GOOD LIFE MINISTRIES

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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

2015

Legal Domicile

Principal Officer

JOEL BARKMAN

Phone

7408921624

Tax Period

2024-08-01 to 2025-07-31

GOOD LIFE MINISTRIES, founded in 2015, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SHARE THE LOVE OF CHRIST THROUGH EDUCATIONAL MINISTRIES, HOLISTIC CHARACTER DEVELOPMENT, AND HUMANITARIAN EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $1,535,988

GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS IN INDIA TO SUPPORT EDUCATIONAL AND HUMANITARIAN EFFORTS. EDUCATIONAL MINISTRIES ARE CONDUCTED THROUGH VARIOUS DAY SCHOOLS, CHILDREN'S EVENTS, TRAINING...

GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS IN INDIA TO SUPPORT EDUCATIONAL AND HUMANITARIAN EFFORTS. EDUCATIONAL MINISTRIES ARE CONDUCTED THROUGH VARIOUS DAY SCHOOLS, CHILDREN'S EVENTS, TRAINING CENTERS, AND FINANCIAL EDUCATION TO HELP FAMILIES THRIVE. HUMANITARIAN AID IS PROVIDED THROUGH A CHILDREN'S HOME, HOUSING FOR PEOPLE LIVING IN SLUMS, SUPPORTING CHILDREN WITH SPECIAL NEEDS, THE DISTRIBUTION OF AID TO THOSE IN NEED, AND GIVING CHRISTMAS GIFTS TO CHILDREN.

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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 $1,886,120

Program Service Revenue $0

Investment Income $66,320

Other Revenue $208,132

TOTAL REVENUE $2,160,572

Expense Breakdown

Grants Paid $1,472,755

Salaries & Benefits $541,220

Fundraising Expenses $119,956

Program Expenses $2,289,708

Other Expenses $494,218

TOTAL EXPENSES $2,508,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,160,572	$2,307,072	-0.1%
Expenses	$2,508,193	$2,233,860	+0.1%
Net Income	$-347,621	$73,212	-5.7%

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

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

Total Directors

$6,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BARKMAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RANDY NISSLEY	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
SHANDON MULLET	SECRETARY	5.00	Officer Director	$0	$0	$0
CARL YODER	SPECIAL PROJ	5.00	Officer Director	$0	$0	$0
IVAN SCHROCK	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HOSTETLER	TREASURER	5.00	Officer Director	$0	$0	$0
ALVIN W MILLER	DIRECTOR	2.00	Director	$0	$0	$0
CARLIN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MILLER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MULLET	DIRECTOR	12.00	Director	$6,049	$0	$6,049
GLENN MUSSER	DIRECTOR	2.00	Director	$0	$0	$0
BEN RIEGSECKER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM STOLL JR	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN TROYER	DIRECTOR	2.00	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
2025	$2,160,572	$2,508,193	$1,442,655	$-347,621
2024	$2,307,072	$2,233,860	$1,799,509	$73,212
2023	$1,626,898	$1,479,025	$1,718,341	$147,873
2022	$1,422,223	$1,314,312	$1,576,436	$107,911
2021	$1,391,481	$965,036	$1,465,368	$426,445
2020	$1,453,673	$1,188,273	$1,076,410	$265,400