SPIRIT OF BOLDNESS MINISTRIES INC (EIN 832528722) - 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

Principal Officer

STEVE TAYLOR

Phone

8067776213

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF BOLDNESS MINISTRIES INC, founded in 2018, is a small nonprofit in the Religion sector that reported $548K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $488K left a modest 11% surplus.

Mission

To preach and teach the Gospel of Jesus Christ to those who are oppressed.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,030

Program Service Revenue $522,526

Investment Income $343

Other Revenue $0

TOTAL REVENUE $547,899

Expense Breakdown

Grants Paid $30,420

Salaries & Benefits $228,326

Fundraising Expenses $0

Program Expenses $477,420

Other Expenses $228,998

TOTAL EXPENSES $487,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,899	$495,619	+0.1%
Expenses	$487,744	$522,103	-0.1%
Net Income	$60,155	$-26,484	-3.3%

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

$98,800

Total Directors

$98,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Taylor	Presdient, Treasurer	040.00	Officer Director	$98,800	$0	$98,800
Steve Canup	Vice President	008.00	Officer Director	$0	$0	$0
Mark Stripling	Director	005.00	Director	$0	$0	$0
Albert Gutierrez	Director	001.00	Director	$0	$0	$0
Gary Delay	Director	001.00	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	No data	No data	No data	No data
2023	$547,899	$487,744	$1,360,219	$60,155
2022	$495,619	$522,103	$1,300,064	$-26,484
2021	$1,571,016	$247,115	$1,326,548	$1,323,901

SPIRIT OF BOLDNESS MINISTRIES INC