KINGSWAY OF FLORIDA MINISTRIES INC (EIN 593624161) - 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

DANIEL B CERNEY

Phone

3526975878

Tax Period

2021-07-01 to 2022-06-30

KINGSWAY OF FLORIDA MINISTRIES INC, founded in 1999, is a micro nonprofit that reported $87K in total revenue in fiscal year 2021. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $114K exceeded revenue, resulting in a 30% operating deficit.

Mission

ENGAGE IN, ADVANCE, SUPPORT, PROMOTE AND ADMINISTER RELIGIOUS AND CHARITABLE ACTIVITIES, CAUSES, AND PROJECTS OF EVERY KIND AND NATURE WHATSOEVER

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $87,315

TOTAL REVENUE $87,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,910

Other Expenses $113,910

TOTAL EXPENSES $113,910

Year-over-Year Comparison

	2021	2020	Change
Revenue	$87,315	$363,476	-0.8%
Expenses	$113,910	$365,171	-0.7%
Net Income	$-26,595	$-1,695	+14.7%

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

N/A

Employees

N/A

Volunteers

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
SUSAN KITTEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DANIEL CERNEY	PRESIDENT	3.00	Officer	$0	$0	$0
ANDREW WELFEL	TREASURER	2.00	Officer	$0	$0	$0
JAMES TELLER	MEMBER	N/A	Officer	$0	$0	$0
PETER JOHNSTON	MEMBER	N/A	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
2022	$87,315	$113,910	No data	$-26,595
2021	$363,476	$365,171	$3,546,179	$-1,695

KINGSWAY OF FLORIDA MINISTRIES INC