MATTHEWS MINISTRY INC

EIN: 274180896 501(c)(3) Food, Agriculture & Nutrition

SOUTHPORT, NC

Total Revenue
$335,206
Total Expenses
$257,587
Total Assets
$861,531
Net Assets
$858,834
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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
2010
Legal Domicile
NC
Principal Officer
KRISTIE DISBROW
Phone
9107132043
Tax Period
2024-01-01 to 2024-12-31

MATTHEWS MINISTRY INC, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $335K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 23% operating margin.

Mission

PROVIDE FOOD FOR CHRONICALLY HUNGRY AND FOOD INSECURE CHILDREN IN BRUNSWICK COUNTY NORTH CAROLINA

Program Service Accomplishments

Program 1
Expenses: $212,374

WORKING IN COLLABORATION WITH THE PUBLIC SCHOOL SYSTEM, MATTHEW'S MINISTRY PROVIDES FOOD IN A BACKPACK WEEKLY TO 585 FOOD INSECURE CHILDREN IN BRUNSWICK COUNTY NORTH CAROLINA. THE FOOD IS DISTRIBUTED...

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WORKING IN COLLABORATION WITH THE PUBLIC SCHOOL SYSTEM, MATTHEW'S MINISTRY PROVIDES FOOD IN A BACKPACK WEEKLY TO 585 FOOD INSECURE CHILDREN IN BRUNSWICK COUNTY NORTH CAROLINA. THE FOOD IS DISTRIBUTED TO THE CHILDREN BEFORE THEY LEAVE FOR THE WEEKEND DURING THE SCHOOL YEAR.

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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 $276,458
Program Service Revenue $0
Investment Income $38,000
Other Revenue $20,748
TOTAL REVENUE $335,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,213
Fundraising Expenses $0
Program Expenses $212,374
Other Expenses $212,374
TOTAL EXPENSES $257,587

Year-over-Year Comparison

2024 2023 Change
Revenue $335,206 $443,298 -0.2%
Expenses $257,587 $245,212 +0.1%
Net Income $77,619 $198,086 -0.6%
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
5
Employees
1
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
$42,000
Total Directors
6
$42,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIE DISBROW PRESIDENT 40.00
Officer Director
$42,000 $0 $42,000
TERRY EASON TREASURER 1.00
Officer Director
$0 $0 $0
ANNE JOYNER MEMBER AT LA 1.00
Director
$0 $0 $0
GREG KLEVA MEMBER AT LA 1.00
Director
$0 $0 $0
JENNIFER ORDONEZ MEMBER AT LA 1.00
Director
$0 $0 $0
SPRING RICHARDSON VICE PRESIDE 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
2025 No data No data No data No data
2024 $335,206 $257,587 $861,531 $77,619
2023 $443,298 $245,212 $792,015 $198,086
2022 $273,697 $251,862 $576,364 $21,835
2021 $266,516 $185,927 $555,560 $80,589
2020 $322,674 $141,429 $473,132 $181,245
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