GHANA MINISTRIES INC (EIN 814029629) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

CHERLY A BUNCH

Phone

2057921103

Tax Period

2023-01-01 to 2023-12-31

GHANA MINISTRIES INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $351K in total revenue in fiscal year 2021. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 19% operating margin.

Mission

PROVIDE MONETARY AND MATERIAL GOODS AID TO UNDERPRIVILEGED PERSONS IN THE REPUBLIC OF GHANA - PARTICULARLY CHILDREN'S ORPHANAGES.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $591,906

Program Service Revenue $0

Investment Income $487

Other Revenue $0

TOTAL REVENUE $592,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,650

Fundraising Expenses $0

Program Expenses $523,419

Other Expenses $526,721

TOTAL EXPENSES $544,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,393	$626,806	-0.1%
Expenses	$544,371	$689,506	-0.2%
Net Income	$48,022	$-62,700	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

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
CHERLY A BUNCH	EXECUTIVE DI	30.00	Director	$0	$0	$0
BECKY NOWAK	DIRECTOR OF	5.00	Director	$0	$0	$0
JIM DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
DREW JOURDAN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID JOURDAN	DIRECTOR	5.00	Director	$0	$0	$0
DR ELIJAH ASAMOAH	DIRECTOR	5.00	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	$592,393	$544,371	$67,169	$48,022
2022	$626,806	$689,506	$19,147	$-62,700
2021	$350,574	$284,741	$81,847	$65,833

GHANA MINISTRIES INC