KINGSPATH SENIOR MINISTRIES (EIN 814810291) - 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

MICHAEL KLATT

Phone

4147750857

Tax Period

2024-01-01 to 2024-12-31

KINGSPATH SENIOR MINISTRIES, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE RESOURCES, TRAINING, SUPPORT, HOUSING AND OTHER SERVICES TO EQUIP AND ASSIST CONGREGATIONS OF THE LUTHERAN CHURCH-MISSOURI SYNOD ("LCMS") AND THE WISCONSIN EVANGELICAL LUTHERAN SYNOD ("WELS") TO DEVELOP AND/OR REINVIGORATE DISTINCTIVELY LUTHERAN PROGRAMS TO NURTURE AND SUPPORT SENIOR MEMBERS AND REACH OUT TO UNCHURCHED SENIORS.

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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 $1,082,973

Program Service Revenue $7,560,160

Investment Income $81,589

Other Revenue $52,519

TOTAL REVENUE $8,777,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,690,449

Fundraising Expenses $0

Program Expenses $8,299,057

Other Expenses $5,382,657

TOTAL EXPENSES $9,073,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,777,241	$6,948,702	+0.3%
Expenses	$9,073,106	$8,771,822	+0.0%
Net Income	$-295,865	$-1,823,120	-0.8%

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

N/A

Volunteers

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
REV DR LARRY MYERS	SECRETARY	1.00	Officer Director	$0	$0	$0
MS SARAH GASPER	TREASURER	1.00	Officer Director	$0	$0	$0
MR MATT BUROW	MEMBER	1.00	Director	$0	$0	$0
MR MICHAEL KLATT	MEMBER	1.00	Director	$0	$0	$0
MR PHILIP C BABLER	CHAIR AND PRESIDENT	1.00	Officer 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	$8,777,241	$9,073,106	$32,978,210	$-295,865
2024	$8,777,241	$9,073,106	$32,978,210	$-295,865
2023	$6,948,702	$8,771,822	$34,723,483	$-1,823,120
2022	$3,152,445	$3,512,347	$36,713,336	$-359,902
2021	$2,962,187	$2,577,352	$8,535,470	$384,835
2020	$2,166,041	$2,554,138	$8,305,442	$-388,097
2019	$45,568	$410,803	$13,377,188	$-365,235
2018	No data	$312,582	$3,508,350	No data

KINGSPATH SENIOR MINISTRIES