Tucson, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Corazon Ministries Inc, founded in 1995, is a small nonprofit in the Religion sector that reported $497K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.
The purpose of Corazn Ministries is to evangelize to non-believers, to develop believers into disciple makers, and to equip believers for work and service within the context of culture and community in the Hispanic/Latino and other ethnic populations.
Our Mission Statement says: The purpose of Corazn Ministries is to evangelize to non-believers, to develop believers into disciple makers, and to equip believers for work and service within the...
Our Mission Statement says: The purpose of Corazn Ministries is to evangelize to non-believers, to develop believers into disciple makers, and to equip believers for work and service within the context of culture and community in the Hispanic/Latino and other ethnic populations. In 2024, Corazn Ministries continued demonstrating its mission through gatherings, newsletters, Bible studies, and workshops. Corazn Ministries organized and contributed to community outreach projects by collaborating with local schools and churches on construction, cleanup, and landscaping projects. We continue to support Christian schools, including Pusch Ridge South. We helped local needy families, collaborated with school educators and leaders in Tucson, and partnered with the Association of Spanish-Speaking Pastors for outreach, resulting in two citywide events. We collaborated with local ministries in south Tucson through the Christian Education and Training Center (CETC). We also conducted cross-cultural training sessions across the United States. We minister to men, women, couples, moms, youth, families, pastors, and their wives. We preach at churches locally and nationally. We perform weddings, funerals, and dedications and do biblical pre-marital training. We have an affiliation with radio stations to spread the Gospel. Corazn reached an estimated 75,000 individuals locally and nationwide through the promotion of a Southwest region bilingual missions conference, held in October and organized by Corazn Ministries.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $497,409 | $410,681 | +0.2% |
| Expenses | $491,074 | $431,173 | +0.1% |
| Net Income | $6,335 | $-20,492 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mike Alameda | President | 40.00 |
Officer
Director
|
$92,500 | $8,340 | $100,840 |
| Claire Alameda | Vice-President | 40.00 |
Officer
Director
|
$12,204 | $211 | $12,415 |
| Ed Marley | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Manual Corral | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Randy Brainard | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Craig Young | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Maria Mejias | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $497,409 | $491,074 | $75,795 | $6,335 |
| 2023 | $410,681 | $431,173 | $71,908 | $-20,492 |
| 2022 | $349,708 | $351,912 | $92,213 | $-2,204 |
| 2021 | $392,965 | $387,407 | $90,461 | $5,558 |
| 2020 | $347,711 | $344,448 | $110,674 | $3,263 |
| 2019 | $343,486 | $324,843 | $100,633 | $18,643 |
| 2018 | $334,603 | $318,960 | $84,874 | $15,643 |
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