PROVIDENCE WORLD MINISTRIES INC (EIN 621848677) - 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

2001

Legal Domicile

Principal Officer

PHILIP DARKE

Phone

6152960500

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE WORLD MINISTRIES INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $154K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO INSPIRE AND EQUIP OTHERS TO LOVE ORPHANED AND AT-RISK CHILDREN AND THEIR COMMUNITIES WITH EXCELLENCE.

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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 $145,154

Program Service Revenue $8,000

Investment Income $647

Other Revenue $63

TOTAL REVENUE $153,864

Expense Breakdown

Grants Paid $18,473

Salaries & Benefits $146,913

Fundraising Expenses $2,627

Program Expenses $162,034

Other Expenses $49,459

TOTAL EXPENSES $214,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,864	$214,575	-0.3%
Expenses	$214,845	$261,125	-0.2%
Net Income	$-60,981	$-46,550	+0.3%

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

$104,312

Total Directors

$104,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP DARKE	CEO	40.00	Officer Director	$104,312	$0	$104,312
JOSH EAVES	CHAIR	1.00	Officer Director	$0	$0	$0
CHAD DOWNEY	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN HOPKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTY PERDOMO	SECRETARY	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
2023	$153,864	$214,845	$36,465	$-60,981
2022	$214,575	$261,125	$97,946	$-46,550
2021	$306,922	$242,622	$144,496	$64,300
2020	$240,802	$260,249	$133,383	$-19,447
2019	$532,972	$648,612	$108,585	$-115,640
2018	$608,583	$894,356	$220,271	$-285,773

PROVIDENCE WORLD MINISTRIES INC