Must Ministries Inc (EIN 582034725) - 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

1971

Legal Domicile

Principal Officer

Dr Dwight Reighard

Phone

7704279862

Tax Period

2023-07-01 to 2024-06-30

Must Ministries Inc, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $24.5M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

Serving neighbors in need and transforming lives and communities in response to Christ's call. Working to help individuals and families in need, MUST Ministries provides:-Day service centers to provide food, clothing, financial assistance, education and employment assistance, interview, assessment and referral services.-Integrated housing programs dedicated to helping residents break the cycle of poverty.- Mobile Must and Neighborhood Pantry programs provides food in neighborhoods & schools.

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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 $23,522,338

Program Service Revenue $236,418

Investment Income $272,814

Other Revenue $493,031

TOTAL REVENUE $24,524,601

Expense Breakdown

Grants Paid $13,474,138

Salaries & Benefits $7,247,588

Fundraising Expenses $1,498,209

Program Expenses $21,706,004

Other Expenses $4,196,151

TOTAL EXPENSES $24,950,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,524,601	$30,215,185	-0.2%
Expenses	$24,950,682	$32,134,443	-0.2%
Net Income	$-426,081	$-1,919,258	-0.8%

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

140

Volunteers

7400

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

$582,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dwight Ike Reighard	President/CEO	40.00	Officer	$252,531	$42,184	$294,715
Angela Phelps	Chief Operating Officer	40.00	Officer	$186,831	$13,303	$200,134
Regan Holroyd	Board Member	1.00	Director	$0	$0	$0
Aaron Smith	Controller	40.00	Highest	$114,147	$17,303	$131,450
Kathy Wilson	Vice President, HR & Volunteer Services	40.00	Highest	$103,383	$15,373	$118,756
David Ladnak	Vice President, IT Operations	40.00	Highest	$101,974	$14,733	$116,707
Greg Elder	Vice President, Client Services	40.00	Highest	$101,640	$8,948	$110,588
Thomas Najjar	Chief Financial Officer	40.00	Officer	$87,631	$0	$87,631
Chuck Vice	Chair	4.00	Officer Director	$0	$0	$0
Terry DeWitt	Treasurer/Vice Chair	2.00	Officer Director	$0	$0	$0
Sarah Powell	Secretary	2.00	Officer Director	$0	$0	$0
Alan Lee	Board Member	1.00	Director	$0	$0	$0
Andrew Cox	Board Member	1.00	Director	$0	$0	$0
Angelo Brown	Board Member	1.00	Director	$0	$0	$0
Ann Harris	Board Member	1.00	Director	$0	$0	$0
Bob Reccord	Board Member	1.00	Director	$0	$0	$0
Brian Scully	Board Member	1.00	Director	$0	$0	$0
Dan Styf	Board Member	1.00	Director	$0	$0	$0
Don Crampton	Board Member	1.00	Director	$0	$0	$0
Drew Shambarger	Board Member	1.00	Director	$0	$0	$0
Ellen Pugh	Board Member	1.00	Director	$0	$0	$0
Ellen Strife	Board Member	1.00	Director	$0	$0	$0
Eric Baker	Board Member	1.00	Director	$0	$0	$0
Erin Izen	Board Member	1.00	Director	$0	$0	$0
Esther Prieto	Board Member	1.00	Director	$0	$0	$0
Jay Cunningham	Board Member	1.00	Director	$0	$0	$0
Jeff Shropshire	Board Member	1.00	Director	$0	$0	$0
Jerry Cooper	Board Member	1.00	Director	$0	$0	$0
Jessica Carvalho	Board Member	1.00	Director	$0	$0	$0
John Carson	Board Member	1.00	Director	$0	$0	$0
Jose Andujar	Board Member	1.00	Director	$0	$0	$0
Joyette Holmes	Board Member	1.00	Director	$0	$0	$0
Mark Abrams	Board Member	1.00	Director	$0	$0	$0
Michelle Miller	Board Member	1.00	Director	$0	$0	$0
Michael Williams	Board Member	1.00	Director	$0	$0	$0
Milton Overton	Board Member	1.00	Director	$0	$0	$0
Nancy Blythe	Board Member	1.00	Director	$0	$0	$0
Pitts Carr	Board Member	1.00	Director	$0	$0	$0
Roberto Privitera	Board Member	1.00	Director	$0	$0	$0
Tammie Younng-Ennaemba	Board Member	1.00	Director	$0	$0	$0
Tom DiGregorio	Board Member	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
2025	No data	No data	No data	No data
2024	$24,524,601	$24,950,682	$35,741,247	$-426,081
2023	$30,215,185	$32,134,443	$36,567,895	$-1,919,258
2022	$35,481,764	$29,847,978	$38,621,848	$5,633,786
2021	$27,379,587	$17,259,998	$32,522,161	$10,119,589
2020	$15,744,646	$12,077,332	$23,230,398	$3,667,314
2019	$14,115,218	$10,069,863	$20,200,898	$4,045,355
2018	$9,639,119	$8,840,380	$16,536,159	$798,739

Must Ministries Inc