VERTICAL MINISTRIES (EIN 900753878) - 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

2011

Legal Domicile

Principal Officer

BO WEATHERSBEE

Phone

2543001124

Tax Period

2024-01-01 to 2024-12-31

VERTICAL MINISTRIES, founded in 2011, is a small nonprofit in the Religion sector that reported $372K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 13% surplus.

Mission

WEEKLY GATHERINGS TO PROMOTE CHRISTIANITY THROUGH SONG AND TEACHING

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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 $371,723

Program Service Revenue $0

Investment Income $481

Other Revenue $0

TOTAL REVENUE $372,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,279

Fundraising Expenses $0

Program Expenses $116,636

Other Expenses $162,072

TOTAL EXPENSES $324,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,204	$248,893	+0.5%
Expenses	$324,351	$252,294	+0.3%
Net Income	$47,853	$-3,401	-15.1%

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

100

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
TIMOTHY ATEEK	Director	1.00	Director	$0	$0	$0
BLAIR BROWNING	Director	1.00	Director	$0	$0	$0
CINDY REETER	Director	1.00	Director	$0	$0	$0
DALE WALLACE	Director	1.00	Director	$0	$0	$0
CARTER HOPKINS	President	1.00	Officer	$0	$0	$0
BO WEATHERSBEE	Treasurer	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	$372,204	$324,351	$147,416	$47,853
2023	$248,893	$252,294	$97,427	$-3,401
2022	$267,735	$236,120	$97,574	$31,615
2021	$295,909	$264,522	$67,117	$31,387
2020	$184,061	$218,053	$62,154	$-33,992
2019	$252,655	$277,040	$68,775	$-24,385
2018	$99,095	$242,297	$88,335	$-143,202

VERTICAL MINISTRIES