PARKER STREET MINISTRIES INC AND SUBSIDIARIES (EIN 593579886) - 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

1999

Legal Domicile

Principal Officer

TIMOTHY MITCHELL

Phone

8636824544

Tax Period

2024-01-01 to 2024-12-31

PARKER STREET MINISTRIES INC AND SUBSIDIARIES, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 78% operating margin.

Mission

PARKER STREET MINISTRIES IS A CHRIST-CENTERED ORGANIZATION COMMITTED TO INDIVIDUAL, FAMILY AND COMMUNITY RESTORATION, RECONCILIATION AND REVITALIZATION BEGINNING IN LAKELAND'S PARKER STREET COMMUNITY.

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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 $7,366,297

Program Service Revenue $0

Investment Income $55,952

Other Revenue $50,105

TOTAL REVENUE $7,472,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $920,848

Fundraising Expenses $67,324

Program Expenses $1,415,090

Other Expenses $707,160

TOTAL EXPENSES $1,628,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,472,354	$3,936,447	+0.9%
Expenses	$1,628,008	$1,395,052	+0.2%
Net Income	$5,844,346	$2,541,395	+1.3%

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

677

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

$102,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY MITCHELL	EXECUTIVE DI	40.00	Officer	$102,030	$0	$102,030
SCOTT MACDONALD	DIRECTOR	0.25	Director	$0	$0	$0
LANCE SCHMIDT CPA	TREASURER	0.25	Officer Director	$0	$0	$0
TERESA BRAY	IMMEDIATE PA	0.25	Officer Director	$0	$0	$0
HOWARD BAYLESS	DIRECTOR	0.25	Director	$0	$0	$0
KAY COCHRAN	DIRECTOR	0.25	Director	$0	$0	$0
MONTY DAVIS	DIRECTOR	0.25	Director	$0	$0	$0
MARC PRESNELL	CHAIR	0.25	Director	$0	$0	$0
TERRI PRESNELL	DIRECTOR	0.25	Director	$0	$0	$0
LYNNE SIMPKINS	DIRECTOR	0.25	Director	$0	$0	$0
TARA JESSUP	SECRETARY	0.25	Officer Director	$0	$0	$0
SAM STRAWBRIDGE	DIRECTOR	0.25	Director	$0	$0	$0
ROBBIE PEARCE	VICE CHAIR	0.25	Officer 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	$7,472,354	$1,628,008	$11,496,969	$5,844,346
2023	$3,936,447	$1,395,052	$5,638,296	$2,541,395
2022	$1,383,216	$1,077,340	$3,074,950	$305,876
2021	$1,680,707	$988,515	$2,803,538	$692,192
2020	$918,280	$819,449	$2,359,441	$98,831
2019	$904,117	$918,861	$2,157,845	$-14,744
2018	$833,583	$845,707	$2,150,331	$-12,124

PARKER STREET MINISTRIES INC AND SUBSIDIARIES