THE RETIRED MINISTERS HOMES BOARD INC (EIN 721222840) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

CHARLES JIMERSON

Phone

3376255054

Tax Period

2024-01-01 to 2024-12-31

THE RETIRED MINISTERS HOMES BOARD INC, founded in 1953, is a small nonprofit in the Religion sector that reported $101K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $193K exceeded revenue, resulting in a 91% operating deficit.

Mission

PROVIDE HOMES FOR RETIRED METHODIST MINISTERS AND THEIR SPOUSES AT A REDUCED RENTAL RATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $425

Program Service Revenue $73,424

Investment Income $26,648

Other Revenue $319

TOTAL REVENUE $100,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,200

Fundraising Expenses $0

Program Expenses $175,433

Other Expenses $185,515

TOTAL EXPENSES $192,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,816	$108,784	-0.1%
Expenses	$192,715	$187,821	+0.0%
Net Income	$-91,899	$-79,037	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$7,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY NORTHERN	BOARD MEMBER	0.00	Director	$0	$0	$0
WAYNE MEECE	BOARD MEMBER	0.00	Director	$0	$0	$0
EARL CEFALU JR	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVE FORTUNA	BOARD MEMBER	0.00	Director	$0	$0	$0
W SPILLER MILTON	BOARD MEMBER	0.00	Director	$0	$0	$0
LEWIS LOVE	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVEN SPURLOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW MOORE	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY WILLIS	BOARD MEMBER	0.00	Director	$0	$0	$0
MELBA STINE	SEC/TREASURER	25.00	Officer	$7,200	$0	$7,200
CHARLES JIMERSON	PRESIDENT	0.00	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	$100,816	$192,715	$3,511,792	$-91,899
2023	$108,784	$187,821	$3,569,665	$-79,037
2022	$196,334	$132,973	$3,614,053	$63,361
2021	$92,852	$121,151	$3,677,757	$-28,299
2020	$281,792	$171,078	$3,689,651	$110,714
2019	$138,614	$127,583	$3,539,906	$11,031
2018	$92,672	$118,239	$3,493,792	$-25,567

THE RETIRED MINISTERS HOMES BOARD INC