Sozo Life Ministries
Nonprofit profile at a glance
- EIN
- 272293008
- IRS 990-EZ coverage
- 2015–2019
- Forms available
- Form 990-EZ 2019, Form 990-N 2018
- Location
- Colorado Springs, CO, USA
- Phone
- 7194933014
- Rating
- 33
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
- Affiliation
- Christianity
Reported finances
- Revenue
- $3
- Expenses
- $53,539
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JOSEPH SEDERSTROM (PRESIDENT)
People named in this filing
- JOSEPH SEDERSTROM (PRESIDENT)
- GARY LUECKE (BOARD MEMBER)
- ALEX PALOMARES (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To propagate the gospel of the lord jesus christ, and it is organized exclusively for charitable, religious, missionary and educational purposes, including for such purposes, the making of distributions to churches and to organizations that qualify as exempt organizations.
What it reported doing in 2019
Misc duties done in the wrapping up the affairs of the ministry.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1,784,533.3%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 28%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -50.9% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -49.4% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -34.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2015 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.