BOB RUSSELL MINISTRIES INC

EIN: 204963036 501(c)(3) Religion

LOUISVILLE, KY

Total Revenue
$303,975
Total Expenses
$302,589
Total Assets
$475,897
Net Assets
$468,550
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
KY
Principal Officer
JACK COFFEE
Phone
5025487116
Tax Period
2023-01-01 to 2023-12-31

BOB RUSSELL MINISTRIES INC, founded in 2006, is a small nonprofit in the Religion sector that reported $304K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

TO PROVIDE INSTRUCTION, TRAINING, EDUCATION AND MENTORING OF YOUNG PASTORS OF THE CHRISTIAN FAITH. THROUGH THE "TIME OF REFRESHING RETREATS" THE ORGANIZATION PROVIDES COUNSELING FOR YOUNG PASTORS IN HOW TO BALANCE THEIR WORK AND FAMILY LIFE.

Program Service Accomplishments

Program 1
Expenses: $139,826

THE ORGANIZATION SUCCESSFULLY PROVIDED INSTRUCTION, EDUCATION AND MENTORING TO APPROXIMATELY 60 YOUNG PASTORS.

Program 2
Expenses: $68,751

THE ORGANIZATION ADMINISTERS A PROGRAM OF CHRISTIAN BENEVOLENCE USING BIBLICAL PRINCIPLES AND SCRIPTURAL ADMONITIONS TO ALLEVIATE SUFFERING AND HARDSHIP RESULTING FROM POVERTY, UNEMPLOYMENT, DISEASE...

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THE ORGANIZATION ADMINISTERS A PROGRAM OF CHRISTIAN BENEVOLENCE USING BIBLICAL PRINCIPLES AND SCRIPTURAL ADMONITIONS TO ALLEVIATE SUFFERING AND HARDSHIP RESULTING FROM POVERTY, UNEMPLOYMENT, DISEASE, ILLNESS, ACCIDENT, INJURY, OR POOR HEALTH, DISABILITY, BEREAVEMENT, DEPRIVATION OF EDUCATIONAL TRAINING OR OPPORTUNITY, OR OTHER CAUSES OF PHYSICAL, MENTAL, SPIRITUAL, OR ECONOMIC DISTRESS. BENEFICIARIES OF SUCH GRANTS MAY INCLUDE WIDOWS, ORPHANS, EXPECTANT MOTHERS AND OTHER INDIVIDUALS UPON RECOMMENDATION OF A PASTOR. BENEFICIARIES OF SUCH GRANTS MAY ALSO INCLUDE CHRISTIAN CHURCHES, CHURCH-BASED MINISTRIES, OR OTHER CHRISTIAN MINISTRIES THAT MINISTER TO THOSE AFFECTED BY THE ENUMERATED CAUSES AND CONDITIONS.

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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 $303,342
Program Service Revenue $0
Investment Income $704
Other Revenue $-71
TOTAL REVENUE $303,975

Expense Breakdown

Grants Paid $68,751
Salaries & Benefits $35,611
Fundraising Expenses $6,532
Program Expenses $208,577
Other Expenses $198,227
TOTAL EXPENSES $302,589

Year-over-Year Comparison

2023 2022 Change
Revenue $303,975 $361,175 -0.2%
Expenses $302,589 $247,792 +0.2%
Net Income $1,386 $113,383 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
10

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
4
$35,611
Total Directors
4
$35,611
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT L RUSSELL CHAIRMAN 20.00
Officer Director
$20,461 $0 $20,461
C KENT HATFIELD VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
JACK COFFEE TREASURER 10.00
Officer Director
$750 $0 $750
THOMAS ELLSWORTH PRESIDENT 20.00
Officer Director
$14,400 $0 $14,400
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 $303,975 $302,589 $475,897 $1,386
2022 $361,175 $247,792 $496,069 $113,383
2021 $449,650 $453,609 $359,406 $-3,959
2020 $288,860 $254,590 $361,858 $34,270
2019 $258,700 $267,461 $325,051 $-8,761
2018 $474,791 $553,102 $333,659 $-78,311
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