Lets Go Fishing Ministries Inc (EIN 680023605) - 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

1980

Legal Domicile

Principal Officer

James Grassi

Tax Period

2022-01-01 to 2022-12-31

Lets Go Fishing Ministries Inc, founded in 1980, is a small nonprofit in the Religion sector that reported $289K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 14% operating deficit.

Mission

Working with churches, para-church organizations, conference centers, and christian businesses. Mens Ministry Catalyst equips mens organizations with best practice strategies, structures, and multi-media presentations to help create vibrant mens ministry models.

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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 (2022)

Revenue Breakdown

Contributions & Grants $278,443

Program Service Revenue $1,850

Investment Income $142

Other Revenue $8,402

TOTAL REVENUE $288,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,010

Fundraising Expenses $0

Program Expenses $328,862

Other Expenses $98,852

TOTAL EXPENSES $328,862

Year-over-Year Comparison

	2022	2021	Change
Revenue	$288,837	$372,360	-0.2%
Expenses	$328,862	$256,519	+0.3%
Net Income	$-40,025	$115,841	-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

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

$137,213

Total Directors

$137,213

Key Employees

$224,213

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Grassi	President	40.00	Officer Director Key Emp	$42,900	$94,313	$137,213
Wendell Morton	Executive Director	40.00	Key Emp	$42,500	$44,500	$87,000
Don Paterson	Director	1.00	Director	$0	$0	$0
Rev Lee Hall	Director	1.00	Director	$0	$0	$0
Dr Austin Knuppe	Director	1.00	Director	$0	$0	$0
Taff Vidales	Director	1.00	Director	$0	$0	$0
Dr Mike Ettner	Director	1.00	Director	$0	$0	$0
Wayne Cofield	SecTreasurer	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$288,837	$328,862	$197,656	$-40,025
2021	$372,360	$256,519	$232,127	$115,841
2020	$214,388	$209,139	$135,086	$5,249
2019	$211,434	$197,843	$110,537	$13,591
2018	$168,561	$137,057	$97,446	$31,504

Lets Go Fishing Ministries Inc