YANCY MINISTRIES INC (EIN 621823332) - 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

2002

Legal Domicile

Principal Officer

YANCY WIDEMAN RICHMOND

Phone

6156316862

Tax Period

2023-01-01 to 2023-12-31

YANCY MINISTRIES INC, founded in 2002, is a small nonprofit in the Religion sector that reported $286K in total revenue in fiscal year 2023. Expenses of $327K exceeded revenue, resulting in a 14% operating deficit.

Mission

MINISTERING THE GOSPEL OF JESUS CHRIST THROUGH MUSIC.

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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 $184,388

Program Service Revenue $0

Investment Income $35

Other Revenue $101,105

TOTAL REVENUE $285,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,572

Fundraising Expenses $3,049

Program Expenses $218,128

Other Expenses $263,156

TOTAL EXPENSES $326,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,528	$290,561	0.0%
Expenses	$326,728	$300,788	+0.1%
Net Income	$-41,200	$-10,227	+3.0%

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

$80,700

Total Directors

$80,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YANCY WIDEMAN RICHMOND	PRESIDENT	40.00	Officer Director	$37,219	$43,481	$80,700
BLAINE BARTEL	BOARD MBR	N/A	Director	$0	$0	$0
RON COLEMAN	BOARD MBR	N/A	Director	$0	$0	$0
DR TRACY STANDRIDGE	BOARD MBR	N/A	Director	$0	$0	$0
JIM WIDEMAN	TREASURER	1.00	Officer 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	$285,528	$326,728	$96,957	$-41,200
2022	$290,561	$300,788	$138,157	$-10,227
2021	$330,096	$274,049	$163,255	$56,047
2020	$259,691	$255,472	$97,659	$4,219
2019	$292,665	$281,137	$95,117	$11,528
2018	$245,332	$260,711	$82,679	$-15,379

YANCY MINISTRIES INC