IRON SHARPENS IRON MINISTRIES INC

EIN: 200727122 501(c)(3) Religion

SAN ANTONIO, TX

Total Revenue
$1,603,801
Total Expenses
$1,216,085
Total Assets
$1,719,440
Net Assets
$1,708,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TX
Principal Officer
DAVID COOK
Phone
8309663548
Tax Period
2023-01-01 to 2023-12-31

IRON SHARPENS IRON MINISTRIES INC, founded in 2004, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $388K, a strong 24% operating margin.

Mission

TO ENCOURAGE PERSONAL SPIRITUAL DEVELOPMENT IN THE CHRISTIAN FAITH.

Program Service Accomplishments

Program 1
Expenses: $349,143 Revenue: $627,469

CONDUCTED 1 MENS' RETREAT TO ASSIST PARTNERS IN DISCOVERING THE DIVINE CALL TO AUTHENTIC FRIENDSHIP AND BROTHERHOOD.

Program 2

CONDUCT SEMINARS AND LECTURES TO HELP PARTICIPANTS DISCOVER THEIR TRUE CALLING AND STRATEGIES THAT WILL SERVE THEM IN THIS ADVENTURE SO THAT THEY WILL BE MOTIVATED TO GO BEYOND SUCCESS AND LIVE A...

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CONDUCT SEMINARS AND LECTURES TO HELP PARTICIPANTS DISCOVER THEIR TRUE CALLING AND STRATEGIES THAT WILL SERVE THEM IN THIS ADVENTURE SO THAT THEY WILL BE MOTIVATED TO GO BEYOND SUCCESS AND LIVE A LIFE OF SIGNIFICANCE.

Program 3
Expenses: $670,530 Revenue: $599,470

DISCIPLED 1,611 INDIVIDUALS TO BENEFIT FROM THE PRINCIPLES SET FORTH IN THE IRON SHARPENS IRON RETREAT AND BEYOND SUCCESS SEMINAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $281,299
Program Service Revenue $28,000
Investment Income $42,325
Other Revenue $1,252,177
TOTAL REVENUE $1,603,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $304,060
Fundraising Expenses $0
Program Expenses $1,019,673
Other Expenses $912,025
TOTAL EXPENSES $1,216,085

Year-over-Year Comparison

2023 2022 Change
Revenue $1,603,801 $1,419,032 +0.1%
Expenses $1,216,085 $576,163 +1.1%
Net Income $387,716 $842,869 -0.5%
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
3
Independent Members
2
Employees
1
Volunteers
2

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
3
$304,060
Total Directors
3
$304,060
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID L COOK PRESIDENT 30.00
Officer Director
$277,060 $27,000 $304,060
KEITH LESLIE TREASURER 1.00
Officer Director
$0 $0 $0
JEFF GATELY SECRETARY 1.00
Officer 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 $1,603,801 $1,216,085 $1,719,440 $387,716
2022 $1,419,032 $576,163 $1,347,909 $842,869
2021 $454,271 $334,439 $480,014 $119,832
2020 $384,232 $291,819 $361,092 $92,413
2019 $264,441 $244,032 $269,925 $20,409
2018 $284,330 $263,350 $233,245 $20,980
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