LIFE ASSURANCE MINISTRIES INC (EIN 680182727) - 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

2000

Legal Domicile

Principal Officer

Richard Tinker

Phone

9097949804

Tax Period

2023-01-01 to 2023-12-31

LIFE ASSURANCE MINISTRIES INC, founded in 2000, is a small nonprofit in the Religion sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $187K left a modest 11% surplus.

Mission

Publishes "Proclamation!" magazine online, videos, and podcasts clarifying the new covenant gospel of grace and pointing out the errors of legalism and false religion. Publishes on the web at www.LifeAssuranceMinistries.org and others, and engages in seminars in various locations.

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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 $209,626

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $209,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,770

Other Expenses $187,103

TOTAL EXPENSES $187,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,636	$171,028	+0.2%
Expenses	$187,103	$155,537	+0.2%
Net Income	$22,533	$15,491	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Tinker	President	2	Officer Director	$0	$0	$0
Cheryl Granger	Secretary	1	Officer Director	$0	$0	$0
Dale Ratzlaff	Director	0.5	Director	$0	$0	$0
Martin Carey	Director	0.5	Director	$0	$0	$0
Carel Stevenson	Director	0.5	Director	$0	$0	$0
Kaspars Ozolins	Director	0.5	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	$209,636	$187,103	$230,729	$22,533
2022	$171,028	$155,537	$208,196	$15,491
2021	$193,698	$148,964	$192,705	$44,734
2020	$227,740	$150,968	$147,971	$76,772

LIFE ASSURANCE MINISTRIES INC