David Akin Ministry Inc (EIN 582022855) - 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

1992

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

David Akin Ministry Inc, founded in 1992, is a small nonprofit in the Religion sector that reported $428K in total revenue in fiscal year 2023. Expenses of $390K left a modest 9% surplus.

Mission

The organization exists to share the Gospel of Jesus Christ through preaching, teaching, and praise and worship music by working with churches and other organizations primarily as Christian music artists.

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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 (2023)

Revenue Breakdown

Contributions & Grants $371,213

Program Service Revenue $57,274

Investment Income $0

Other Revenue $0

TOTAL REVENUE $428,487

Expense Breakdown

Grants Paid $25,730

Salaries & Benefits $288,443

Fundraising Expenses $0

Program Expenses $308,468

Other Expenses $75,961

TOTAL EXPENSES $390,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,487	$437,645	0.0%
Expenses	$390,134	$391,808	0.0%
Net Income	$38,353	$45,837	-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

Volunteers

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

$122,361

Total Directors

$122,361

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David K Akin Jr	President	50.00	Officer Director	$83,361	$0	$83,361
Lagene P Akin	Treasurer	50.00	Officer Director	$39,000	$0	$39,000
Julie Akin	Board Member	5.00	Director	$0	$0	$0
J Dennis Watson	PastorBoard Member	5.00	Director	$0	$0	$0
Jake Mask	Board Member	5.00	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	No data	No data	No data	No data
2023	$428,487	$390,134	$240,866	$38,353
2022	$437,645	$391,808	$202,513	$45,837
2021	$398,562	$456,481	$156,676	$-57,919
2020	$486,233	$428,721	$213,724	$57,512
2019	$405,724	$423,792	$147,188	$-18,068
2018	$483,744	$424,980	$165,550	$58,764

David Akin Ministry Inc