KOINONIA MINISTRIES INC

EIN: 592916516 501(c)(3)

CLERMONT, FL

Total Revenue
$50,952
Total Expenses
$102,128
Total Assets
$119,338
Net Assets
$112,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
FL
Principal Officer
FREDRICK E STROMBECK
Phone
3525362792
Tax Period
2024-01-01 to 2024-12-31

KOINONIA MINISTRIES INC, founded in 1987, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 100% operating deficit.

Mission

RELIGIOUS MINISTRY

Program Service Accomplishments

Program 1
Expenses: $44,520

ALLOCATIONS ARE MADE AND EXPENSES PAID FOR POOR CHURCHES IN UKRAINE, ECUADOR, AND PERU TO HELP THEM PAY FOR EQUIPMENT AND PASTORS' SALARIES.

Program 2
Expenses: $21,277

TRAVEL COSTS FOR TRIPS BY BIBLE TEACHERS AND WORKERS ON SHORT-TERM ASSIGNMENT TO HELP IN CHURCHES RECEIVING THE ABOVE ALLOCATIONS.

Program 3
Expenses: $26,457

SALARIES AND BENEFITS PAID TO OFFICERS/MINISTERS AND BIBLE TEACHERS AND RELATED PAYROLL TAXES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,943
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $50,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,457
Fundraising Expenses $0
Program Expenses $102,128
Other Expenses $75,671
TOTAL EXPENSES $102,128

Year-over-Year Comparison

2024 2023 Change
Revenue $50,952 $106,984 -0.5%
Expenses $102,128 $121,322 -0.2%
Net Income $-51,176 $-14,338 +2.6%
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

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Governance

Voting Members
4
Independent Members
3
Employees
2
Volunteers
10

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
2
$24,000
Total Directors
5
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK E STROMBECK PRES.,DIRECTOR 20.00
Officer Director
$22,000 $0 $22,000
BETTE A STROMBECK VP,S,T,DIRECTOR 5.00
Officer Director
$2,000 $0 $2,000
STEVE BURRIS DIRECTOR 0.00
Director
$0 $0 $0
RANDALL STROMBECK DIRECTOR 2.00
Director
$0 $0 $0
BRADFORD MCCLENDON DIRECTOR 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
2025 No data No data No data No data
2024 $50,952 $102,128 $119,338 $-51,176
2023 $106,984 $121,322 $170,754 $-14,338
2022 $353,606 $258,655 $178,556 $94,951
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