Coastlands Ministries (EIN 562087110) - 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

Fred W Brason II

Phone

3366678100

Tax Period

2024-01-01 to 2024-12-31

Coastlands Ministries, founded in 1998, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.2M left a modest 12% surplus.

Mission

Project Lazarus believes that communities are ultimately responsible for their own health and that every drug overdose is preventable. Utilizing experience, data, and compassion we empower communities and individuals toprevent substance use and overdoses, present responsible pain management, promote substance use treatment and provide recovery support services.

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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 $1,387,786

Program Service Revenue $1,932

Investment Income $311

Other Revenue $0

TOTAL REVENUE $1,390,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,000

Fundraising Expenses $0

Program Expenses $1,109,262

Other Expenses $617,324

TOTAL EXPENSES $1,217,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,390,029	$1,625,021	-0.1%
Expenses	$1,217,324	$1,666,492	-0.3%
Net Income	$172,705	$-41,471	-5.2%

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

N/A

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

$151,347

Total Directors

$151,347

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fred W Brason II	CEO and Director	40.00	Officer Director	$151,347	$0	$151,347
Anthony Dragovich	President and Director	0.00	Officer Director	$0	$0	$0
Su Layne Albert	Director	0.00	Director	$0	$0	$0
Steven D Passick	Director	0.00	Director	$0	$0	$0
Sidney H Schnoll	Secretary and Director	0.00	Officer Director	$0	$0	$0
Dane Mastin	Director	0.00	Director	$0	$0	$0
Eric Jones	Director	0.00	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
2024	$1,390,029	$1,217,324	$268,897	$172,705
2023	$1,625,021	$1,666,492	$131,895	$-41,471
2022	$925,184	$1,035,816	$138,413	$-110,632
2021	$1,854,422	$1,707,041	$254,059	$147,381
2020	$3,055,762	$3,057,533	$196,713	$-1,771
2019	$624,179	$624,950	$106,263	$-771
2018	$406,007	$539,688	$105,989	$-133,681

Coastlands Ministries