TRIUMPHANT LIVING MINISTRIES INC (EIN 621597460) - 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

1995

Legal Domicile

Principal Officer

MICHAEL SHREVE

Phone

4234782843

Tax Period

2023-01-01 to 2023-12-31

TRIUMPHANT LIVING MINISTRIES INC, founded in 1995, is a small nonprofit in the Religion sector that reported $351K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

TRIUMPHANT LIVING MINISTRIES SEEKS TO PROCLAIM THE GOSPEL WORLDWIDE, IN INTERDENOMINATIONAL, EVAGELISTIC "WORD AND WORSHIP ENCOUNTERS" VIA TELEVISION, RADIO AND INTERNET, PRODUCE EDIFYING CHRISTIAN BOOKS, BIBLE COURSES, CD'S AND DVD'S AND MATERIALS APPEALING TO THOSE OF NON-CHRISTIAN WORLDVIEWS AND GLOBAL PERSPECTIVES.

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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 $242,891

Program Service Revenue $105,154

Investment Income $0

Other Revenue $2,675

TOTAL REVENUE $350,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,692

Fundraising Expenses $0

Program Expenses $307,813

Other Expenses $199,641

TOTAL EXPENSES $367,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,720	$553,150	-0.4%
Expenses	$367,333	$302,745	+0.2%
Net Income	$-16,613	$250,405	-1.1%

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

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

$169,886

Total Directors

$169,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R SHREVE	PRESIDENT/CHAIRMAN	40.00	Officer Director	$169,886	$0	$169,886
ELIZABETH SHREVE	SECRETARY/TREASURER	40.00	Officer Director	$0	$0	$0
KENT SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE GODWIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WISH	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$350,720	$367,333	$130,312	$-16,613
2022	$553,150	$302,745	$159,805	$250,405
2021	$262,707	$284,710	$109,955	$-22,003
2020	$306,685	$306,229	$113,385	$456
2019	$307,412	$291,824	$121,557	$15,588
2018	$302,995	$299,605	$123,691	$3,390

TRIUMPHANT LIVING MINISTRIES INC