SOULWELL MINISTRIES (EIN 821202598) - 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

2018

Legal Domicile

Phone

3465871284

Tax Period

2024-01-01 to 2024-12-31

SOULWELL MINISTRIES, founded in 2018, is a small nonprofit in the Religion sector that reported $322K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 9% surplus.

Mission

THE CHARITABLE PURPOSE OR PURPOSES OF THE MINISTRY SHALL BE TO DISSEMINATE RELIGIOUS TEACHINGS RELATING TO CHRISTIAN SPIRITUAL DEVELOPMENT AND FORMATION THROUGH PUBLIC SPEAKING ENGAGEMENTS, SEMINARS, WORKSHOPS, AND CLASSES AS WELL AS THE DISTRIBUTION OF WRITTEN AND ELECTRONIC MEDIA CONCERNING THE SAME.

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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 $248,474

Program Service Revenue $76,935

Investment Income $2,596

Other Revenue $-6,159

TOTAL REVENUE $321,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,068

Other Expenses $291,542

TOTAL EXPENSES $291,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,846	$236,768	+0.4%
Expenses	$291,542	$314,534	-0.1%
Net Income	$30,304	$-77,766	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS NOONEY	DIRECTOR	1.00	Director	$0	$0	$0
AMY LIPPINCOTT	DIRECTOR	1.00	Director	$0	$0	$0
KIRBY FORTENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCCOWN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BURNETT	PRESIDENT	60.00	Officer Director	$0	$0	$0
DEBBIE D'AMBROSIO	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE LEONARD	SECRETARY	15.00	Officer Director	$0	$0	$0
LINDA MADEKSHO	ADMIN. VP & TREASURER	25.00	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	$321,846	$291,542	$232,112	$30,304
2023	$236,768	$314,534	$168,770	$-77,766
2022	$249,789	$186,959	$211,291	$62,830
2021	$244,870	$195,139	$148,461	$49,731

SOULWELL MINISTRIES