PROVIDENCE MINISTRIES INC (EIN 630898562) - 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

1986

Legal Domicile

Principal Officer

WILLIAM CORRETTE

Phone

9198054399

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE MINISTRIES INC, founded in 1986, is a small nonprofit in the International Affairs sector that reported $204K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 25% operating margin.

Mission

HELP CHILDREN ORPHANED BY THE HIV/AIDS VIRUS IN KENYA

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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 $192,844

Program Service Revenue $0

Investment Income $0

Other Revenue $11,322

TOTAL REVENUE $204,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,095

Other Expenses $152,856

TOTAL EXPENSES $152,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,166	$378,209	-0.5%
Expenses	$152,856	$550,003	-0.7%
Net Income	$51,310	$-171,794	-1.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN PIPKIN	DIRECTOR	1.00	Director	$0	$0	$0
DEBBY SUMMERLIN	DIRECTOR	1.50	Director	$0	$0	$0
NANCY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANN CROWELL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CORRETTE	TREASURER	4.00	Officer	$0	$0	$0
KELLY MAHAN	SECRETARY	2.00	Officer	$0	$0	$0
STACY HOWARD	VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
DONNA HEEBNER	CHAIRPERSON	3.00	Officer	$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	$204,166	$152,856	$126,008	$51,310
2023	$378,209	$550,003	$120,098	$-171,794
2022	$246,064	$185,900	$318,939	$60,164
2021	$337,020	$309,586	$260,128	$27,434
2020	$325,320	$265,488	$261,894	$59,832

PROVIDENCE MINISTRIES INC