PARACHUTE MINISTRIES

EIN: 562563768 501(c)(3)

ANCHORAGE, AK

Total Revenue
$103,289
Total Expenses
$147,591
Total Assets
$8,552
Net Assets
$7,236
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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
2006
Legal Domicile
AK
Principal Officer
JOHN WAKEFIELD
Phone
9075622932
Tax Period
2019-01-01 to 2019-12-31

PARACHUTE MINISTRIES, founded in 2006, is a small nonprofit that reported $103K in total revenue in fiscal year 2019. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE A DROP-IN CENTER FOR TEENS AGES 13-18 WITH VARIOUS ACTIVITIES SUCH AS VIDEO GAMES, POOL TABLE, COMPUTERS, PING-PONG TABLE, A SMALL CAFE AND CARING ADULT VOLUNTEERS THAT WANT TO SHARE THEIR LIVES WITH YOUTH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $126,636
Program Service Revenue $0
Investment Income $-25,340
Other Revenue $1,993
TOTAL REVENUE $103,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,136
Fundraising Expenses $20,678
Program Expenses $98,820
Other Expenses $71,455
TOTAL EXPENSES $147,591

Year-over-Year Comparison

2019 2018 Change
Revenue $103,289 $251,127 -0.6%
Expenses $147,591 $244,661 -0.4%
Net Income $-44,302 $6,466 -7.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WAKEFIELD PRESIDENT 3.00
Officer
$0 $0 $0
LAURI LACIE VICE PRESIDE 3.00
Officer
$0 $0 $0
ABRAHAM GILILA BOARD MEMBER 3.00
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
2019 $103,289 $147,591 $8,552 $-44,302
2018 $251,127 $244,661 $89,222 $6,466
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