QIANXING MINISTRY INC (EIN 883790678) - 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

Principal Officer

HONGYANG DONG

Phone

9173972961

Tax Period

2024-01-01 to 2024-12-31

QIANXING MINISTRY INC, founded in 2022, is a small nonprofit in the Religion sector that reported $259K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 31% operating margin.

Mission

THE FOLLOWING ARE THE MAIN MISSIONS OF THIS CHURCH: 1)TO WORSHIP AND SERVE GOD THE HOLY TRINITY: THE FATHER, THE SON AND THE HOLY SPIRIT. 2)TO SPREAD THE KINGDOM OF GOD AND TO PROCLAIM THE GOSPEL OF JESUS CHRIST THROUGH WORDS AND ACTS. 3)TO SERVE AND NURTURE THE BROTHERS AND SISTERS OF THIS CHURCH TO ENCOURAGE THEIR SPIRITUAL GROWTH AND BECOME FAITHFUL AND FRUITFUL CHRISTIAN DISCIPLES. THE FOLLOWING ARE THE OTHER PURPOSES OF THIS CHURCH: 4)TO LEAD AND FOSTER THE SPIRITUAL GROWTH OF THE CHURCH MEMBERS. 5)THROUGH WORSHIP, PRAYER, FOLLOWSHIP, TEACHING GOD'S WORDS, FOLLOWING THE GUIDANCE OF THE HOLY SPIRIT, BAPTISM AND HOLY COMMUNIONS , TO EXEMPLIFY GOD'S SOVEREIGNTY, AND TO BUILD UP THIS CHURCH INTO A STRONG AND STEADFAST SPIRITUAL COMMUNITY. 6)THROUGH TEACHING AND TRAINING, TO EQUIP THE BROTHERS AND SISTERS OF THIS CHURCH TO BETTER SERVE GOD. 7)TO PROVIDE OPPORTUNITIES FOR THE BROTHERS AND SISTERS OF THIS CHURCH TO SERVE GOD AND PERFORM OUTREACH MISSIONARY WORK. 8)TO OBEY THE PRINCIPLES

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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 $259,405

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $259,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,869

Fundraising Expenses $0

Program Expenses $55,548

Other Expenses $160,314

TOTAL EXPENSES $180,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,405	$1,432,457	-0.8%
Expenses	$180,183	$40,396	+3.5%
Net Income	$79,222	$1,392,061	-0.9%

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
IRIS CHIAN	TREASURER	N/A	Officer Director	$0	$0	$0
HONGYANG DONG	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHUGE HUANG	SECRETARY	N/A	Officer Director	$0	$0	$0
LIQIN SUN	DIRECTOR OF	N/A	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
2024	$259,405	$180,183	$1,570,021	$79,222
2023	$1,432,457	$40,396	$1,473,637	$1,392,061

QIANXING MINISTRY INC