Herrin Ministries Inc (EIN 861638853) - 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

2021

Legal Domicile

Principal Officer

Devin N Herrin

Phone

8137778980

Tax Period

2024-01-01 to 2024-12-31

Herrin Ministries Inc, founded in 2021, is a small nonprofit in the Religion sector that reported $148K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 23% operating margin.

Mission

To train, disciple and teach the Bible to the next generation of Jesus followers through the context of the local church.

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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 $148,384

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,523

Fundraising Expenses $5,684

Program Expenses $96,628

Other Expenses $38,155

TOTAL EXPENSES $113,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,384	$107,909	+0.4%
Expenses	$113,678	$97,699	+0.2%
Net Income	$34,706	$10,210	+2.4%

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

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

$81,000

Total Directors

$81,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Devin N Herrin	President	40.00	Officer Director	$81,000	$0	$81,000
Cody Perry	Secretary	0.00	Officer Director	$0	$0	$0
Micah MacDonald	Treasurer	0.00	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	$148,384	$113,678	$51,507	$34,706
2023	$107,909	$97,699	$19,560	$10,210
2022	$76,772	$74,806	$11,341	$1,966

Herrin Ministries Inc