PATRICIA KING MINISTRIES (EIN 911413239) - 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

1986

Legal Domicile

Principal Officer

RHONDA M BOLLIG

Tax Period

2023-01-01 to 2023-12-31

PATRICIA KING MINISTRIES, founded in 1986, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $284K, a strong 17% operating margin.

Mission

LEAD SOULS TO CHRIST, PROMOTE SPIRITUAL GROWTH, LOVE, UNDERSTANDING, AND TOLERANCE AMONGST ALL CHRISTIANS, PROVIDE SPIRITUAL EDUCATION AND RESOURCES WORLDWIDE BY ALL MEANS AVAILABLE, PROVIDE SUPPLIES AND SERVICES TO THOSE IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,367,564

Program Service Revenue $94,685

Investment Income $87,455

Other Revenue $137,639

TOTAL REVENUE $1,687,343

Expense Breakdown

Grants Paid $446,831

Salaries & Benefits $526,974

Fundraising Expenses $6,788

Program Expenses $1,396,274

Other Expenses $429,257

TOTAL EXPENSES $1,403,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,687,343	$1,556,946	+0.1%
Expenses	$1,403,062	$1,201,264	+0.2%
Net Income	$284,281	$355,682	-0.2%

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

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

$164,112

Total Directors

$164,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA COCKING	EMPLOYEE	60.00	Highest	$132,864	$1,161	$134,025
ROBERT HOTCHKIN	SECRETARY	60.00	Officer Director	$75,244	$12,154	$87,398
VEE M BURKETT	VICE PRESIDENT	60.00	Officer Director	$65,533	$11,181	$76,714
RHONDA M BOLLIG	PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$1,687,343	$1,403,062	$3,629,050	$284,281
2022	$1,556,946	$1,201,264	$3,346,790	$355,682
2021	$1,515,147	$1,099,627	$2,993,831	$415,520
2020	$1,368,776	$1,107,179	$2,677,419	$261,597
2019	$1,282,174	$1,282,210	$2,318,147	$-36
2018	$2,518,703	$2,758,632	$2,325,220	$-239,929

PATRICIA KING MINISTRIES