EVANGELICAL DEVELOPMENT MINISTRY INC (EIN 752216546) - 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

1989

Legal Domicile

Principal Officer

H ANDREW READ

Phone

9406123364

Tax Period

2023-01-01 to 2023-12-31

EVANGELICAL DEVELOPMENT MINISTRY INC, founded in 1989, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.6M left a modest 5% surplus.

Mission

THE ORGANIZATION PROMOTES THE GOSPEL MESSAGE OF JESUS CHRIST THROUGH EVANGELISTIC AND MISSIONARY ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,123,949

Program Service Revenue $223,461

Investment Income $27,745

Other Revenue $393,394

TOTAL REVENUE $2,768,549

Expense Breakdown

Grants Paid $348,796

Salaries & Benefits $207,208

Fundraising Expenses $1,888

Program Expenses $2,580,390

Other Expenses $2,074,569

TOTAL EXPENSES $2,630,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,768,549	$3,250,271	-0.1%
Expenses	$2,630,573	$2,629,478	+0.0%
Net Income	$137,976	$620,793	-0.8%

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

239

Independent Members

219

Employees

Volunteers

1300

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

$76,596

Total Directors

$76,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H ANDREW READ	PRESIDENT/DIRECTOR	60.00	Officer Director	$3,500	$0	$3,500
JAMES MCKINNEY	TREASURER	1.00	Officer Director	$0	$0	$0
DENE ALLRED	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HOLMES M BRYAN JR	SECRETARY	60.00	Officer Director	$73,096	$0	$73,096
RICK WAGGONER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KING	DIRECTOR	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
2023	$2,768,549	$2,630,573	$4,075,330	$137,976
2022	$3,250,271	$2,629,478	$3,950,838	$620,793
2021	$2,246,254	$2,375,885	$2,951,240	$-129,631
2020	$3,092,275	$2,680,603	$3,187,736	$411,672
2019	$3,727,462	$3,705,569	$3,013,518	$21,893
2018	$3,081,690	$3,178,435	$3,085,613	$-96,745

EVANGELICAL DEVELOPMENT MINISTRY INC