MASTERPIECE INITIATIVE INC (EIN 815077906) - 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

2017

Legal Domicile

Principal Officer

WILLIAM BLOODWORTH

Phone

7705986897

Tax Period

2024-01-01 to 2024-12-31

MASTERPIECE INITIATIVE INC, founded in 2017, is a small nonprofit in the Religion sector that reported $190K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $255K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE CHRISTIAN MINISTRY TO YOUTHS AND ADULTS THROUGH DAILY AND WEEKLY CAMPS.

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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 $87,500

Program Service Revenue $77,660

Investment Income $5

Other Revenue $25,199

TOTAL REVENUE $190,364

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,971

Other Expenses $205,305

TOTAL EXPENSES $255,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,364	$113,881	+0.7%
Expenses	$255,305	$209,335	+0.2%
Net Income	$-64,941	$-95,454	-0.3%

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

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

$150,000

Total Directors

$202,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BLOODWORTH	EXECUTIVE DI	N/A	Officer Director	$0	$0	$90,000
CYNTHIA L BLOODWORTH	SECRETARY/TR	N/A	Officer Director	$0	$0	$60,000
JOSHUA CARTER	ASSISTANT DI	N/A	Director	$0	$0	$52,000
DR DEBRA CHAMBERS	COUNSELOR DI	N/A	Director	$0	$0	$0
PAM JENKINS	CURRICULUM D	N/A	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	$190,364	$255,305	$3,295,949	$-64,941
2023	$113,881	$209,335	$3,435,365	$-95,454
2022	$173,734	$638,862	$3,614,993	$-465,128
2021	$3,737,606	$111,982	$4,124,530	$3,625,624

MASTERPIECE INITIATIVE INC