SALEM FAMILY MINISTRIES INC

EIN: 581459965 501(c)(3)

CATHEDRAL CITY, CA

Total Revenue
$804,288
Total Expenses
$541,845
Total Assets
$4,605,815
Net Assets
$4,605,815
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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
CA
Tax Period
2023-01-01 to 2023-12-31

SALEM FAMILY MINISTRIES INC, founded in 1998, is a small nonprofit that reported $804K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $262K, a strong 33% operating margin.

Mission

TEACHING GOSPEL OF CHRIST

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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 (2023)

Revenue Breakdown

Contributions & Grants $648,044
Program Service Revenue $0
Investment Income $155,514
Other Revenue $730
TOTAL REVENUE $804,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,636
Fundraising Expenses $0
Program Expenses $504,840
Other Expenses $71,209
TOTAL EXPENSES $541,845

Year-over-Year Comparison

2023 2022 Change
Revenue $804,288 $409,018 +1.0%
Expenses $541,845 $539,689 +0.0%
Net Income $262,443 $-130,671 -3.0%
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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL P SALEM VICE PRESIDENT 0.00
Officer
$0 $0 $0
HARRY A SALEM PRESIDENT 0.00
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 $804,288 $541,845 $4,605,815 $262,443
2022 $409,018 $539,689 $4,363,678 $-130,671
2021 $642,287 $658,170 $4,475,908 $-15,883
2020 $478,481 $465,860 $4,484,593 $12,621
2019 $576,825 $463,203 $4,271,342 $113,622
2018 $479,061 $466,726 $4,147,966 $12,335
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