Borrego Springs, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BORREGO MINISTERS ASSOCIATION, founded in 2023, is a small nonprofit in the Housing & Shelter sector that reported $203K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 15% operating margin.
Non-profit public benefits corporation 501(c)(3) for Public and Charitable purposes. The specific purpose of this corporation is to provide direct assistance to Borrego Springs community members in need of various necessities such as food, rent, utilities, transportation, education, etc. This corporation is organized and operated exclusively for the purposes set forth within the meaning of Internal Revenue Code section 501(c)(3).
Help alleviate hunger among people in the Borrego Springs area by providing prepaid food gift certificates to the local grocery stores to people suffering from food insecurity and providing grants to...
Help alleviate hunger among people in the Borrego Springs area by providing prepaid food gift certificates to the local grocery stores to people suffering from food insecurity and providing grants to the local food banks. All people given direct assistance and all food bank grants are assessed and vetted for appropriate need. Throughout the year, 162 families received assistance. BASIC received a $1000.00 grant for food for a children's summer education program. This program is growing and we hope to receive adequate revenue to continue. All work is volunteer. There are no service expenses.
Assist families unable to pay housing expenses, usually rent, as an unexpected event. We cannot assist with rent on a continuing or long term basis, however, each need is evaluated on a case by case...
Assist families unable to pay housing expenses, usually rent, as an unexpected event. We cannot assist with rent on a continuing or long term basis, however, each need is evaluated on a case by case basis. We were able to assist 45 families throughout the year to cover part of their rent expenses to avoid eviction. This problem worsens in the summer since many seasonal workers lose employment. $37,951 in assistance was provided during the year. This program is growing and we hope to receive adequate revenue to continue. All work is volunteer. There are no service expenses.
Assist families unable to pay for electricity, water, transportation, medical costs, educational costs, emergency repairs and other unexpected events. We do not provide assistance on a continuing or...
Assist families unable to pay for electricity, water, transportation, medical costs, educational costs, emergency repairs and other unexpected events. We do not provide assistance on a continuing or long-term basis, but to remedy immediate situations. Requests are evaluated on a case-by-case basis. Requests for financial assistance increase during the summer when many seasonal workers lose employment. All requests are evaluated on an individual basis. We hope to receive adequate revenue to continue. All work is volunteer. There are no service expenses.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $203,395 | $144,383 | +0.4% |
| Expenses | $171,874 | $145,815 | +0.2% |
| Net Income | $31,521 | $-1,432 | -23.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Plekon | CEO, Director, Board Chair | 5 |
Officer
Director
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$0 | $0 | $0 |
| Geoffrey Barton | CFO, Director | 10 |
Officer
Director
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$0 | $0 | $0 |
| Joyce Merrick | Secretary, Director | 5 |
Officer
Director
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$0 | $0 | $0 |
| Mateo Mamea | Director, Vice-Chair | 2 |
Officer
Director
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$0 | $0 | $0 |
| Dale Jones | Director | 2 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $203,395 | $171,874 | $61,696 | $31,521 |
| 2024 | $203,395 | $167,873 | $65,697 | $35,522 |
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