STRAIGHT STREET MINISTRIES INC

EIN: 752051641 501(c)(3)

Midlothian, TX

Total Revenue
$217,895
Total Expenses
$197,066
Total Assets
$65,258
Net Assets
$65,258
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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
1983
Legal Domicile
TX
Principal Officer
Mary Sorenson
Phone
2147967693
Tax Period
2022-01-01 to 2022-12-31

STRAIGHT STREET MINISTRIES INC, founded in 1983, is a small nonprofit that reported $218K in total revenue in fiscal year 2022. Revenue surged 399% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 10% surplus.

Mission

The mission of straight Street is to disciple through a daily walk committed to Jesus Christ as savior and Lord, those who have struggled with addictions, incarceration, or homelessness.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $187,456
Program Service Revenue $30,439
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,500
Fundraising Expenses $0
Program Expenses $197,066
Other Expenses $165,566
TOTAL EXPENSES $197,066

Year-over-Year Comparison

2022 2021 Change
Revenue $217,895 $43,624 +4.0%
Expenses $197,066 $43,417 +3.5%
Net Income $20,829 $207 +99.6%
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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
1
$0
Key Employees
1
$31,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ed Mullin Home Director 40
Key Emp
$31,500 $0 $31,500
Mary Sorenson Pastor 25
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
2022 $217,895 $197,066 $65,258 $20,829
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