Lets Go Fishing Ministries 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

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.

Program Service Accomplishments

Program 1

Expenses: $305,051

Mens Leadership Trainings, Church consulting, Pastors Meetings, Speaking at Mens Events Internationally as well as other Discipleship focused events: We conduct a minimum of three Mens Leadership...

Mens Leadership Trainings, Church consulting, Pastors Meetings, Speaking at Mens Events Internationally as well as other Discipleship focused events: We conduct a minimum of three Mens Leadership Conferences per year, as well as speaking at Sportsmans shows, Iron Sharpens Iron Events, and other mens events. The attendance is from 25 to 300 people at these events. The goal is to move churches into a ministry to men that is focused on Discipleship and create men who are engaged in reaching their neighbors, co-workers, family and of course their church for Christ.

Program 2

Expenses: $23,811

General MinistryThe general ministry would include the following: church contact, counseling pastors and mens leaders, providing resources to churches and mens leaders, developing strategic alliances with other ministries, speaking at churches and other gatherings, and producing new resource materials on topics like discipleship, team building, mens ministry, stress, and leadership. The ministry usually contacts over 3 people or churches a month on a variety of topics. We are actively engaged with supporting over 160 churches and have around 2600 churches in our database.

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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