Walking Faith Ministry Inc (EIN 760451313) - 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

1994

Legal Domicile

Principal Officer

Scott Binkly

Phone

7136670442

Tax Period

2023-01-01 to 2023-12-31

Walking Faith Ministry Inc, founded in 1994, is a small nonprofit in the Religion sector that reported $425K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Low income and indigent children's activity center.

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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 $424,580

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $424,583

Expense Breakdown

Grants Paid $169,111

Salaries & Benefits $57,886

Fundraising Expenses $20,224

Program Expenses $371,094

Other Expenses $209,489

TOTAL EXPENSES $436,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,583	$373,961	+0.1%
Expenses	$436,486	$413,422	+0.1%
Net Income	$-11,903	$-39,461	-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

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

$20,204

Total Directors

$20,204

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Binkly	President	40.00	Officer Director	$12,584	$0	$12,584
Gilda Duncan	Secretary	40.00	Officer Director	$7,620	$0	$7,620
James Duncan	Treasurer	10.00	Officer Director	$0	$0	$0
Jack Parks	CFO	5.00	Officer 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	No data	No data	No data	No data
2023	$424,583	$436,486	$85,644	$-11,903
2022	$373,961	$413,422	$97,766	$-39,461
2021	$384,330	$353,509	$137,124	$30,821
2020	$334,251	$312,485	$120,373	$21,766
2019	$380,517	$353,770	$89,132	$26,747
2018	$369,198	$355,715	$66,150	$13,483

Walking Faith Ministry Inc