Corazon Ministries Inc (EIN 860810200) - 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

Mike Alameda

Phone

5209039608

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $497,409

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $497,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,425

Fundraising Expenses $3,270

Program Expenses $328,669

Other Expenses $215,649

TOTAL EXPENSES $491,074

Year-over-Year Comparison

	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%

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

181

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

$113,255

Total Directors

$113,255

Key Employees

Highest Compensated

reported

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

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	$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

Corazon Ministries Inc