BAY AREA SCHOOL OF MINISTRY INC (EIN 834365073) - 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

2019

Legal Domicile

Principal Officer

MICHAEL FARBSTEIN

Phone

6505333903

Tax Period

2022-07-01 to 2023-06-30

BAY AREA SCHOOL OF MINISTRY INC, founded in 2019, is a small nonprofit in the Religion sector that reported $444K in total revenue in fiscal year 2022. The organization ran a surplus of $211K, a strong 48% operating margin.

Mission

The specific purpose of this corporation is to teach and preach the gospel to all people, conduct evangelistic and humanitarian outreach, license and ordain ministers of the gospel and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code. This corporation is organized and operated exclusively for religious purposes within the meaning of Section 501(c)(3), Internal Revenue Code.

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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 (2022)

Revenue Breakdown

Contributions & Grants $443,904

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $443,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,000

Fundraising Expenses $0

Program Expenses $232,719

Other Expenses $76,719

TOTAL EXPENSES $232,719

Year-over-Year Comparison

	2022	2021	Change
Revenue	$443,913	$414,196	+0.1%
Expenses	$232,719	$177,075	+0.3%
Net Income	$211,194	$237,121	-0.1%

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

N/A

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

$156,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MITCHELL	Director	40.00	Director	$132,000	$0	$132,000
GARY PARSONS	Director	20.00	Director	$24,000	$0	$24,000
MICHAEL FARBSTEIN	President	0.00	Director	$0	$0	$0
JIM RICHARDSON	Vice President	0.00	Director	$0	$0	$0
EDWARD JUHN	Treasurer	0.00	Director	$0	$0	$0
JOHN BRANDON	Secretary	0.00	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
2023	$443,913	$232,719	$504,998	$211,194
2022	$414,196	$177,075	$293,804	$237,121

BAY AREA SCHOOL OF MINISTRY INC