Believers Faith Outreach Ministries South Florida Inc (EIN 844737606) - 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

2020

Legal Domicile

Principal Officer

Mattie Nottage

Phone

5616790889

Tax Period

2024-01-01 to 2024-12-31

Believers Faith Outreach Ministries South Florida Inc, founded in 2020, is a community nonprofit in the Religion sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum.

Mission

To bring the gospel of the kingdom to the world

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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 $3,318,723

Program Service Revenue $290,553

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,609,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,709

Fundraising Expenses $0

Other Expenses $3,310,369

TOTAL EXPENSES $3,744,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,609,276	$1,613,033	+1.2%
Expenses	$3,744,078	$1,471,800	+1.5%
Net Income	$-134,802	$141,233	-2.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mattie Nottage	President	040.00	Officer Director	$0	$0	$0
Edison Nottage	Vice President	010.00	Director	$0	$0	$0
Dearyl Nottage	Secretary	010.00	Director	$0	$0	$0
Monique Roker	Treasurer	010.00	Director	$0	$0	$0
Kimberley Munroe	Assistant Secretary	010.00	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
2024	$3,609,276	$3,744,078	$1,057,070	$-134,802
2023	$2,879,540	$2,968,639	$912,119	$-89,099
2022	$1,613,033	$1,471,800	$765,690	$141,233

Believers Faith Outreach Ministries South Florida Inc