Sea of Hope Ministries (EIN 824329917) - 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

2019

Legal Domicile

Principal Officer

Darrell Beckum

Phone

6825549184

Tax Period

2025-01-01 to 2025-12-31

Sea of Hope Ministries, founded in 2019, is a small nonprofit in the Religion sector that reported $344K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 35% operating margin.

Mission

To present the Gospel of Jesus Christ.

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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 (2025)

Revenue Breakdown

Contributions & Grants $344,481

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,481

Expense Breakdown

Grants Paid $111,598

Salaries & Benefits $67,819

Fundraising Expenses $6,782

Program Expenses $176,341

Other Expenses $44,210

TOTAL EXPENSES $223,627

Year-over-Year Comparison

	2025	2024	Change
Revenue	$344,481	$245,090	+0.4%
Expenses	$223,627	$195,558	+0.1%
Net Income	$120,854	$49,532	+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

N/A

Employees

Volunteers

250

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

$63,000

Total Directors

$63,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darrell Beckum	President	40.00	Officer Director	$54,000	$0	$54,000
Kimberly Beckum	Secretary/Treasurer	40.00	Officer Director	$9,000	$0	$9,000
Heidi Wilson	Board Director	10.00	Officer	$0	$0	$0
Erik Wilson	Board Director	10.00	Officer	$0	$0	$0
Jon Willis	Board Director	10.00	Officer	$0	$0	$0
Teresa Willis	Board Director	10.00	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
2025	$344,481	$223,627	$270,243	$120,854
2024	$245,090	$195,558	$148,630	$49,532
2022	$207,510	$184,574	$113,948	$22,936

Sea of Hope Ministries