JIM WOOD MINISTRIES INC (EIN 621689586) - 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

1997

Legal Domicile

Principal Officer

JAMES P WOOD

Phone

8654297101

Tax Period

2024-01-01 to 2024-12-31

JIM WOOD MINISTRIES INC, founded in 1997, is a small nonprofit in the Religion sector that reported $254K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $313K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE SERVICES AND PROPERTY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES. TO ADVANCE THE GOSPEL OF JESUS CHRIST THROUGH BIBLICAL TEACHING, PREACHING, COUNSELING AND WRITING.

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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 $218,025

Program Service Revenue $33,000

Investment Income $2,790

Other Revenue $0

TOTAL REVENUE $253,815

Expense Breakdown

Grants Paid $2,663

Salaries & Benefits $282,719

Fundraising Expenses $2,777

Program Expenses $280,778

Other Expenses $27,916

TOTAL EXPENSES $313,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,815	$313,219	-0.2%
Expenses	$313,298	$321,198	0.0%
Net Income	$-59,483	$-7,979	+6.5%

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

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

$275,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES P WOOD	PRESIDENT	40.00	Officer	$96,862	$178,342	$275,204
BRYANT WRIGHT	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID PATILLO	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JAN DONALDSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WOOD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WELLMAN	EMERITUS	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	$253,815	$313,298	$241,258	$-59,483
2023	$313,219	$321,198	$306,860	$-7,979
2022	$317,130	$293,043	$310,539	$24,087
2021	$257,489	$270,418	$279,862	$-12,929
2020	$328,360	$274,001	$292,791	$54,359
2019	$275,942	$302,080	$236,478	$-26,138
2018	$275,190	$296,512	$266,910	$-21,322

JIM WOOD MINISTRIES INC