BORREGO MINISTERS ASSOCIATION (EIN 923678192) - 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

2023

Legal Domicile

Principal Officer

Michael Plekon

Phone

8089876922

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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 with food, rent, 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).

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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 $203,395

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,156

Program Expenses $170,718

Other Expenses $171,874

TOTAL EXPENSES $171,874

Year-over-Year Comparison

	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%

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

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
Michael Plekon	CEO, Director, Board Chair	5	Officer Director	$0	$0	$0
Geoffrey Barton	CFO, Director	10	Officer Director	$0	$0	$0
Joyce Merrick	Secretary, Director	5	Officer Director	$0	$0	$0
Mateo Mamea	Director, Vice-Chair	2	Officer Director	$0	$0	$0
Dale Jones	Director	2	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	$203,395	$171,874	$61,696	$31,521
2024	$203,395	$167,873	$65,697	$35,522

BORREGO MINISTERS ASSOCIATION