Vessels of Mercy International Inc

EIN: 030404068 501(c)(3) Religion

Henrico, VA

Total Revenue
$288,897
Total Expenses
$336,013
Total Assets
$774,132
Net Assets
$759,624
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
Beverly A Gibson
Phone
8047404575
Tax Period
2024-01-01 to 2024-12-31

Vessels of Mercy International Inc, founded in 1995, is a small nonprofit in the Religion sector that reported $289K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $336K exceeded revenue, resulting in a 16% operating deficit.

Mission

FAITH-BASED CHARITABLE RELIEF AND DEVELOPMENT ORGANIZATION PROVIDES OUTREACH SERVICES TO INNER CITY YOUTH DISASTER RELIEF AND MEDICAL AND DEVELOPMENT RELIEF TO AREAS LOCATED AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $240,460

Conducted charitable relief to individuals in the United States and countries around the world.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,352
Program Service Revenue $0
Investment Income $64,664
Other Revenue $33,881
TOTAL REVENUE $288,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,759
Fundraising Expenses $21,513
Program Expenses $240,460
Other Expenses $229,254
TOTAL EXPENSES $336,013

Year-over-Year Comparison

2024 2023 Change
Revenue $288,897 $709,878 -0.6%
Expenses $336,013 $299,106 +0.1%
Net Income $-47,116 $410,772 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
160

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
2
$84,240
Total Directors
7
$84,240
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beverly A Gibson Founder & CEO 60.00
Officer Director
$84,240 $0 $84,240
Brenda B Raney Vice President 8.00
Officer Director
$0 $0 $0
Debra Gibson-Davenport Director 8.00
Director
$0 $0 $0
Kim Alford Director 2.00
Director
$0 $0 $0
Donna Jarrell Chairman BOD 2.00
Director
$0 $0 $0
Joan Sties Director 2.00
Director
$0 $0 $0
Cerena Griffith Secretary/Chair 10.00
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
2025 No data No data No data No data
2024 $288,897 $336,013 $774,132 $-47,116
2023 $709,878 $299,106 $818,371 $410,772
2022 $235,405 $251,778 $420,553 $-16,373
2021 $254,057 $227,977 $415,311 $26,080
2020 $238,969 $202,477 $391,687 $36,492
2019 $190,902 $215,143 $359,516 $-24,241
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