MAY I PRAY FOR YOU MINISTRY (EIN 823969239) - 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

STAN HARMON

Phone

8035075618

Tax Period

2024-01-01 to 2024-12-31

MAY I PRAY FOR YOU MINISTRY, founded in 2017, is a small nonprofit in the Religion sector that reported $198K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 70% operating deficit.

Mission

PROVIDE FOR THE SPIRITUAL AND PHYSICAL NEEDS OF THOSE HURTING IN THE COMMUNITY.

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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 $198,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $198,050

Expense Breakdown

Grants Paid $145,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,173

Other Expenses $191,543

TOTAL EXPENSES $337,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,050	$607,194	-0.7%
Expenses	$337,443	$601,610	-0.4%
Net Income	$-139,393	$5,584	-26.0%

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

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
THOMAS GOFORTH	TREASURER	10.00	Officer Director	$0	$0	$0
RAY MASSEY	SECRETARY	10.00	Officer Director	$0	$0	$0
STAN HARMON	PRESIDENT	10.00	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	$198,050	$337,443	$90	$-139,393
2023	$607,194	$601,610	$139,483	$5,584
2022	$288,848	$215,720	$133,899	$73,128
2021	$488,199	$517,439	$60,771	$-29,240
2020	$444,078	$435,314	$90,011	$8,764
2019	$516,192	$500,587	$81,247	$15,605
2019	$516,192	$500,587	$81,247	$15,605

MAY I PRAY FOR YOU MINISTRY