REACH MINISTRY (EIN 832496182) - 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

2020

Legal Domicile

Principal Officer

RICH SIMMS

Phone

4254994542

Tax Period

2024-01-01 to 2024-12-31

REACH MINISTRY, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $353K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

REACH MINISTRY RUNS OUTREACH TEAMS TO PROVIDE RELIEF TO THE POOR.

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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 $352,524

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $352,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,010

Other Expenses $348,864

TOTAL EXPENSES $348,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,525	$305,864	+0.2%
Expenses	$348,864	$343,665	+0.0%
Net Income	$3,661	$-37,801	-1.1%

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

3500

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
RICHARD SIMMS	PRESIDENT	70.00	Officer Director	$0	$0	$0
JAMES WEGMEYER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KAYLEN MCALEXANDER	TREASURER	5.00	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	$352,525	$348,864	$44,744	$3,661
2023	$305,864	$343,665	$41,083	$-37,801
2022	$294,919	$299,667	$78,884	$-4,748
2021	$245,316	$175,198	$83,632	$70,118

REACH MINISTRY