Founders Ministries Inc (EIN 650243661) - 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

1990

Legal Domicile

Principal Officer

Thomas K Ascol

Phone

8885251689

Tax Period

2023-01-01 to 2023-12-31

Founders Ministries Inc, founded in 1990, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $257K, a strong 15% operating margin.

Mission

PROCLAIM THE GOSPEL OF JESUS CHRIST THROUGH A MINISTRY OF TEACHING AND ENCOURAGEMENT PROMOTING

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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 $978,385

Program Service Revenue $560,614

Investment Income $14,663

Other Revenue $149,409

TOTAL REVENUE $1,703,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,054

Fundraising Expenses $0

Program Expenses $1,203,439

Other Expenses $1,129,844

TOTAL EXPENSES $1,445,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,703,071	$1,432,586	+0.2%
Expenses	$1,445,898	$1,130,889	+0.3%
Net Income	$257,173	$301,697	-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

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas K Ascol	President	40.00	Officer Director	$90,000	$0	$90,000
Travis Allen	Chairman	1.00	Officer Director	$0	$0	$0
Bill Ascol	Secretary	1.00	Officer Director	$0	$0	$0
Voddie Baucham	Director	1.00	Director	$0	$0	$0
William Willcutts	Director	1.00	Director	$0	$0	$0
Jason Glas	Director	1.00	Director	$0	$0	$0
Chris Faro	Director	1.00	Director	$0	$0	$0
Don Kiah	Director	1.00	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	$1,703,071	$1,445,898	$1,856,528	$257,173
2022	$1,432,586	$1,130,889	$1,590,726	$301,697
2021	$1,390,834	$1,027,192	$1,307,068	$363,642
2020	$1,011,068	$425,703	$935,237	$585,365
2019	$371,637	$344,488	$342,810	$27,149

Founders Ministries Inc