INSTITUTE FOR MINISTRY DEVELOPMENT (EIN 841315562) - 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

1995

Legal Domicile

Principal Officer

NORM SEELEY

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR MINISTRY DEVELOPMENT, founded in 1995, is a small nonprofit in the Religion sector that reported $355K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TEACHING AND TRAINING MINISTRY, FOCUSED ON EQUIPPING INDIVIDUAL BELIEVERS, MINISTRY GROUPS, LEADERSHIP PERSONS, AND CHURCHES AS A WHOLE TO BETTER CARRY OUT THEIR GOD-GIVEN MINISTRY

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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 $353,683

Program Service Revenue $196

Investment Income $1,227

Other Revenue $0

TOTAL REVENUE $355,106

Expense Breakdown

Grants Paid $123,175

Salaries & Benefits $91,584

Fundraising Expenses $5,359

Program Expenses $302,353

Other Expenses $140,851

TOTAL EXPENSES $355,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,106	$374,038	-0.1%
Expenses	$355,610	$366,809	0.0%
Net Income	$-504	$7,229	-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

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

$67,701

Total Directors

$67,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORM SEELEY	PRESIDENT	40.00	Officer Director	$42,701	$25,000	$67,701
ROBERT BOOTH	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
ANDREA CAMDEN	VICE CHAIR	N/A	Director	$0	$0	$0
TODD GERLINGS	DIRECTOR	N/A	Officer Director	$0	$0	$0
CARL GRAHAM	DIRECTOR	N/A	Director	$0	$0	$0
ALAN HARMON	DIRECTOR	N/A	Director	$0	$0	$0
PHIL LARGENT	PRESIDENT-EM	N/A	Officer Director	$0	$0	$0
ROBERT LARGENT	DIRECTOR	N/A	Director	$0	$0	$0
AL LEPPER	CHAIRMAN	N/A	Director	$0	$0	$0
LARRY VANVLEET	DIRECTOR	N/A	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	$355,106	$355,610	$162,789	$-504
2023	$374,038	$366,809	$163,792	$7,229
2022	$374,762	$396,547	$148,783	$-21,785
2021	$386,479	$339,741	$167,534	$46,738
2020	$304,185	$272,835	$135,797	$31,350
2019	$345,450	$351,317	$93,195	$-5,867
2018	$373,442	$347,920	$96,119	$25,522

INSTITUTE FOR MINISTRY DEVELOPMENT