TREE OF LIFE MINISTRIES OF DAYTONA BEACH FL INC (EIN 593695664) - 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

2001

Legal Domicile

Principal Officer

FREDERICK D GORINI

Phone

3868432261

Tax Period

2024-01-01 to 2024-12-31

TREE OF LIFE MINISTRIES OF DAYTONA BEACH FL INC, founded in 2001, is a micro nonprofit in the Religion sector that reported $40K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $147K exceeded revenue, resulting in a 267% operating deficit.

Mission

TREE OF LIFE MINISTRIES OF DAYTONA BEACH, FLORIDA, INC WILL CONTINUE TO PROMOTE THE CHRISTIAN GOSPEL PRIMARILY THROUGH TEACHING, DISTRIBUTION OF BOOKS AND TEACHING MATERIALS, AND BY PROVIDING GOVERNING AND ADMINISTRATIVE OVERSIGHT OF CHRISTIAN CHURCHES AND MINISTRIES BY DR FREDERICK D GORINI AND HIS MINISTRY STAFF. THE ACTIVITIES OF THE MINISTRY WILL INCLUDE IN ORDER OF IMPORTANCE AND PERCENTAGE OF TIME EXPENSED, THE FOLLOWING ACTIVITIES: TEACHING THE HOLY SCRIPTURES AT LOCAL CHURCHES, SEMINARS, RETREATS, CONVENTIONS, CONFERENCES AND CRUSADES BOTH IN THE THE USA AND OVERSEAS, IN ORDER TO STRENGTHEN AND ENCOURAGE CHRISTIAN BELIEVERS IN THEIR FAITH (40%) PROVIDING PERSONAL SCRIPTURAL ACCOUNTABILITY, INSTRUCTION AND ENCOURAGEMENT TO MINISTERS AND MINISTRIES WHO ARE ALSO INVOLVED IN THE FURTHERANCE OF CHRISTIAN LIVING (30%) WRITING BOOKS, PAMPHLETS AND TEACHING SYLLABI AND OTHER CHRISTIAN LITERATURE PERTINENT TO SCRIPTUAL VISION AND INSIGHT FOR FREE OF CHARGE DISTRIBUTION. (30%) THESE ACTI

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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 $37,092

Program Service Revenue $0

Investment Income $10,993

Other Revenue $-8,026

TOTAL REVENUE $40,059

Expense Breakdown

Grants Paid $1,008

Salaries & Benefits $102,390

Fundraising Expenses $0

Program Expenses $7,508

Other Expenses $43,493

TOTAL EXPENSES $146,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,059	$25,117	+0.6%
Expenses	$146,891	$129,546	+0.1%
Net Income	$-106,832	$-104,429	+0.0%

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

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

$100,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK D GORINI	PRESIDENT	20.00	Officer	$41,300	$39,560	$80,860
ROBERT GORINI	TREASURER	10.00	Officer	$20,000	$0	$20,000
PHILOMENA GORINI	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTY RICHARD	SECRETARY	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
2024	$40,059	$146,891	$768,736	$-106,832
2023	$25,117	$129,546	$886,869	$-104,429
2022	$67,514	$92,608	$974,157	$-25,094
2021	$103,161	$66,273	$1,004,726	$36,888
2020	$130,928	$44,481	$973,312	$86,447
2019	$88,466	$17,648	$858,125	$70,818
2018	$54,395	$14,154	$787,307	$40,241

TREE OF LIFE MINISTRIES OF DAYTONA BEACH FL INC