SHARITY MINISTRIES INC (EIN 831050344) - 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

4044001852

Tax Period

2020-01-01 to 2020-12-31

SHARITY MINISTRIES INC, founded in 2018, is a major nonprofit that reported $129.0M in total revenue in fiscal year 2020. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THROUGH GOD'S GUIDANCE, BRING TOGETHER PEOPLE OF A COMMON SET OF RELIGIOUS BELIEFS FOR THE PURPOSE OF VOLUNTARILY SHARING ONE ANOTHER'S MEDICAL EXPENSE BURDENS AND SO FULFILL THE LAW OF 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $129,043,524

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,043,524

Expense Breakdown

Grants Paid $181,002

Salaries & Benefits $317,835

Fundraising Expenses $0

Program Expenses $125,534,189

Other Expenses $83,168,259

TOTAL EXPENSES $129,986,451

Year-over-Year Comparison

	2020	2019	Change
Revenue	$129,043,524	$92,461,259	+0.4%
Expenses	$129,986,451	$93,372,976	+0.4%
Net Income	$-942,927	$-911,717	+0.0%

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

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

$360,346

Total Directors

$360,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A JOSEPH GUARINO III	PRESIDENT D	40.00	Officer Director	$166,154	$0	$166,154
WILLIAM H THEAD III	CEO	40.00	Officer Director	$140,192	$0	$140,192
JOSEPH J HANDY	TREASUER DIR	2.00	Officer Director	$18,000	$0	$18,000
J CHRISTOPHER SIZEMORE	CHAIRMAN DIR	2.00	Officer Director	$18,000	$0	$18,000
STEPHEN W VAULT	SECRETARY DI	2.00	Officer Director	$18,000	$0	$18,000
N/A	MANAGING DIR	1.00		$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
2020	$129,043,524	$129,986,451	$1,395,232	$-942,927
2019	$92,461,259	$93,372,976	$3,162,124	$-911,717
2018	$8,231,106	$9,078,436	$7,690,460	$-847,330

SHARITY MINISTRIES INC