The Ruth Project Ministries

EIN: 851051671 501(c)(3) Human Services

Elgin, IL

Total Revenue
$579,772
Total Expenses
$482,440
Total Assets
$165,458
Net Assets
$159,013
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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
OH
Phone
3302046330
Tax Period
2024-01-01 to 2024-12-31

The Ruth Project Ministries, founded in 2020, is a small nonprofit in the Human Services sector that reported $580K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $97K, a strong 17% operating margin.

Mission

Provide foster and adoptive families with the resources, ongoing support, and knowledge they need to give long-term love and care to children in need.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $613,015
Program Service Revenue $0
Investment Income $0
Other Revenue $-33,243
TOTAL REVENUE $579,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,126
Fundraising Expenses $42,612
Program Expenses $356,367
Other Expenses $294,314
TOTAL EXPENSES $482,440

Year-over-Year Comparison

2024 2023 Change
Revenue $579,772 $665,697 -0.1%
Expenses $482,440 $771,191 -0.4%
Net Income $97,332 $-105,494 -1.9%
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

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Governance

Voting Members
8
Independent Members
5
Employees
8
Volunteers
2700

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
3
$90,457
Total Directors
8
$111,593
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley McMahan Secretary 40.0
Officer Director
$35,457 $0 $35,457
Debbie Sommers Treasurer 0.3
Officer Director
$0 $0 $0
Tamara McMahan President & Executive Director 50.0
Officer Director
$55,000 $0 $55,000
Joanna Rozier Board Member 0.3
Director
$0 $0 $0
Kellie Henninger Board Member 0.3
Director
$0 $0 $0
Kristine West Board Member 0.3
Director
$0 $0 $0
Lynne Tellschow Board Member 10.0
Director
$0 $0 $0
Maureen Fox Board member / Corporate writer 15.0
Director
$21,136 $0 $21,136
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 $579,772 $482,440 $165,458 $97,332
2023 $665,697 $771,191 $118,019 $-105,494
2022 $636,486 $440,248 $330,918 $196,238
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