MIRACLE VALLEY MINISTRIES INC

EIN: 812001086 501(c)(3) Religion

Montgomery Village, MD

Total Revenue
$14,600
Total Expenses
$8,674
Total Assets
$8,569
Net Assets
$8,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MD
Principal Officer
OLUWASOLA FABUNMI PASTOR
Tax Period
2019-01-01 to 2019-12-31

MIRACLE VALLEY MINISTRIES INC, founded in 2016, is a micro nonprofit in the Religion sector that reported $15K in total revenue in fiscal year 2019. The organization ran a surplus of $6K, a strong 41% operating margin.

Mission

Miracle Valley Ministries is the prayer ministry of Pastor Sola Fabunmi, the senior pastor of City of Faith Church, Gaithersburg, Maryland. A man with the ministries of prayer and healing, his calling and passion for prayer led to the birth of Miracle Valley Prayer Retreat.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $14,600
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,674
Other Expenses $8,674
TOTAL EXPENSES $8,674

Year-over-Year Comparison

2019 2018 Change
Revenue $14,600 N/A N/A
Expenses $8,674 N/A N/A
Net Income $5,926 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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OLUWASOLA FABUNMI PRESIDENT 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
2019 $14,600 $8,674 $8,569 $5,926
2018 $11,400 $9,643 $2,643 $1,757
2017 $18,335 $17,543 $886 $792
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