FMI INC

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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

BRUCE FARRA

Phone

6103534905

Tax Period

2024-01-01 to 2024-12-31

FMI INC, founded in 1986, is a small nonprofit that reported $927K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $857K left a modest 8% surplus.

Mission

SUPPORT INDIGENOUS PASTORS AND CHURCHES IN DEVELOPING COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $218,514 Revenue: $215,061

FINANCIAL ASSISTANCE AND TRAINING TO INDIGENOUS PASTORS IN DEVELOPING COUNTRIES.

Program 2

Expenses: $16,405 Revenue: $22,430

FINANCIAL ASSISTANCE FOR THE PURCHASE, IMPROVEMENT, AND REPAIRS OF CHURCH BUILDINGS AND PROPERTY.

Program 3

Expenses: $82,242 Revenue: $200,113

FINANCIAL ASSISTANCE FOR THE PURCHASE OF EQUIPMENT AND SUPPLIES

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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 $917,469

Program Service Revenue $0

Investment Income $9,793

Other Revenue $0

TOTAL REVENUE $927,262

Expense Breakdown

Grants Paid $454,916

Salaries & Benefits $278,013

Fundraising Expenses $31,100

Program Expenses $740,834

Other Expenses $124,219

TOTAL EXPENSES $857,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$927,262	$783,958	+0.2%
Expenses	$857,148	$835,827	+0.0%
Net Income	$70,114	$-51,869	-2.4%

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

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

$123,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CARNUCCIO	DIRECTOR	2.00	Director	$0	$0	$0
LYNN ZIMMERMAN	DIRECTOR	2.00	Director	$0	$0	$0
RUTH KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
BECKY RHODES	DIRECTOR	2.00	Director	$0	$0	$0
GARY DOPERALSKI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOSEPH P BUNN	TREASURER	5.00	Officer	$0	$0	$0
JANET FARRA	RECORDING SECRETARY	2.00	Officer	$5,555	$0	$5,555
MABEL TODD	CORP SECRETARY	1.00	Officer	$0	$34,400	$34,400
BRUCE FARRA	EXE DIRECTOR	40.00	Officer	$44,000	$39,265	$83,265

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	$927,262	$857,148	$379,463	$70,114
2023	$783,958	$835,827	$306,794	$-51,869
2022	$790,872	$698,646	$353,600	$92,226
2021	$652,159	$533,251	$263,733	$118,908
2020	$456,802	$479,722	$144,438	$-22,920