TRIUMPH MINISTRY INC

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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

1999

Legal Domicile

Principal Officer

ALVIN O DAVIS

Tax Period

2023-01-01 to 2023-12-31

TRIUMPH MINISTRY INC, founded in 1999, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $259K, a strong 25% operating margin.

Mission

TRIUMPH MINISTRY PROVIDES SPIRITUAL GUIDANCE, TRAINING, MENTORING, FOOD, CLOTHING AND OTHER RESOURCES TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES. TM ALSO INSPIRES, EQUIPS AND EMPOWERS COMMUNITY LEADERS FOR THE NEXT GENERATION THROUGH CHILDCARE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $678,338 Revenue: $516,178

TRIUMPH LEARNING CENTER PROVIDES CHILDCARE SERVICES.

Program 2

PANTY: FOOD, CLOTHING, CLEANING SUPPLIES, BABY SUPPLIES ARE GIVEN TO LOW TO MODERATE INCOME FAMILIES MONTHLY. FILES ARE UPDATED AT EACH VISIT FOR ASSISTANCE. REFERRALS ARE GIVEN FOR UTILITIES, RENT, MENTAL HEALTH AND OTHER ASSISTANCE TO THE CLIENT. SERVICES CONTINUE AS LONG AS THE FAMILIES/INDIVIUAL ARE IN NEED AND COMMODITIES ARE AVAILIBLE.

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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 $536,954

Program Service Revenue $516,178

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,053,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,786

Fundraising Expenses $0

Program Expenses $678,338

Other Expenses $395,664

TOTAL EXPENSES $794,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,053,132	$768,163	+0.4%
Expenses	$794,450	$485,573	+0.6%
Net Income	$258,682	$282,590	-0.1%

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

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

$98,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE S DAVIS	1ST VICE	40.00	Officer	$0	$0	$27,850
DANIEL SHEARLS	2ND VICE	40.00	Officer	$0	$0	$27,200
MARILYN WEST	SECRETARY	30.00	Officer	$0	$0	$23,564
ALVIN O DAVIS	FOUNDER	30.00	Officer	$0	$0	$20,207
RICHMON PORTIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA REYES	TREASURER	1.00	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
2023	$1,053,132	$794,450	$939,019	$258,682
2022	$768,163	$485,573	$680,337	$282,590
2021	$287,095	$348,006	$518,622	$-60,911
2020	$289,660	$337,739	$1,121,823	$-48,079
2019	$337,848	$314,482	$1,157,591	$23,366
2018	$283,423	$277,986	$1,134,225	$5,437