FWRM SUPPORT CORPORATION (EIN 834133880) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

REVEREND DONOVAN COLEY

Phone

2604267357

Tax Period

2023-07-01 to 2024-06-30

FWRM SUPPORT CORPORATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $458K in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 335% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF THE FORT WAYNE RESCUE MISSION MINISTRIES INC.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $457,935

Investment Income $89

Other Revenue $0

TOTAL REVENUE $458,024

Expense Breakdown

Grants Paid $1,100,384

Salaries & Benefits $0

Fundraising Expenses $3,107

Program Expenses $1,582,902

Other Expenses $892,384

TOTAL EXPENSES $1,992,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,024	$460,352	0.0%
Expenses	$1,992,768	$1,222,348	+0.6%
Net Income	$-1,534,744	$-761,996	+1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$247,873

Total Directors

$247,873

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY MUSICK	TREASURER	1.00	Officer Director	$0	$26,348	$126,280
REVEREND DONOVAN COLEY	CEO	1.00	Officer Director	$0	$40,226	$121,593
DAN GARMAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS STITZER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SWIFT	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	$458,024	$1,992,768	$18,001,480	$-1,534,744
2023	$460,352	$1,222,348	$19,448,008	$-761,996
2022	$3,323,540	$1,069,060	$20,121,788	$2,254,480
2021	$417,969	$1,081,335	$20,450,594	$-663,366
2020	$1,154,652	$150,715	$19,903,828	$1,003,937

FWRM SUPPORT CORPORATION