VOLUNTEER MINISTRY CENTER (EIN 621338748) - 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

1987

Legal Domicile

Principal Officer

TRACEY WILLIAMS

Phone

8655243926

Tax Period

2023-01-01 to 2023-12-31

VOLUNTEER MINISTRY CENTER, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 41% operating margin.

Mission

TO WORK WITH HOMELESS INDIVIDUALS SO THAT THEY ACHIEVE HOUSING AND ACCESS TO SUPPORTIVE SERVICES. ALSO, THE ORGANIZATION WORKS TO PREVENT HOMELESSNESS FOR MARGINALLY HOUSED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,526,918

Program Service Revenue $1,173,484

Investment Income $141,926

Other Revenue $286,257

TOTAL REVENUE $6,128,585

Expense Breakdown

Grants Paid $366,014

Salaries & Benefits $2,290,113

Fundraising Expenses $70,112

Program Expenses $3,048,900

Other Expenses $936,177

TOTAL EXPENSES $3,592,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,128,585	$5,044,542	+0.2%
Expenses	$3,592,304	$3,632,784	0.0%
Net Income	$2,536,281	$1,411,758	+0.8%

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

1421

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

$124,737

Total Directors

$35,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SPANGLER	CEO	40.00	Officer Director	$35,198	$0	$35,198
DAVID ARNING	VICE CHAIR	2.00	Director	$0	$0	$0
LAURA SEYMOUR	HR REPRESENTATIVE	2.00	Director	$0	$0	$0
NANCY FRIEDRICH	CHAIR	6.00	Officer Director	$0	$0	$0
PHILLIP M FURLONG	SECRETARY	2.00	Officer Director	$0	$0	$0
KALEB BUCKNER	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN CONWAY	DIRECTOR	2.00	Director	$0	$0	$0
RICHIE GANDY	DIRECTOR	2.00	Director	$0	$0	$0
HITCH GILCHRIST	DIRECTOR	2.00	Director	$0	$0	$0
ROSS GOODMAN	DIRECTOR	2.00	Director	$0	$0	$0
FELIX HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
RICK JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
ANNA JUSTICE	DIRECTOR	2.00	Director	$0	$0	$0
CARA KNAPP	DIRECTOR	2.00	Director	$0	$0	$0
KEN KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
GREG MARRET	DIRECTOR	2.00	Director	$0	$0	$0
DARRELL MURRELL	DIRECTOR	2.00	Director	$0	$0	$0
ALISON OAKES	DIRECTOR	2.00	Director	$0	$0	$0
HUNTER PURNELL	DIRECTOR	2.00	Director	$0	$0	$0
RAGAN SCHRIVER	DIRECTOR	2.00	Director	$0	$0	$0
MARK WALKER	DIRECTOR	2.00	Director	$0	$0	$0
EBONI WINFORD	DIRECTOR	2.00	Director	$0	$0	$0
BO TOWNSEND	INTERIM CEO	40.00	Officer	$23,432	$0	$23,432
CHRIS COWART	INTERIM CEO	40.00	Officer	$66,107	$0	$66,107

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	No data	No data	No data	No data
2023	$6,128,585	$3,592,304	$13,009,445	$2,536,281
2023	$4,808,163	$3,521,564	$11,713,959	$1,286,599
2022	$5,044,542	$3,632,784	$10,353,138	$1,411,758
2021	$4,498,642	$2,959,274	$9,180,379	$1,539,368
2021	$4,498,642	$2,959,274	$9,180,379	$1,539,368
2020	$2,706,889	$2,558,500	$7,463,279	$148,389
2019	$2,370,045	$1,980,336	$7,439,472	$389,709
2018	$2,273,919	$1,859,367	$6,845,142	$414,552

VOLUNTEER MINISTRY CENTER