FRANK DAMAZIO MINISTRIES

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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

2016

Principal Officer

FRANK DAMAZIO

Tax Period

2024-01-01 to 2024-12-31

FRANK DAMAZIO MINISTRIES, founded in 2016, is a small nonprofit in the Religion sector that reported $201K in total revenue in fiscal year 2024. The organization ran a surplus of $112K, a strong 56% operating margin.

Mission

PREACH THE GOSPEL OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $41,756

PROVIDE LEADERSHIP COACHING FOR LEADERS AND PASTORS THAT STRENGTHEN THEIR RELATIONSHIPS, TEAM BUILDING, VISION STRATEGIES, AND PREACHING THAT RESULTS IN BUSINESS AND THRIVING.

Program 2

Expenses: $13,211

EQUIP LEADERS AND CHURCHES WITH STRATEGIC RESOURCES FOR BUILDING BIBLICAL LOCAL CHURCHES AND MINISTRIES THAT REACH ALL PEOPLE WITH THE GOSPEL OF JESUS CHRIST.

Program 3

Expenses: $33,811

PROVIDE LEADERSHIP INTENSIVES AND SCHOOLS OF LEADERSHIP IN ALL PLACES THROUGHOUT THE WORLD TO FURTHER ADVANCE LEADERS AND PASTORS WITH KNOWLEDGE AND SKILLS.

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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 $133,317

Program Service Revenue $67,799

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $88,778

Other Expenses $58,778

TOTAL EXPENSES $88,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,116	N/A	N/A
Expenses	$88,778	N/A	N/A
Net Income	$112,338	N/A	N/A

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK DAMAZIO	DIRECTOR	20.00	Officer	$30,000	$0	$30,000
SHARON DAMAZIO	DIRECTOR + S	1.00	Director	$0	$0	$0
MIKE WHITE	DIRECTOR	0.50	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	$201,116	$88,778	$368,217	$112,338