ECHO MINISTRIES INC (EIN 731690438) - 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

2003

Legal Domicile

Principal Officer

MATTHEW BEST

Phone

6122170151

Tax Period

2024-01-01 to 2024-12-31

ECHO MINISTRIES INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

ECHO MINISTRIES IS A NON-PROFIT CHRISTIAN ORGANIZATION, WHO PURPOSE IS TO BRING PEOPLE CLOSER TO JESUS THROUGH CONCERTS AND EVENTS IN CHURCHES AND COMMUNITIES NATIONWIDE.

🔒

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 $4,209

Program Service Revenue $2,453,786

Investment Income $19,967

Other Revenue $0

TOTAL REVENUE $2,477,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,739

Fundraising Expenses $3,518

Program Expenses $2,379,775

Other Expenses $2,237,260

TOTAL EXPENSES $2,512,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,477,962	$1,727,736	+0.4%
Expenses	$2,512,999	$1,846,388	+0.4%
Net Income	$-35,037	$-118,652	-0.7%

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

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

$136,717

Total Directors

$136,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BEST	EXECUTIVE DIRECTOR	40.00	Officer Director	$136,717	$0	$136,717
ANDREW VICK	TREASURER	5.00	Director	$0	$0	$0
ANDY JOLIVETTE	PRESIDENT	2.00	Director	$0	$0	$0
TERRY FASCHING	SECRETARY	2.00	Director	$0	$0	$0
TODD MULLIKEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARA AMIOT	BOARD MEMBER	2.00	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	$2,477,962	$2,566,506	$852,157	$-88,544
2024	$2,477,962	$2,512,999	$852,157	$-35,037
2023	$1,727,736	$1,846,388	$955,961	$-118,652
2022	$555,295	$480,583	$1,019,101	$74,712
2021	$1,341,066	$677,237	$978,838	$663,829
2020	$874,315	$1,158,021	$194,517	$-283,706
2019	$1,249,097	$1,390,292	$404,329	$-141,195
2018	$1,955,097	$1,893,939	$362,248	$61,158

ECHO MINISTRIES INC