Vapor Ministries Inc

EIN: 264463549 501(c)(3) Human Services

Sylacauga, AL

Total Revenue
$12,083,755
Total Expenses
$10,568,035
Total Assets
$14,247,127
Net Assets
$11,224,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AL
Principal Officer
Johnathon M McElveen
Phone
2562082061
Tax Period
2024-01-01 to 2024-12-31

Vapor Ministries Inc, founded in 2009, is a mid-sized nonprofit in the Human Services sector that reported $12.1M in total revenue in fiscal year 2024. Expenses of $10.6M left a modest 13% surplus.

Mission

Establish sustainable centers for alleviating poverty and multiplying disciples in third-world environments.

Program Service Accomplishments

Program 1
Expenses: $3,096,120

Vapor Ministries, Inc. makes grants to Vapor Sports Ministries, Inc., a related tax exempt charitable organization, which operates centers for humanitarian aid and disciple-making through...

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Vapor Ministries, Inc. makes grants to Vapor Sports Ministries, Inc., a related tax exempt charitable organization, which operates centers for humanitarian aid and disciple-making through sports-based outreach. These centers are located in Nairobi, Kenya; N'gong, Kenya; Togoville, Togo; Dilaire, Haiti; Ferrier, Haiti; and Quanaminthe, Haiti. At these centers, Vapor Sports Ministries, Inc. provides full-time jobs for impoverished individuals, provides impoverished children with free-of-charge memberships in sports leagues, supplies critical care humanitarian aid grants and supplies high volumes of clean water to these communities.

Program 2
Expenses: $4,981,663 Revenue: $5,451,095

Through the sale of donated, second-hand merchandise, via Vapor Thrift Store, LLC, a single-member LLC owned by Vapor Ministries, Inc., resources are generated to fund the program activities of Vapor...

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Through the sale of donated, second-hand merchandise, via Vapor Thrift Store, LLC, a single-member LLC owned by Vapor Ministries, Inc., resources are generated to fund the program activities of Vapor Ministries, Inc.

Program 3
Expenses: $193,662

Child Sponsorship Program - Vapor Ministries, Inc. facilitates the education (including suppling tuition, books, and school uniforms) and physical care of children via its child sponsorship program...

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Child Sponsorship Program - Vapor Ministries, Inc. facilitates the education (including suppling tuition, books, and school uniforms) and physical care of children via its child sponsorship program, by pairing those children up directly with interested donors. Communication directly between donors and sponsored children is facilitated by Vapor Ministries, Inc. as well. Vapor Ministries,Inc. also facilitates the college education of young adults in the same way.

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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 $11,741,001
Program Service Revenue $0
Investment Income $331,715
Other Revenue $11,039
TOTAL REVENUE $12,083,755

Expense Breakdown

Grants Paid $2,944,910
Salaries & Benefits $4,003,526
Fundraising Expenses $672,259
Program Expenses $8,271,445
Other Expenses $3,619,599
TOTAL EXPENSES $10,568,035

Year-over-Year Comparison

2024 2023 Change
Revenue $12,083,755 $11,421,333 +0.1%
Expenses $10,568,035 $10,070,150 +0.0%
Net Income $1,515,720 $1,351,183 +0.1%
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
10
Independent Members
7
Employees
210
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
3
$264,504
Total Directors
10
$264,504
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie Price Treasurer 50.00
Officer Director
$89,606 $0 $89,606
Johnathon M McElveen President 60.00
Officer Director
$85,592 $0 $85,592
Kenneth Polk Board chairman 2.00
Director
$0 $0 $0
Leslie Baldwin Board Member 1.00
Director
$0 $0 $0
Adrianne Johnson Ross Board Member 1.00
Director
$0 $0 $0
John Wright Board Member 1.00
Director
$0 $0 $0
Amy Hanks Board Member 1.00
Director
$0 $0 $0
Sommer L'Hoste VIce President and Secreta 50.00
Officer Director
$89,306 $0 $89,306
Coby Orr Board Member 1.00
Director
$0 $0 $0
Bryson Kessler Board Member 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
2024 $12,083,755 $10,568,035 $14,247,127 $1,515,720
2023 $11,421,333 $10,070,150 $12,703,173 $1,351,183
2022 $8,896,160 $7,906,161 $11,359,573 $989,999
2021 $9,129,570 $6,166,152 $7,649,507 $2,963,418
2020 $6,498,959 $4,874,938 $4,623,186 $1,624,021
2019 $4,585,947 $4,380,805 $2,853,247 $205,142
2018 $3,841,079 $3,885,407 $2,645,803 $-44,328
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