TIMBERLAKE MINISTRIES INC (EIN 753071997) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

JEREMY BURNS

Tax Period

2023-01-01 to 2023-12-31

TIMBERLAKE MINISTRIES INC, founded in 2002, is a small nonprofit in the Religion sector that reported $550K in total revenue in fiscal year 2018. Expenses of $735K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO DEVELOP AND OPERATE A RELIGIOUS RETREAT FACILITY THAT IS AVAILABLE FOR RENTAL BY VARIOUS ORGANIZATIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $120,401

Program Service Revenue $539,167

Investment Income $0

Other Revenue $361

TOTAL REVENUE $659,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,987

Fundraising Expenses $0

Program Expenses $538,422

Other Expenses $393,053

TOTAL EXPENSES $622,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$659,929	$601,341	+0.1%
Expenses	$622,040	$492,675	+0.3%
Net Income	$37,889	$108,666	-0.7%

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

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

$51,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN BURNS	SECRETARY	40.00	Officer	$50,000	$1,500	$51,500
CAROL FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
RICKY MAYERS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GODWIN	DIRECTOR	1.00	Director	$0	$0	$0
PAT SPAINHOUR	DIRECTOR	1.00	Director	$0	$0	$0
BILL WEST	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY BURNS	PRESIDENT AND CEO	20.00	Officer	$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	No data	No data	No data	No data
2023	$659,929	$622,040	$1,521,956	$37,889
2022	$601,341	$492,675	$1,602,669	$108,666
2021	$554,116	$345,731	$1,279,869	$208,385
2020	$245,983	$335,258	$1,293,649	$-89,275
2019	$547,193	$620,243	$1,292,813	$-73,050
2018	$550,329	$734,566	$1,366,536	$-184,237

TIMBERLAKE MINISTRIES INC