HOUSE OF MYRRH MINISTRIES

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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

1993

Legal Domicile

Principal Officer

Alger Marsh

Phone

5035575050

Tax Period

2023-01-01 to 2023-12-31

HOUSE OF MYRRH MINISTRIES, founded in 1993, is a small nonprofit in the Human Services sector that reported $206K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $235K exceeded revenue, resulting in a 14% operating deficit.

Mission

Encouraging people to reach the full potential that God created them to be. We accomplish this through a variety of interactive workshops.

Program Service Accomplishments

Program 1

Expenses: $166,433 Revenue: $205,670

Our Heart workshops bring people closer to an experiential knowledge of God which eases burdens and promotes worship of God. 264 participants attended 18 workshops, experiencing amazing emotional and spiritual healing. Volunteers provided over 12,000 hours of personal ministry time to make these workshops possible.

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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 $205,670

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,670

Expense Breakdown

Grants Paid $17,854

Salaries & Benefits $127,143

Fundraising Expenses $3,578

Program Expenses $166,433

Other Expenses $90,302

TOTAL EXPENSES $235,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,670	$225,074	-0.1%
Expenses	$235,299	$214,727	+0.1%
Net Income	$-29,629	$10,347	-3.9%

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

190

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

$43,637

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alger Marsh	President	40.0	Officer	$43,637	$0	$43,637
Jeff Paterson	Chairman of Board	10.0	Director	$0	$0	$0
Ernie Josi	Secretary/Treasurer	7.0	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	$205,670	$235,299	$273,434	$-29,629
2021	$234,144	$195,941	$310,507	$38,203
2020	$215,229	$198,647	$314,504	$16,582