TERRY LAW MINISTRIES INC (EIN 730934739) - 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

1971

Legal Domicile

Principal Officer

JASON LAW

Phone

9184922858

Tax Period

2024-01-01 to 2024-12-31

TERRY LAW MINISTRIES INC, founded in 1971, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.0M left a modest 9% surplus.

Mission

TO TAKE THE MESSAGE OF JESUS CHRIST TO NATIONS THAT ARE HOSTILE TO THE GOSPEL, EMPOWERING LOCAL BODIES OF BELIEVERS TO SUPPORT THE SPIRTUAL AND PHYSICAL TRANSFORMATION OF LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,015,430

Program Service Revenue $779

Investment Income $64,702

Other Revenue $62,393

TOTAL REVENUE $2,143,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,979

Fundraising Expenses $77,815

Program Expenses $1,751,576

Other Expenses $1,429,435

TOTAL EXPENSES $1,960,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,143,304	$2,563,156	-0.2%
Expenses	$1,960,414	$2,185,486	-0.1%
Net Income	$182,890	$377,670	-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

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

$187,750

Total Directors

$209,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON LAW	PRESIDENT	40.00	Officer Director	$68,385	$64,115	$132,500
JEFFERY GEUDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BETH LAW	SECRETARY/TR	40.00	Officer	$55,250	$0	$55,250
CHRIS HART	TRUSTEE	2.00	Director	$6,000	$30,000	$36,000
JOEL VESANEN	TRUSTEE	1.00	Director	$0	$41,148	$41,148
MARK BORROWS	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SWAGGART	TRUSTEE	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	$2,143,304	$1,960,414	$2,444,290	$182,890
2023	$2,563,156	$2,185,486	$2,335,416	$377,670
2022	$2,211,266	$3,053,092	$1,993,864	$-841,826
2021	$2,323,932	$1,639,517	$2,897,533	$684,415
2020	$1,847,872	$1,377,797	$2,281,587	$470,075
2019	$1,774,471	$1,618,326	$2,069,773	$156,145
2018	$1,877,047	$1,677,054	$2,037,257	$199,993

TERRY LAW MINISTRIES INC