COLOSSIANS 418 PRISON MINISTRIES

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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

Tax Period

2024-01-01 to 2024-12-31

COLOSSIANS 418 PRISON MINISTRIES, founded in 2021, is a small nonprofit in the Human Services sector that reported $241K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $333K exceeded revenue, resulting in a 38% operating deficit.

Mission

RELIGIOUS ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $1,030

PREACHING & TEACHING THE GOSPEL OF JESUS CHRIST SEMINARY STUDIES FOR PRISONERS WHICH HAVE RECEIVED CHRIST AS SAVIOR. THEY RECIVIE EDUCATION DEGRESS TO HELP THEM TO SPREAD THE GOSPEL OF JESUS CHIRST...

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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 $240,843

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $331,610

Program Expenses $1,030

Other Expenses $329,460

TOTAL EXPENSES $332,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,843	$187,243	+0.3%
Expenses	$332,640	$27,593	+11.1%
Net Income	$-91,797	$159,650	-1.6%

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

N/A

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
TYRONE BROOMFIELD	DIRECTOR	0.00	Director	$0	$0	$0
BOB HARPER	DIRECTOR	0.00	Director	$0	$0	$0
STEPHEN CARLESON	DIRECTOR	0.00	Director	$0	$0	$0
JAMES GIBSON	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM BYERS	PRESIDENT	5.00	Officer	$0	$0	$0
HEATHER HARRIS	TREASURER	2.00	Officer	$0	$0	$0
EDDIE J WILLIAMS	SECRETARY	5.00	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
2025	No data	No data	No data	No data
2024	$240,843	$332,640	$232,818	$-91,797
2023	$187,243	$27,593	$324,615	$159,650
2022	$170,365	$5,400	$164,965	$164,965