SOS BAPTIST MISSION

EIN: 881148481 501(c)(3)

MYRTLE BEACH, SC

Total Revenue
$24,720
Total Expenses
$9,087
Total Assets
$15,633
Net Assets
$15,633
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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
SC
Principal Officer
MIKE HERON
Tax Period
2022-03-08 to 2022-12-31

SOS BAPTIST MISSION, founded in 2022, is a micro nonprofit that reported $25K in total revenue in fiscal year 2022. The organization ran a surplus of $16K, a strong 63% operating margin.

Mission

PRAISE GOD, PROVIDE SERVICES TO THE COMMUNITY, SUPPORT VETERANS THROUGH MEALS, ASSIST HOMELESS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $24,720
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $24,720

Expense Breakdown

Grants Paid $8,687
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,087
Other Expenses $400
TOTAL EXPENSES $9,087

Year-over-Year Comparison

2022 2021 Change
Revenue $24,720 N/A N/A
Expenses $9,087 N/A N/A
Net Income $15,633 N/A N/A
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

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Governance

Voting Members
2
Independent Members
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE HERON CEO 008.00
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
2022 $24,720 $9,087 $15,633 $15,633
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