RICK CORAM MINISTRIES INC (EIN 592983071) - 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

1988

Legal Domicile

Principal Officer

RICHARD A CORAM

Phone

9047103253

Tax Period

2024-01-01 to 2024-12-31

RICK CORAM MINISTRIES INC, founded in 1988, is a small nonprofit in the Religion sector that reported $508K in total revenue in fiscal year 2024. Expenses of $483K left a modest 5% surplus.

Mission

EVANGELISTIC PREACHING AND TEACHING OF THE GOSPEL OF JESUS CHRIST

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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 $500,320

Program Service Revenue $0

Investment Income $0

Other Revenue $7,845

TOTAL REVENUE $508,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,187

Fundraising Expenses $0

Program Expenses $728

Other Expenses $181,567

TOTAL EXPENSES $482,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,165	$505,559	+0.0%
Expenses	$482,754	$472,367	+0.0%
Net Income	$25,411	$33,192	-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

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

$133,204

Total Directors

$90,309

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD A CORAM	PRESIDENT	40.00	Officer Director	$90,309	$0	$90,309
JUDITH L CORAM	SECRETARY	40.00	Officer	$42,895	$0	$42,895
DALE ALBERT	BOARD MEMBER	N/A	Director	$0	$0	$0
EDDIE BOOHER	BOARD MEMBER	N/A	Director	$0	$0	$0
KIP COOK	BOARD MEMBER	N/A	Director	$0	$0	$0
RON CORAM	BOARD MEMBER	N/A	Director	$0	$0	$0
HAL HODGINS	BOARD MEMBER	N/A	Director	$0	$0	$0
JERRY HUDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CURTIS JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
DANNY WADE	BOARD MEMBER	N/A	Director	$0	$0	$0
RALPH WATSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ALLAN WETHERINGTON	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT WHISMAN	BOARD MEMBER	N/A	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	$508,165	$482,754	$230,910	$25,411
2023	$505,559	$472,367	$207,571	$33,192
2022	$447,455	$399,114	$181,471	$48,341
2021	$228,654	$298,284	$117,790	$-69,630
2020	$455,451	$382,836	$189,596	$72,615

RICK CORAM MINISTRIES INC