GLOBAL IMPACT MINISTRIES INC (EIN 631229918) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

RICHARD A GROOVER Jr

Phone

5132560317

Tax Period

2024-01-01 to 2024-12-31

GLOBAL IMPACT MINISTRIES INC, founded in 1999, is a small nonprofit in the International Affairs sector that reported $313K in total revenue in fiscal year 2020. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $288K left a modest 8% surplus.

Mission

PROVIDE HUMANITARIAN ASSISTANCE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $813,449

Program Service Revenue $0

Investment Income $0

Other Revenue $10,800

TOTAL REVENUE $824,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,573

Fundraising Expenses $0

Program Expenses $789,948

Other Expenses $422,375

TOTAL EXPENSES $789,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$824,249	$552,779	+0.5%
Expenses	$789,948	$602,392	+0.3%
Net Income	$34,301	$-49,613	-1.7%

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

$259,538

Total Directors

$126,239

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD A GROOVER Jr	PRESIDENT	40.00	Officer	$100,899	$32,400	$133,299
MICHAEL T PERRY	ASSISTANT DIRECTOR	40.00	Officer Director	$91,235	$35,004	$126,239
TROY HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE QUESTIONATI	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY GROOVER	SECRETARY - TREASURER	40.00	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	$824,249	$789,948	$442,539	$34,301
2023	$552,779	$602,392	$408,240	$-49,613
2022	$626,159	$636,159	$457,853	$-10,000
2021	$878,912	$844,500	$473,217	$34,412
2020	$313,034	$287,818	$55,461	$25,216

GLOBAL IMPACT MINISTRIES INC