FIRESIDE MINISTRIES & INDUSTRIES INC (EIN 841724041) - 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

2011

Legal Domicile

Principal Officer

JOHN P HITCHCOCK

Phone

2765915733

Tax Period

2023-01-01 to 2023-12-31

FIRESIDE MINISTRIES & INDUSTRIES INC, founded in 2011, is a small nonprofit in the Employment sector that reported $206K in total revenue in fiscal year 2023. Revenue surged 520% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 6% surplus.

Mission

TO FACILITATE MINISTRY TO AT-RISK FAMILIES IN THE INNER CITY OF AUGUSTA.

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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 $205,671

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,765

Fundraising Expenses $1,344

Program Expenses $164,956

Other Expenses $59,862

TOTAL EXPENSES $192,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,671	$33,199	+5.2%
Expenses	$192,627	$35,375	+4.4%
Net Income	$13,044	$-2,176	-7.0%

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

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

$120,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG CATES	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY FOX	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY HATCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL HITCHCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MAUND	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HITCHCOCK	DIRECTOR	10.00	Director	$30,500	$0	$30,500
CHRIS HITCHCOCK	BOARD MEMBER	10.00	Director	$90,070	$0	$90,070

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	$205,671	$192,627	$26,608	$13,044
2019	$77,365	$81,714	$21,784	$-4,349
2018	$98,806	$96,786	$25,952	$2,020

FIRESIDE MINISTRIES & INDUSTRIES INC