David E Boone Sr Ministries Inc (EIN 821296445) - 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

David E Boone Sr

Phone

8703307898

Tax Period

2023-07-01 to 2024-06-30

David E Boone Sr Ministries Inc, founded in 2017, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

A non-profit organization providing transportation, socialization, congregate and/or home delivered meals to senior citizens.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,603,500

Program Service Revenue $73,993

Investment Income $5,912

Other Revenue $3,818

TOTAL REVENUE $1,687,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $871,612

Fundraising Expenses $0

Program Expenses $1,587,229

Other Expenses $928,259

TOTAL EXPENSES $1,799,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,687,223	$2,208,286	-0.2%
Expenses	$1,799,871	$1,965,051	-0.1%
Net Income	$-112,648	$243,235	-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

Governance

Voting Members

Independent Members

Employees

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

$102,173

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yvonne Boone	Secretary	40.00	Director	$54,923	$0	$54,923
Natalie Boone	Vice President	40.00	Director	$47,250	$0	$47,250
David Boone Jr	President	1.00	Director	$0	$0	$0
Arielle Brown	Treasurer	1.00	Director	$0	$0	$0
Lawrence Brown Jr	Director	1.00	Director	$0	$0	$0
David E Boone Sr	Director	10.00	Officer Director	$0	$0	$0
James Raker DC	Director	1.00	Director	$0	$0	$0
Alan Hughes	Director	1.00	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
2025	No data	No data	No data	No data
2024	$1,687,223	$1,799,871	$1,327,225	$-112,648
2023	$2,208,286	$1,965,051	$993,044	$243,235
2022	$1,857,731	$1,743,162	$551,637	$114,569
2021	$1,361,361	$1,158,080	$437,068	$203,281
2020	$1,093,256	$928,059	$233,787	$165,197
2019	$585,138	$537,230	$64,879	$47,908

David E Boone Sr Ministries Inc