TURNAROUND MINISTRIES INC (EIN 760742003) - 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

2003

Principal Officer

CHERYL ANDERSON

Phone

4042103684

Tax Period

2023-09-01 to 2024-08-31

TURNAROUND MINISTRIES INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $197K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $220K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION EXISTS TO HEAL, RECONCILE AND INTRODUCE STRUGGLING, TROUBLED, AT-RISK CHILDREN AND FAMILIES TO A HEALTHY RELATIONSHIP WITH GOD, FAMILY AND OTHERS. THIS IS ACCOMPLISHED IN A FAMILY ENVIRONMENT OF NURTURING RELATIONSHIPS THROUGH A HOLISTIC APPROACH ADDRESSING THE CHILDREN'S SPIRITUAL, PHYSICAL, NUTRITIONAL, ACADEMIC AN PSYCHOLOGICAL HEALTH.

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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 $196,572

Program Service Revenue $0

Investment Income $0

Other Revenue $25

TOTAL REVENUE $196,597

Expense Breakdown

Grants Paid $350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,021

Other Expenses $220,105

TOTAL EXPENSES $220,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,597	$286,784	-0.3%
Expenses	$220,455	$301,007	-0.3%
Net Income	$-23,858	$-14,223	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL ANDERSON	EXECUTIVE DR	40.00	Officer Director	$0	$0	$0
CHRISTI VIEIRA	TREASURER	40.00	Officer Director	$0	$0	$0
MEAGAN JONES	SECRETARY	40.00	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	$196,597	$220,455	$875,725	$-23,858
2023	$286,784	$301,007	$899,613	$-14,223
2022	$321,887	$293,451	$913,806	$28,436
2021	$201,849	$200,405	$890,327	$1,444
2020	$219,103	$216,760	$886,096	$2,343
2019	$189,880	$148,334	$882,798	$41,546
2018	$193,476	$167,120	$840,037	$26,356

TURNAROUND MINISTRIES INC