Free Life Ministries Inc (EIN 581314338) - 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

1977

Legal Domicile

Principal Officer

Terry L Johnson

Phone

9197367729

Tax Period

2024-01-01 to 2024-12-31

Free Life Ministries Inc, founded in 1977, is a small nonprofit that reported $385K in total revenue in fiscal year 2024. Expenses of $463K exceeded revenue, resulting in a 20% operating deficit.

Mission

Provide public access to Gospel TV Broadcasting

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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 $300,326

Program Service Revenue $0

Investment Income $84,419

Other Revenue $0

TOTAL REVENUE $384,745

Expense Breakdown

Grants Paid $99,426

Salaries & Benefits $202,488

Fundraising Expenses $0

Program Expenses $286,535

Other Expenses $161,528

TOTAL EXPENSES $463,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,745	$356,880	+0.1%
Expenses	$463,442	$535,853	-0.1%
Net Income	$-78,697	$-178,973	-0.6%

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

$89,595

Total Directors

Key Employees

$84,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Johnson	Executive Director	40.00	Officer Key Emp Highest	$84,000	$0	$84,000
Franklin G Stallings	Program Host	5.00	Officer	$5,595	$0	$5,595
Brian Rogers	Secretary/Treasurer	0.00	Officer	$0	$0	$0
Greg Nettercutt	Director	0.00	Director	$0	$0	$0
Frank Dawson	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
2025	No data	No data	No data	No data
2024	$384,745	$463,442	$2,553,996	$-78,697
2023	$356,880	$535,853	$2,511,258	$-178,973
2022	$461,620	$619,234	$2,553,232	$-157,614
2021	$472,286	$558,709	$3,123,694	$-86,423
2020	$431,733	$532,386	$3,042,561	$-100,653
2019	$472,822	$511,140	$3,143,501	$-38,318
2018	$409,421	$424,486	$2,926,243	$-15,065

Free Life Ministries Inc