LE RUCHER MERCY MINISTRIES

EIN: 820575068 501(c)(3) Religion

BELLINGHAM, WA

Total Revenue
$42,380
Total Expenses
$130,232
Total Assets
$68,843
Net Assets
$57,893
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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
2002
Legal Domicile
WA
Principal Officer
APRIL WALDMAN
Tax Period
2023-01-01 to 2023-12-31

LE RUCHER MERCY MINISTRIES, founded in 2002, is a micro nonprofit in the Religion sector that reported $42K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 207% operating deficit.

Mission

PROVIDE GRANTS TO SUPPORT CHRISTIAN MINISTRIES ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $134,165
Program Service Revenue $0
Investment Income $-91,785
Other Revenue $0
TOTAL REVENUE $42,380

Expense Breakdown

Grants Paid $36,520
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,842
Other Expenses $93,712
TOTAL EXPENSES $130,232

Year-over-Year Comparison

2023 2022 Change
Revenue $42,380 $164,846 -0.7%
Expenses $130,232 $135,088 0.0%
Net Income $-87,852 $29,758 -4.0%
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
3
Independent Members
2
Employees
N/A
Volunteers
3

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
$30,721
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE SCHUDEL SECRETARY 1.00
Officer
$30,721 $0 $30,721
ERICK WALDMAN PRESIDENT 1.00
Officer
$0 $0 $0
APRIL WALDMAN TREASURER 1.00
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 No data No data No data No data
2023 $42,380 $130,232 $68,843 $-87,852
2022 $164,846 $135,088 $173,686 $29,758
2021 $151,206 $142,453 $141,877 $8,753
2020 $257,613 $138,946 $118,667 $118,667
2019 $273,151 $278,391 $6,558 $-5,240
2018 $397,500 $397,153 $2,298 $347
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