Elam Ministries (EIN 582134253) - 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

1994

Legal Domicile

Principal Officer

David Yeghnazar

Phone

7706648800

Tax Period

2024-01-01 to 2024-12-31

Elam Ministries, founded in 1994, is a mid-sized nonprofit in the Religion sector that reported $12.3M in total revenue in fiscal year 2024.

Mission

Strengthen and expand the Church by training leaders and workers for effective ministry of the Gospel.

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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 $12,426,802

Program Service Revenue $0

Investment Income $25,882

Other Revenue $-163,011

TOTAL REVENUE $12,289,673

Expense Breakdown

Grants Paid $7,214,732

Salaries & Benefits $2,411,850

Fundraising Expenses $568,206

Program Expenses $10,968,672

Other Expenses $2,447,084

TOTAL EXPENSES $12,073,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,289,673	$12,067,934	+0.0%
Expenses	$12,073,666	$11,788,643	+0.0%
Net Income	$216,007	$279,291	-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

100

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

$177,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel Yeghnazar	Chairman of the Board	5.00	Officer Director	$0	$0	$0
Ann Buwalda	Secretary	3.00	Officer Director	$0	$0	$0
Tom Waller	Director	1.00	Director	$0	$0	$0
Pete Dunn - Non-voting Member	Emeritus	1.00	Director	$0	$0	$0
Kathy Giske	Director	1.00	Director	$0	$0	$0
Mohamad Reza Roshanzamir	Director	5.00	Director	$0	$0	$0
Andrew Yeghnazar	Director	3.00	Director	$0	$0	$0
David Paris	Treasurer	3.00	Officer Director	$0	$0	$0
David Yeghnazar	President, Elam Ministries, Inc.	50.00	Officer	$177,188	$0	$177,188

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	$12,289,673	$12,073,666	$3,464,356	$216,007
2023	$12,067,934	$11,788,643	$3,221,828	$279,291
2022	$9,421,502	$12,006,206	$3,301,812	$-2,584,704
2021	$12,042,641	$10,279,479	$5,679,728	$1,763,162
2020	$10,917,052	$8,932,018	$3,750,510	$1,985,034
2019	$8,829,573	$8,511,587	$1,997,206	$317,986
2018	$7,327,618	$7,988,011	$2,102,183	$-660,393
2018	$7,327,618	$7,988,011	$2,102,183	$-660,393

Elam Ministries