THORN MINISTRIES INC (EIN 592421661) - 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

1984

Legal Domicile

Principal Officer

KRISTIN TAYLOR

Phone

8132394259

Tax Period

2023-01-01 to 2023-12-31

THORN MINISTRIES INC, founded in 1984, is a small nonprofit in the Education sector that reported $840K in total revenue in fiscal year 2023.

Mission

MINISTER TO THE HOMELESS AND NEEDY.

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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 $839,939

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $839,939

Expense Breakdown

Grants Paid $799,136

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $840,042

Other Expenses $42,253

TOTAL EXPENSES $841,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$839,939	$882,928	0.0%
Expenses	$841,389	$884,265	0.0%
Net Income	$-1,450	$-1,337	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSALIND COVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA DEBIASE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL DYE ESQUIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE JACOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
VIKI SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STASZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE PAUL AH CHONG	DIR-SOMOA	20.00	Officer	$0	$0	$0
CHRISTINE NICOSON	V.P./SEC.	10.00	Officer	$0	$0	$0
KRISTIN TAYLOR	PRESIDENT	20.00	Officer	$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	$839,939	$841,389	$21,034	$-1,450
2022	$882,928	$884,265	$21,896	$-1,337
2021	$943,401	$934,560	$21,914	$8,841
2020	$949,371	$946,097	$13,937	$3,274
2019	$941,797	$945,982	$10,651	$-4,185
2018	$1,047,345	$1,052,454	$14,741	$-5,109

THORN MINISTRIES INC