Victory Christian Ministries of Bradento

EIN: 814881162 501(c)(3) Human Services

Bradenton, FL

Total Revenue
$161,366
Total Expenses
$119,033
Total Assets
$2,187,782
Net Assets
$834,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
Mary Owens
Phone
9412248350
Tax Period
2024-01-01 to 2024-12-31

Victory Christian Ministries of Bradento, founded in 2016, is a small nonprofit in the Human Services sector that reported $161K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 26% operating margin.

Mission

The organization's mission is to share the goodness of God and encourage others to reach those less fortunate with support.

Program Service Accomplishments

Program 1
Expenses: $85,330

In 2024, the organization ministered to people, helped feed the hungry, helped an orphanage, visited the sick and provided prayer for those.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,641
Program Service Revenue $0
Investment Income $141,119
Other Revenue $4,606
TOTAL REVENUE $161,366

Expense Breakdown

Grants Paid $34,346
Salaries & Benefits $43,858
Fundraising Expenses $438
Program Expenses $85,330
Other Expenses $40,829
TOTAL EXPENSES $119,033

Year-over-Year Comparison

2024 2023 Change
Revenue $161,366 $82,839 +0.9%
Expenses $119,033 $164,455 -0.3%
Net Income $42,333 $-81,616 -1.5%
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

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Governance

Voting Members
7
Independent Members
6
Employees
1
Volunteers
4

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
3
$131,087
Total Directors
9
$131,087
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Owens President 28.00
Officer Director
$51,087 $80,000 $131,087
Diane Nason Secretary 0.00
Officer Director
$0 $0 $0
Pastor Clarence Wright Director 0.00
Director
$0 $0 $0
Pastor Marion Zirkle Wright Director 0.00
Director
$0 $0 $0
Pastor Paula Gibson Director 0.00
Director
$0 $0 $0
Dr Fred Hodge Director 0.00
Director
$0 $0 $0
Dr Linda Hodge Director 0.00
Director
$0 $0 $0
David Polimeni Director 0.00
Director
$0 $0 $0
David Polimeni Director 0.00
Director
$0 $0 $0
Jared Hodge Vice President 0.00
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
2024 $161,366 $119,033 $2,187,782 $42,333
2023 $82,839 $164,455 $2,159,036 $-81,616
2021 $79,802 $274,778 $2,878,266 $-194,976
2020 $13,672 $169,464 $2,992,635 $-155,792
2019 $974,500 $89,783 $2,814,104 $884,717
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