I WITNESS MINISTRIES INC (EIN 752765173) - 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

1998

Legal Domicile

Principal Officer

LANCE SHUMAKE

Phone

9727681160

Tax Period

2024-01-01 to 2024-12-31

I WITNESS MINISTRIES INC, founded in 1998, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum.

Mission

SPEAKING ENGAGEMENTS AND MISSION TRIPS AIMED AT MINISTERING IN THE NAME OF JESUS CHRIST TO PEOPLE AT VARIOUS LOCATIONS, PRIMARILY TEXAS AND OKLAHOMA ARE WITHIN THE SCOPE OF PROGRAMS AND SPECIAL EVENTS.

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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 $394,065

Program Service Revenue $1,836,931

Investment Income $3,954

Other Revenue $3,529

TOTAL REVENUE $2,238,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,555

Fundraising Expenses $0

Program Expenses $1,612,795

Other Expenses $1,797,457

TOTAL EXPENSES $2,208,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,238,479	$1,263,963	+0.8%
Expenses	$2,208,012	$1,364,491	+0.6%
Net Income	$30,467	$-100,528	-1.3%

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

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

$254,995

Total Directors

$167,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE SHUMAKE	PRESIDENT	040.00	Officer Director	$135,978	$31,250	$167,228
BRAD CARDWELL	VICE PRESIDENT	040.00	Officer	$45,067	$42,700	$87,767
BRAD SHISLER	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW KEISER	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM HICKS	DIRECTOR	N/A	Director	$0	$0	$0
BREANN FIERRO	DIRECTOR	N/A	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	$2,238,479	$2,208,012	$350,753	$30,467
2023	$1,263,963	$1,364,491	$320,286	$-100,528
2022	$1,098,438	$906,239	$420,814	$192,199
2021	$324,186	$374,257	$228,615	$-50,071
2020	$402,960	$386,752	$280,972	$16,208
2019	$449,372	$321,204	$265,747	$128,168
2018	$295,778	$317,846	$134,417	$-22,068

I WITNESS MINISTRIES INC