RICK BONFIM MINISTRIES INC

EIN: 581574323 501(c)(3) Religion

WATKINSVILLE, GA

Total Revenue
$829,649
Total Expenses
$842,626
Total Assets
$396,485
Net Assets
$297,358
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
GA
Principal Officer
RICK BONFIM
Phone
7063531546
Tax Period
2024-01-01 to 2024-12-31

RICK BONFIM MINISTRIES INC, founded in 1984, is a small nonprofit in the Religion sector that reported $830K in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF RICK BONFIM MINISTRIES IS TO SPREAD THE CHRISTIAN FAITH. THIS IS ACCOMPLISHED BY EVANGELISM IN THE UNITED STATES, BRAZIL, ISRAEL,AND CUBA.

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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 $763,211
Program Service Revenue $66,438
Investment Income $0
Other Revenue $0
TOTAL REVENUE $829,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,878
Fundraising Expenses $0
Program Expenses $702,370
Other Expenses $747,748
TOTAL EXPENSES $842,626

Year-over-Year Comparison

2024 2023 Change
Revenue $829,649 $850,540 0.0%
Expenses $842,626 $867,359 0.0%
Net Income $-12,977 $-16,819 -0.2%
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
7
Independent Members
7
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
1
$60,340
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BONFIM PRESIDENT 50.00
Officer
$56,798 $3,542 $60,340
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 $829,649 $842,626 $396,485 $-12,977
2023 $850,540 $867,359 $373,655 $-16,819
2022 $1,066,192 $1,070,302 $477,424 $-4,110
2021 $994,485 $915,737 $338,060 $78,748
2021 $999,020 $919,924 $488,453 $79,096
2020 $725,784 $731,057 $257,867 $-5,273
2019 $1,079,883 $975,172 $257,483 $104,711
2018 $998,504 $1,050,767 $155,598 $-52,263
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