DOMINION FINANCIAL MANAGEMENT INC

EIN: 562140536 501(c)(3) Human Services

Smyrna, TN

Total Revenue
$241,301
Total Expenses
$275,211
Total Assets
$66,915
Net Assets
$58,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Regina Harvey
Phone
6152205858
Tax Period
2024-01-01 to 2024-12-31

DOMINION FINANCIAL MANAGEMENT INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $241K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $275K exceeded revenue, resulting in a 14% operating deficit.

Mission

teaching families financial management using biblical principles. The mission of Dominion Financial Management, Inc. is to help people of all ages learn to manage their finances according to Biblical principles. Clients who come to see us want to fix their financial situation. They feel hopeless, ashamed, defeated and often paralyzed by fear. No one should be stuck in this cycle of financial failure. We know what it is like to need relief and we have helped guide thousands to be financial confident and prepared for the financial future they desire. Our clients avoid the failure of being stuck in place, unable to move forward and eventually ending in financial ruin. Instead we see transformation from the stress of financial chaos to the peace of calmly accomplishing financial goals.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,049
Program Service Revenue $17,252
Investment Income $0
Other Revenue $0
TOTAL REVENUE $241,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $214,738
Fundraising Expenses $8,606
Program Expenses $232,676
Other Expenses $60,473
TOTAL EXPENSES $275,211

Year-over-Year Comparison

2024 2023 Change
Revenue $241,301 $267,494 -0.1%
Expenses $275,211 $219,579 +0.3%
Net Income $-33,910 $47,915 -1.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
6
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
3
$17,278
Total Directors
7
$0
Key Employees
2
$78,502
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Regina Harvey Executive Director 40
Key Emp Highest
$61,224 $0 $61,224
Ronald Harvey President/Chief Operation Officer 15
Officer Key Emp
$17,278 $0 $17,278
Ken McKnight Director 1
Director
$0 $0 $0
Cheryl Tolbert Director/Board Chair 1
Director
$0 $0 $0
Angela Treece Director/Secretary 1
Officer Director
$0 $0 $0
Mike Green Director 1
Director
$0 $0 $0
Fran Veal Director/Treasurer 1
Officer Director
$0 $0 $0
Tiffany Schmidt Director 0
Director
$0 $0 $0
Jamie Steelman 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 $241,301 $275,211 $66,915 $-33,910
2023 $276,955 $216,955 $67,276 $60,000
2023 $267,494 $219,579 $99,800 $47,915
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