VIRTUE HOUSE MINISTRIES INC

EIN: 260416039 501(c)(3) Youth Development

LOUISVILLE, IL

Total Revenue
$489,146
Total Expenses
$505,982
Total Assets
$363,731
Net Assets
$17,644
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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
2007
Legal Domicile
IL
Principal Officer
JOSIE PIPERAKIS
Phone
6186654441
Tax Period
2024-01-01 to 2024-12-31

VIRTUE HOUSE MINISTRIES INC, founded in 2007, is a small nonprofit in the Youth Development sector that reported $489K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE AN ALTERNATIVE EDUCATION PROGRAM FOR CHILDREN IN PRESCHOOL THOUGH GRADE TWELVE LOCATED WITHIN THE AREA OF LOUISVILLE, ILLINOIS.

Program Service Accomplishments

Program 1
Expenses: $438,868 Revenue: $276,656

EDUCATION: A CHRISTIAN ACADEMY PROVIDING A CHRIST CENTERED CHRISTIAN EDUCATION CURRICULUM FOR CHILDREN IN PRESCHOOL THROUGH GRADE TWELVE. THERE WERE 118 STUDENTS ENROLLED DURING THE 2023 - 2024...

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EDUCATION: A CHRISTIAN ACADEMY PROVIDING A CHRIST CENTERED CHRISTIAN EDUCATION CURRICULUM FOR CHILDREN IN PRESCHOOL THROUGH GRADE TWELVE. THERE WERE 118 STUDENTS ENROLLED DURING THE 2023 - 2024 SCHOOL YEAR. THERE WERE APPROXIMATELY 220 VOLUNTEERS WITH 668 VOLUNTEER HOURS DOCUMENTED.

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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 $107,008
Program Service Revenue $248,527
Investment Income $0
Other Revenue $133,611
TOTAL REVENUE $489,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $286,919
Fundraising Expenses $0
Program Expenses $438,868
Other Expenses $219,063
TOTAL EXPENSES $505,982

Year-over-Year Comparison

2024 2023 Change
Revenue $489,146 $543,491 -0.1%
Expenses $505,982 $550,778 -0.1%
Net Income $-16,836 $-7,287 +1.3%
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
6
Independent Members
1
Employees
27
Volunteers
220

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
$65,000
Total Directors
6
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW SHELTON PRESIDENT 40.00
Officer Director
$45,000 $0 $45,000
JOSIE PIPERAKIS TREASURER 40.00
Officer Director
$20,000 $0 $20,000
CYNTHIA BAILEY VICE PRESIDENT 40.00
Officer Director
$0 $0 $0
COLE BAILEY DIRECTOR 1.00
Director
$0 $0 $0
MASON BAILEY DIRECTOR 1.00
Director
$0 $0 $0
ABIE SHELTON DIRECTOR 1.00
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 $489,146 $505,982 $363,731 $-16,836
2023 $543,491 $550,778 $393,742 $-7,287
2022 $591,077 $656,732 $415,574 $-65,655
2021 $540,456 $547,413 $487,922 $-6,957
2020 $486,987 $461,571 $504,664 $25,416
2019 $470,268 $439,504 $488,707 $30,764
2018 $468,147 $453,570 $469,677 $14,577
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