NOVO MINISTRIES INC (EIN 870745940) - 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

2005

Legal Domicile

Principal Officer

TODD A MCKINNIS Attorney for Novo M

Phone

4052084255

Tax Period

2020-01-01 to 2020-12-31

NOVO MINISTRIES INC, founded in 2005, is a small nonprofit that reported $237K in total revenue in fiscal year 2020. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $522K exceeded revenue, resulting in a 121% operating deficit.

Mission

Novo Ministries exists to break cycles of destruction, create HOPE, and instill a sense of purpose through life-changing mentoring relationships with 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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $235,941

Program Service Revenue $0

Investment Income $813

Other Revenue $0

TOTAL REVENUE $236,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,060

Fundraising Expenses $104,565

Program Expenses $368,316

Other Expenses $162,351

TOTAL EXPENSES $522,411

Year-over-Year Comparison

	2020	2019	Change
Revenue	$236,754	$908,521	-0.7%
Expenses	$522,411	$930,752	-0.4%
Net Income	$-285,657	$-22,231	+11.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Sherrer	Executive Director	050.00	Officer Key Emp	$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
2020	$236,754	$522,411	No data	$-285,657
2019	$908,521	$930,752	$531,823	$-22,231
2018	$1,048,207	$997,505	$567,578	$50,702

NOVO MINISTRIES INC