KEN SOLTYS MINISTRIES INC (EIN 743042515) - 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

2002

Legal Domicile

Phone

8283894365

Tax Period

2024-01-01 to 2024-12-31

KEN SOLTYS MINISTRIES INC, founded in 2002, is a micro nonprofit in the Religion sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS SPREADING THE WORD OF THE GOSPEL OF JESUS CHRIST THROUGH PREACHING, TEACHING, CONSULTING AND MUSIC MINISTRY AT CHURCH MEETINGS, SEMINARS, RADIO AND TELEVISION BROADCASTS; AND THE ESTABLISHMENT OF LITERATURE, AND OTHER FORMS OF MASS MEDIA FOR THE PURPOSE OF EDUCATING AND MINISTERING TO THE INDIVIDUAL THROUGH THE WORD OF GOD.

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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 $8,353

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,050

Fundraising Expenses $0

Program Expenses $9,840

Other Expenses $1,790

TOTAL EXPENSES $9,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,353	$17,203	-0.5%
Expenses	$9,840	$15,209	-0.4%
Net Income	$-1,487	$1,994	-1.7%

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

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

$8,050

Total Directors

$8,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH SOLTYS	President	40.00	Officer Director	$8,050	$0	$8,050

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	$8,353	$9,840	$507	$-1,487
2023	$17,203	$15,209	$1,994	$1,994
2022	$10,002	$12,016	No data	$-2,014
2021	$21,058	$24,365	$2,014	$-3,307
2020	$16,394	$22,147	$5,321	$-5,753
2019	$23,605	$15,060	$11,074	$8,545
2018	$19,153	$18,154	$2,529	$999

KEN SOLTYS MINISTRIES INC