WHITE HORSE MINISTRIES INC (EIN 812483973) - 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

2016

Legal Domicile

Principal Officer

STEVE WOHLBERG

Tax Period

2023-10-01 to 2023-12-31

WHITE HORSE MINISTRIES INC, founded in 2016, is a small nonprofit in the Religion sector that reported $275K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $239K left a modest 13% surplus.

Mission

USE ELECTRONIC OR PRINT MEDIA AND TEACH SEMINARS AND CONDUCT TRAINING EVENTS TO EQUIP PEOPLE WITH THE KNOWLEDGE OF SALVATION FOUND ONLY IN JESUS CHRIST

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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 $226,337

Program Service Revenue $26,489

Investment Income $2,348

Other Revenue $20,087

TOTAL REVENUE $275,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,719

Fundraising Expenses $0

Program Expenses $10,098

Other Expenses $99,463

TOTAL EXPENSES $239,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,261	$699,966	-0.6%
Expenses	$239,182	$849,476	-0.7%
Net Income	$36,079	$-149,510	-1.2%

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

$31,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WOHLBERG	PRESIDENT	40	Officer	$13,921	$0	$13,921
D HENDRICKSON	TREASURER	1	Officer	$1,250	$0	$1,250
PHIL MILLS	DIRECTOR	1	Director	$0	$0	$0
JAY GALLIMORE	DIRECTOR	1	Director	$0	$0	$0
RODNEY BRYANT	DIRECTOR	1	Director	$0	$0	$0
G EDWARD REID	DIRECTOR	1	Director	$0	$0	$0
ANNE SAVINSKY	DIRECTOR	1	Director	$0	$0	$0
PAUL SELCHOW	SECRETARY	40	Officer	$16,375	$0	$16,375
TIMOTHY SAXTON	DIRECTOR	1	Director	$0	$0	$0
NORMAN REITZ	DIRECTOR	1	Director	$0	$0	$0
TERRY MOORLAND	DIRECTOR	1	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	$699,966	$849,476	$666,804	$-149,510
2023	$275,261	$239,182	$735,935	$36,079
2022	$1,064,616	$795,403	$801,526	$269,213
2021	$1,062,896	$917,531	$534,170	$145,365
2020	$708,305	$684,843	$415,869	$23,462
2019	$590,235	$569,592	$348,041	$20,643
2018	$626,957	$704,338	$348,735	$-77,381

WHITE HORSE MINISTRIES INC