PROVIDENCE MINISTRIES INC (EIN 581592141) - 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

1980

Legal Domicile

Principal Officer

ROY G JOHNSON

Phone

7062750268

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE MINISTRIES INC, founded in 1980, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024. Expenses of $10.2M left a modest 4% surplus.

Mission

PROVIDE FOOD AND SHELTER TO THE NEEDY; PROVIDE NEWSLETTER TO SUPPORTERS AND CONCERNED CITIZENS; PROVIDE TRANSITIONAL HOMES AND SUPPORT TO RECOVERING ADDICTS; PROVIDE THRIFT STORES TO THE NEEDY; PROVIDE SHELTER AND SUPPORT TO BATTERED WOMEN

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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 $9,539,179

Program Service Revenue $294,911

Investment Income $6,643

Other Revenue $764,243

TOTAL REVENUE $10,604,976

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $3,833,410

Fundraising Expenses $43,484

Program Expenses $8,864,365

Other Expenses $6,347,618

TOTAL EXPENSES $10,225,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,604,976	$10,019,096	+0.1%
Expenses	$10,225,712	$9,696,138	+0.1%
Net Income	$379,264	$322,958	+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

Governance

Voting Members

Independent Members

Employees

294

Volunteers

379

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

$360,800

Total Directors

$360,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY G JOHNSON	PRESIDENT	40.00	Officer Director	$182,300	$30,500	$212,800
EDITH D JOHNSON	MANAGER/TREA	40.00	Officer Director	$117,500	$30,500	$148,000
TOM MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCMURRAY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY STYLES	DIRECTOR	1.00	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
2024	$10,604,976	$10,225,712	$7,561,402	$379,264
2023	$10,019,096	$9,696,138	$7,202,183	$322,958
2022	$9,545,639	$9,030,674	$6,862,896	$514,965
2021	$8,847,536	$7,474,962	$7,097,090	$1,372,574
2020	$7,183,854	$6,764,215	$6,212,621	$419,639
2019	$6,277,471	$6,199,486	$5,672,659	$77,985
2018	$5,776,706	$5,563,138	$5,754,275	$213,568

PROVIDENCE MINISTRIES INC