GOOD LIFE MINISTRIES (EIN 611758808) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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

2023-08-01 to 2024-07-31

GOOD LIFE MINISTRIES, founded in 2015, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2019. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $265K, a strong 18% operating margin.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,463,413

Program Service Revenue $0

Investment Income $61,770

Other Revenue $781,889

TOTAL REVENUE $2,307,072

Expense Breakdown

Grants Paid $1,158,730

Salaries & Benefits $524,934

Fundraising Expenses $59,960

Program Expenses $2,068,334

Other Expenses $550,196

TOTAL EXPENSES $2,233,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,307,072	$1,626,898	+0.4%
Expenses	$2,233,860	$1,479,025	+0.5%
Net Income	$73,212	$147,873	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BARKMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RANDY NISSLEY	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
SHANDON MULLET	SECRETARY	2.00	Officer Director	$0	$0	$0
CARL YODER	SPECIAL PROJ	2.00	Officer Director	$0	$0	$0
IVAN SCHROCK	TREASURER	10.00	Officer	$0	$0	$0
THOMAS HOSTETLER	DIRECTOR	2.00	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	2.00	Director	$0	$0	$0
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
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

GOOD LIFE MINISTRIES