S O S MINISTRIES INC

EIN: 593644816 501(c)(3) Religion

CLEARWATER, FL

Total Revenue
$310,658
Total Expenses
$333,848
Total Assets
$988,210
Net Assets
$988,210
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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
2000
Legal Domicile
FL
Principal Officer
MICHAEL J GORDON
Phone
7276310990
Tax Period
2024-01-01 to 2024-12-31

S O S MINISTRIES INC, founded in 2000, is a small nonprofit in the Religion sector that reported $311K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $988K represent 38 months of operating reserves.

Mission

See Page 2, Part III, Number 1.

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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 $310,637
Program Service Revenue $0
Investment Income $21
Other Revenue $0
TOTAL REVENUE $310,658

Expense Breakdown

Grants Paid $188,108
Salaries & Benefits $76,216
Fundraising Expenses $0
Program Expenses $230,025
Other Expenses $69,524
TOTAL EXPENSES $333,848

Year-over-Year Comparison

2024 2023 Change
Revenue $310,658 $408,713 -0.2%
Expenses $333,848 $366,467 -0.1%
Net Income $-23,190 $42,246 -1.5%
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
3
Independent Members
2
Employees
2
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
2
$70,800
Total Directors
1
$60,000
Key Employees
2
$70,800
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL W SCHADT PRESIDENT 060.00
Officer Director Key Emp Highest
$60,000 $0 $60,000
CHARLES A RASICO OPERATIONS ADMIN. 040.00
Officer Key Emp
$10,800 $0 $10,800
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 $310,658 $333,848 $988,210 $-23,190
2023 $408,713 $366,467 $1,011,400 $42,246
2022 $438,871 $379,444 $969,154 $59,427
2021 $553,422 $336,029 $909,727 $217,393
2020 $362,737 $340,831 $692,334 $21,906
2019 $380,888 $377,045 $670,428 $3,843
2018 $385,942 $308,802 $666,585 $77,140
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