PERMANECER MINISTRIES INC

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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

Phone

9168712119

Tax Period

2024-01-01 to 2024-12-31

PERMANECER MINISTRIES INC, founded in 2019, is a small nonprofit in the Religion sector that reported $357K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

A RELIGIOUS CORPORATION ORGANIZED WITH THE SPECIFIC PURPOSE OF SUPPORTING CHRISTIAN MISSIONS AND MINISTRIES

Program Service Accomplishments

Program 1

Expenses: $237,657

MERCY MINISTRY SUPPORT - PROVIDED FOR THE FOOD AND CARE OF OVER 70 ELDERLY PERSONS THROUGH THE MINISTRIES AT CASA DEL ABUELO AND PROJECT JOSEFINA. PROVIDED FOR THE FOOD AND TRANSPORTATION OF...

MERCY MINISTRY SUPPORT - PROVIDED FOR THE FOOD AND CARE OF OVER 70 ELDERLY PERSONS THROUGH THE MINISTRIES AT CASA DEL ABUELO AND PROJECT JOSEFINA. PROVIDED FOR THE FOOD AND TRANSPORTATION OF THOUSANDS OF FAMILY MEMBERS CARING FOR SOMEONE IN THE HOSPITAL THROUGH THE MINISTRY AT HOUSE OF MERCY. COMPLETED 2 BUILDINGS AND MORE THAN 25 CONSTRUCTION PROJECTS TO SUPPORT THOSE MINISTRIES.

Program 2

Expenses: $61,917

MISSIONARY SUPPORT - PROVIDED FOR 1 FAMILY TO SERVE IN FULL TIME MINISTRY IN ENSENADA MEXICO; PROVIDED FOR MISSION WORK IN SRI LANKA AND ETHIOPIA BY MEXICAN MISSIONARIES

Program 3

Expenses: $29,555

PASTORAL SUPPORT - PROVIDED SUPPORT TO 4 PASTORAL FAMILIES TO HELP WITH LIVING, MEDICAL, AND EDUCATION EXPENSES AS THEY SERVE IN FULL TIME MINISTRY. COMPLETED PERSONAL PROJECTS FOR 3 PASTORS TO...

PASTORAL SUPPORT - PROVIDED SUPPORT TO 4 PASTORAL FAMILIES TO HELP WITH LIVING, MEDICAL, AND EDUCATION EXPENSES AS THEY SERVE IN FULL TIME MINISTRY. COMPLETED PERSONAL PROJECTS FOR 3 PASTORS TO SUPPORT THEIR FAMILIES AND THEIR PASTORAL MINISTRIES

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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 $356,453

Program Service Revenue $0

Investment Income $329

Other Revenue $0

TOTAL REVENUE $356,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,713

Fundraising Expenses $0

Program Expenses $332,295

Other Expenses $318,582

TOTAL EXPENSES $352,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,782	$309,842	+0.2%
Expenses	$352,295	$290,373	+0.2%
Net Income	$4,487	$19,469	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCOS DIAZ	N/A	1.00	Director	$0	$0	$0
SCOTT C MEHREN	TREASURER	1.00	Officer	$0	$0	$0
JUSTIN W COSGROVE	PRESIDENT	10.00	Officer	$0	$0	$0
GLENN BREWER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOSHUA HOWARD	SECRETARY	1.00	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
2024	$356,782	$352,295	$88,129	$4,487
2023	$309,842	$290,373	$83,642	$19,469
2022	$272,819	$279,419	$64,173	$-6,600