International Friendship Ministries Inc (EIN 582245017) - 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

2006

Legal Domicile

Principal Officer

RON COLLINS

Phone

7066530097

Tax Period

2023-01-01 to 2023-12-31

International Friendship Ministries Inc, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $393K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $367K left a modest 7% surplus.

Mission

INTERNATIONAL FRIENDSHIP MINISTRIES ALLOW MANY ETHNIC GROUPS TO WORK TOGETHER IN SOCIAL, EDUCATIONAL AND MULTI-CULTURAL ACTIVITIES. THE MINISTRIES INCLUDE BIBLICAL STUDIES FOR ALL AGES AT VARIOUS LOCATIONS AND TIMES; ENGLISH AS A SECOND LANGUAGE EDUCATIONAL PROGRAMS.

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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 $361,349

Program Service Revenue $31,772

Investment Income $6

Other Revenue $237

TOTAL REVENUE $393,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,223

Fundraising Expenses $23,002

Program Expenses $302,136

Other Expenses $176,606

TOTAL EXPENSES $366,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,364	$323,174	+0.2%
Expenses	$366,770	$447,626	-0.2%
Net Income	$26,594	$-124,452	-1.2%

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

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

$64,703

Total Directors

$64,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE COLLINS	ASST DIRECTOR	40.00	Officer Director	$40,518	$0	$40,518
RON COLLINS	President	40.00	Officer Director	$24,185	$0	$24,185
Dan Rogers	BOARD MEMBER	0.00	Director	$0	$0	$0
Mark Wise	Chairman	0.00	Director	$0	$0	$0
JORGE PARROT	Director	0.00	Director	$0	$0	$0
PAUL THOMAS	Treasurer	0.00	Officer Director	$0	$0	$0
DR SHARON BILLINS	BOARD MEMBER	0.00	Director	$0	$0	$0
SUSAN GRIFENHAGEN	Secretary	0.00	Officer Director	$0	$0	$0
REV CHUCK HASTY	BOARD MEMBER	0.00	Director	$0	$0	$0
RICH NICHOLS	BOARD MEMBER	0.00	Director	$0	$0	$0
MV THOMAS	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2023	$393,364	$366,770	$1,249,089	$26,594
2022	$323,174	$447,626	$1,353,663	$-124,452
2021	$676,344	$160,569	$1,531,419	$515,775
2021	$292,909	$278,885	$399,726	$14,024
2020	$378,069	$267,921	$268,286	$110,148
2019	$230,631	$294,462	$191,191	$-63,831
2018	$341,093	$278,862	$234,290	$62,231

International Friendship Ministries Inc