LAUNCH MINISTRIES INC (EIN 900950633) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

YOLANDA MORGAN

Phone

9194357627

Tax Period

2024-01-01 to 2024-12-31

LAUNCH MINISTRIES INC, founded in 2013, is a small nonprofit in the Religion sector that reported $301K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 31% operating deficit.

Mission

RELIGIOUS PURPOSES,INCLUDING PROVIDING A COMMUNITY-ORIENTED ATMOSPHERE OF GODLY FUNCTION,ENCOMPASSING RELIGIOUS FAMILY GATHERINGS FOR ALL AGES AND PROVIDING A PLACE OF WORSHIP; TEACHING AND PREACHING THE UNCOMPROMISED WORD OF GOD (HOLY BIBLE), MINISTERING TO THE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $275,408

Program Service Revenue $0

Investment Income $0

Other Revenue $25,200

TOTAL REVENUE $300,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $395,163

Other Expenses $395,163

TOTAL EXPENSES $395,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,608	$410,129	-0.3%
Expenses	$395,163	$173,548	+1.3%
Net Income	$-94,555	$236,581	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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
YOLANDA MORGAN	PRESIDENT	16.00	Officer	$0	$0	$0
ALPHONE MORGAN	VICE PRESIDENT	16.00	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	$300,608	$395,163	$841,841	$-94,555
2023	$410,129	$173,548	No data	$236,581

LAUNCH MINISTRIES INC