COATES MINISTRIES INC (EIN 760492903) - 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

1996

Legal Domicile

Principal Officer

RANDY COATES

Phone

5158875959

Tax Period

2023-01-01 to 2023-12-31

COATES MINISTRIES INC, founded in 1996, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $172K, a strong 15% operating margin.

Mission

CHURCH MISSION, EVANGELISM, CHURCH PLANTING, DISCIPLESHIP, HUMANITARIAN RELIEF, AND DEVELOPMENT IN KENYA AND EAST AFRICA

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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 $1,110,205

Program Service Revenue $0

Investment Income $2,085

Other Revenue $0

TOTAL REVENUE $1,112,290

Expense Breakdown

Grants Paid $812,659

Salaries & Benefits $74,280

Fundraising Expenses $0

Program Expenses $812,659

Other Expenses $53,762

TOTAL EXPENSES $940,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,112,290	$1,506,098	-0.3%
Expenses	$940,701	$1,411,301	-0.3%
Net Income	$171,589	$94,797	+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

Independent Members

N/A

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

$74,280

Total Directors

$74,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY COATES	PRESIDENT	50.00	Officer Director	$74,280	$0	$74,280
BECKY COATES	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
GERALD THATCHER	TREASURER	8.00	Officer Director	$0	$0	$0
RITA THATCHER	SECRETARY	1.00	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	$1,112,290	$940,701	$501,307	$171,589
2022	$1,506,098	$1,411,301	$329,718	$94,797
2021	$1,008,167	$924,356	$234,921	$83,811
2020	$500,859	$535,611	$151,110	$-34,752

COATES MINISTRIES INC