Petra International Ministries Inc (EIN 814121152) - 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

Jared Cox

Phone

4065997665

Tax Period

2023-01-01 to 2023-12-31

Petra International Ministries Inc, founded in 2016, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $254K, a strong 24% operating margin.

Mission

TEACH, TRAIN, FACILITATE AND HELP MULTIPLE U.S. CHURCHES IN THEIR MISSIONS MINISTRIES AND HELP ORGANIZE THEIR SHORT TERM TEAM MISSION TRIPS TO NICARAGUA AND COLOMBIA.

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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 $1,055,632

Program Service Revenue $0

Investment Income $7,040

Other Revenue $0

TOTAL REVENUE $1,062,672

Expense Breakdown

Grants Paid $187,689

Salaries & Benefits $156,841

Fundraising Expenses $0

Program Expenses $727,995

Other Expenses $463,961

TOTAL EXPENSES $808,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,062,672	$743,794	+0.4%
Expenses	$808,491	$689,869	+0.2%
Net Income	$254,181	$53,925	+3.7%

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

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

$118,610

Total Directors

$118,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jared Cox	Executive Dir.	40.00	Officer Director	$84,054	$34,556	$118,610
Milton Whitaker	President	0.50	Director	$0	$0	$0
Mark Breyer	Treasurer	0.50	Director	$0	$0	$0
Jacob Vincent	Secretary	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	No data	No data	No data	No data
2023	$1,062,672	$808,491	$550,055	$254,181
2022	$743,794	$689,869	$256,320	$53,925
2021	$621,766	$508,768	$171,964	$112,998
2020	$443,697	$431,045	$54,914	$12,652
2019	$355,231	$368,892	$42,263	$-13,661
2018	$322,955	$318,974	$55,923	$3,981

Petra International Ministries Inc