIS MINISTRIES INC (EIN 550760547) - 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

1999

Legal Domicile

Principal Officer

John Daniel Armstrong

Phone

8308992090

Tax Period

2023-01-01 to 2023-12-31

GENESIS MINISTRIES INC, founded in 1999, is a small nonprofit in the Youth Development sector that reported $688K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

A church with community outreach that's purpose is to impact people so that they understand their purpose and realize they have the spiritual authority to positively impact their culture, rather than have that culture impact and change them

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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 $687,940

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $687,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,350

Fundraising Expenses $0

Program Expenses $504,669

Other Expenses $474,023

TOTAL EXPENSES $693,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,940	$504,799	+0.4%
Expenses	$693,373	$499,122	+0.4%
Net Income	$-5,433	$5,677	-2.0%

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

$24,000

Total Directors

$65,340

Key Employees

$162,840

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DANIEL ARMSTRONG	DIRECTOR/SENIOR PASTOR	40	Director Key Emp Highest	$48,000	$17,340	$65,340
JOHNATHAN ARMSTRONG	ASSOCIATE PASTOR	40	Key Emp	$36,000	$6,000	$42,000
BRIAN KRAFT	SUPPORT LEADER, BLDG MGR	40	Key Emp	$31,500	$0	$31,500
JUDY ARMSTRONG	ASSISTANT PASTOR	30.00	Officer Key Emp	$24,000	$0	$24,000
YVETTE CANDANCE RICHARDSON	BOARD OF DIRECTORS	0.5	Officer	$0	$0	$0
MATT PATTERSON	BOARD OF DIRECTORS	5	Officer	$0	$0	$0
HERB YOUNG	BOARD OF DIRECTORS	0.5	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	$687,940	$693,373	$29,982	$-5,433
2022	$504,799	$499,122	$46,293	$5,677
2021	$412,796	$411,225	$40,616	$1,571
2020	$359,903	$336,913	$39,045	$22,990
2019	$372,064	$364,716	$16,055	$7,348
2018	$354,839	$376,228	$8,707	$-21,389

GENESIS MINISTRIES INC