HIS VESSEL MINISTRIES (EIN 870728355) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

JO HANCOCK

Phone

3343564478

Tax Period

2024-01-01 to 2024-12-31

HIS VESSEL MINISTRIES, founded in 2001, is a small nonprofit in the Religion sector that reported $218K in total revenue in fiscal year 2018. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 10% surplus.

Mission

CHRISTIAN MINISTRIES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,213

Program Service Revenue $11,037

Investment Income $36,140

Other Revenue $7,928

TOTAL REVENUE $355,318

Expense Breakdown

Grants Paid $1,400

Salaries & Benefits $189,832

Fundraising Expenses $0

Program Expenses $315,742

Other Expenses $124,510

TOTAL EXPENSES $315,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,318	$384,029	-0.1%
Expenses	$315,742	$271,561	+0.2%
Net Income	$39,576	$112,468	-0.6%

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

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

$83,962

Total Directors

$83,962

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO HANCOCK	PRESIDENT	40.00	Officer Director	$77,812	$6,150	$83,962
KEITH HANCOCK	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHRISTIE WILSON	SECRETARY	0.00	Officer Director	$0	$0	$0
PHYLLIS INGRAM	TREASURER	0.00	Officer Director	$0	$0	$0
BISHOP KYLE SEARCY	BOARD MEMBER	0.00	Director	$0	$0	$0
DR JUDI JEHLE	BOARD MEMBER	0.00	Director	$0	$0	$0
GREG HENDON	BOARD MEMBER	0.00	Director	$0	$0	$0
ANGELIA HENDON	BOARD MEMBER	0.00	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	$355,318	$315,742	$643,955	$39,576
2023	$384,029	$271,561	$602,141	$112,468
2022	$414,225	$247,969	$490,469	$166,256
2021	$326,728	$174,555	$321,929	$152,173
2020	$234,505	$194,935	$169,327	$39,570
2019	$236,725	$206,985	$129,613	$29,740
2018	$217,859	$195,241	$99,497	$22,618

HIS VESSEL MINISTRIES