IGNITE MINISTRIES INC

EIN: 825260569 501(c)(3) Religion

OCALA, FL

Total Revenue
$272,130
Total Expenses
$251,536
Total Assets
$50,819
Net Assets
$50,819
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
FL
Principal Officer
JOSHUA LUIS SARMIENTO
Phone
4234329221
Tax Period
2023-01-01 to 2023-12-31

IGNITE MINISTRIES INC, founded in 2018, is a small nonprofit in the Religion sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 320% from the prior year, signaling strong growth momentum. Expenses of $252K left a modest 8% surplus.

Mission

MINISTRY RESOURCES FOR THE COMMUNITY, BUSINESS SUPPORTY AND LIFE COACHING SERVICES; PROVIDED FOOD AND SOCIAL SKILLS TO THE COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $272,125
Program Service Revenue $0
Investment Income $5
Other Revenue $0
TOTAL REVENUE $272,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,571
Other Expenses $251,536
TOTAL EXPENSES $251,536

Year-over-Year Comparison

2023 2022 Change
Revenue $272,130 $64,849 +3.2%
Expenses $251,536 $59,981 +3.2%
Net Income $20,594 $4,868 +3.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA LUIS SARMIENTO CEO 15
$0 $0 $0
BOBBI SARMIENTO VP 15
$0 $0 $0
PAM HEATHERLY TREASURER 10
$0 $0 $0
JOY WONDERS SECRETARTY 10
$0 $0 $0
MIKE JOINER DIRECTOR 10
$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 $272,130 $251,536 $50,819 $20,594
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare IGNITE MINISTRIES INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.