RESOURCE SERVICE MINISTRIES INC (EIN 581528643) - 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

1984

Legal Domicile

Principal Officer

MICHAEL KIMSEY

Phone

4048720167

Tax Period

2024-01-01 to 2024-12-31

RESOURCE SERVICE MINISTRIES INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO SEE LOW-INCOME SENIOR HOMEOWNERS SPIRITUALLY ACTIVE WHILE AGING IN PLACE IN THEIR OWN HOMES.

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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 $1,397,401

Program Service Revenue $0

Investment Income $368

Other Revenue $49

TOTAL REVENUE $1,397,818

Expense Breakdown

Grants Paid $1,079,281

Salaries & Benefits $248,246

Fundraising Expenses $6,171

Program Expenses $1,304,338

Other Expenses $121,208

TOTAL EXPENSES $1,448,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,397,818	$1,474,217	-0.1%
Expenses	$1,448,735	$1,630,028	-0.1%
Net Income	$-50,917	$-155,811	-0.7%

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

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

158

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

$116,240

Total Directors

$116,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
EQUILLA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK BOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WISE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG WILLIAMS	BOARD CHAIRM	1.00	Director	$0	$0	$0
ANTHONY SIMS	CHAPLAIN	1.00	Officer Director	$0	$0	$0
GARY ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL KIMSEY	EXECUTIVE DI	50.00	Officer Director	$116,240	$0	$116,240
DANA PECK	SECRETARY	1.00	Officer Director	$0	$0	$0
CHUCK LECRAW	CHAIRMAN	1.00	Officer 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	$1,397,818	$1,448,735	$1,703,043	$-50,917
2023	$1,474,217	$1,630,028	$1,768,208	$-155,811
2022	$1,392,452	$1,383,900	$1,770,255	$8,552
2021	$1,535,671	$1,244,176	$1,736,240	$291,495
2020	$1,558,605	$1,226,187	$1,591,830	$332,418
2019	$900,869	$1,240,096	$1,118,397	$-339,227
2018	$1,247,417	$1,026,845	$1,448,601	$220,572

RESOURCE SERVICE MINISTRIES INC