PREPARING THE WAY MINISTRIES INC (EIN 873309904) - 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

2022

Legal Domicile

Principal Officer

RANDY MARTIN

Phone

7176299397

Tax Period

2023-01-01 to 2023-12-31

PREPARING THE WAY MINISTRIES INC, founded in 2022, is a small nonprofit in the Religion sector that reported $289K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $326K exceeded revenue, resulting in a 13% operating deficit.

Mission

EMPOWER THE COMMUNITY IN KENYA TO MULTIPLY THE RESOURCES THEY ALREADY HAVE AND PROVIDE THE FINANCES FOR THEIR FAMILY, FOOD, AND COMMUNITY ALL WHILE PREPARING THE CHURCH FOR CHRIST'S RETURN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $288,722

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $288,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,164

Fundraising Expenses $3,334

Program Expenses $289,769

Other Expenses $232,016

TOTAL EXPENSES $326,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,722	$256,719	+0.1%
Expenses	$326,180	$224,761	+0.5%
Net Income	$-37,458	$31,958	-2.2%

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

$39,802

Total Directors

$39,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY MARTIN	PRESIDENT	40.00	Director	$39,802	$0	$39,802
BONNIE MARTIN	VICE PRESIDE	40.00	Officer	$39,802	$0	$39,802
JEFF MARTIN	BOARD MEMBER	1.00	Officer	$0	$0	$0
HENRY SMELTZ	SECRETARY	5.00	Officer	$0	$0	$0
SHARON SMELTZ	BOARD MEMBER	1.00	Officer	$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	No data	No data	No data	No data
2023	$288,722	$326,180	$2,411	$-37,458
2022	$256,719	$224,761	$33,771	$31,958

PREPARING THE WAY MINISTRIES INC