LIVING STONE MINISTRIES

EIN: 882603657 501(c)(3) Religion

SAND LAKE, MI

Total Revenue
$462,040
Total Expenses
$260,130
Total Assets
$302,557
Net Assets
$301,721
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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
MI
Principal Officer
MITCHELL TAYLOR
Phone
6167880351
Tax Period
2023-01-01 to 2023-12-31

LIVING STONE MINISTRIES, founded in 2022, is a small nonprofit in the Religion sector that reported $462K in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 44% operating margin.

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS ORGANZIED IS TO ORDAIN AND OVERSEE MINISTERS OF THE GOSPEL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $462,479
Investment Income $0
Other Revenue $-439
TOTAL REVENUE $462,040

Expense Breakdown

Grants Paid $63,217
Salaries & Benefits $90,489
Fundraising Expenses $0
Program Expenses $206,870
Other Expenses $106,424
TOTAL EXPENSES $260,130

Year-over-Year Comparison

2023 2022 Change
Revenue $462,040 $196,245 +1.4%
Expenses $260,130 $96,436 +1.7%
Net Income $201,910 $99,809 +1.0%
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
3
Independent Members
3
Employees
1
Volunteers
5

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
3
$48,800
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCHELL TAYLOR PRESIDENT/PASTOR 40.00
Officer
$48,800 $0 $48,800
BRYAN PORTER SECRETARY 3.00
Officer
$0 $0 $0
LARRY TEEPLE TREASURER 6.00
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
2023 $462,040 $260,130 $302,557 $201,910
2022 $196,245 $96,436 $100,580 $99,809
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