ICON MINISTRIES INC

EIN: 202003198 501(c)(3) Religion

Chicago, IL

Total Revenue
$316,007
Total Expenses
$289,592
Total Assets
$164,360
Net Assets
$164,360
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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
2004
Legal Domicile
IL
Principal Officer
Lewis Clark
Phone
7733876110
Tax Period
2024-01-01 to 2024-12-31

Icon Ministries Inc, founded in 2004, is a small nonprofit in the Religion sector that reported $166K in total revenue in fiscal year 2018. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 26% operating margin.

Mission

Christian missions and urban charitable work.

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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 $316,007
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $316,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,007
Fundraising Expenses $0
Program Expenses $0
Other Expenses $72,585
TOTAL EXPENSES $289,592

Year-over-Year Comparison

2024 2023 Change
Revenue $316,007 $376,734 -0.2%
Expenses $289,592 $358,089 -0.2%
Net Income $26,415 $18,645 +0.4%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
4
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lewis Clark Executive Director 40
Officer
$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 $316,007 $289,592 $164,360 $26,415
2023 $376,734 $358,089 $137,945 $18,645
2022 $330,984 $339,400 $119,300 $-8,416
2021 $354,128 $258,876 $172,131 $95,252
2020 $285,303 $261,798 $76,879 $23,505
2019 $229,172 $217,513 $62,685 $11,659
2018 $165,707 $122,343 $62,685 $43,364
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