CHARLES VANCE MINISTRIES INC

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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

1999

Legal Domicile

Principal Officer

CHARLES VANCE PRESIDENT

Tax Period

2023-01-01 to 2023-12-31

CHARLES VANCE MINISTRIES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $161K in total revenue in fiscal year 2023. Expenses of $229K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROPAGATE THE GOSPEL OF JESUS CHRIST

Program Service Accomplishments

Program 1

Expenses: $229,232

NEW LIFE CHURCH (MINISTERED 4 TIMES)LAFOLLETTE, TN (MINISTERED 1 TIMES)PIGEON FORGE, TN (MEETING TO DISCUSS FUTURE ACTIVITY OF MINISTRY)CENTRAL, FL (POTENTIAL PURCHASE OF MINISTRY PROPERTY) 2 -...

NEW LIFE CHURCH (MINISTERED 4 TIMES)LAFOLLETTE, TN (MINISTERED 1 TIMES)PIGEON FORGE, TN (MEETING TO DISCUSS FUTURE ACTIVITY OF MINISTRY)CENTRAL, FL (POTENTIAL PURCHASE OF MINISTRY PROPERTY) 2 - TIMESCENTRAL, FL (MINISTERED 2 - TIMESSUPPORTED MISSIONS IN HAITIINTERNATIONAL MISSIONS OUTREACH (MINISTERED 1 TIME)PRODUCED AND HOSTED 52-30 MINUTE TELEVISION PROGRAMSPRODUCED AND HOSTED 20 - SHORT VIDEO FOR YOU TUBE AND FACEBOOKPRODUCED APPROXIMATELY - STATIC FACEBOOK POSTSPRODUCED AND DISTRIBUTED APPROXIMATELY 1,200 CDS MINISTERED AT HOPE INTERNATIONAL CHURCH IN CENTRAL FLPURCHASED MINISTRY PROPERTY IN CENTRAL FLCONSULTED AND INSTALLED TV PRODUCTION EQUIPTMENT IN LAFOLLETTE TNCONSULTED ON SITE FOR NEW SOUND EQUIPMENT INSTALLATIONPRODUCED USB FLASH DRIVES WITH TEACHING AND PREACHINGRECORDED MUSIC CD IN NASHVILLE, TNMOVED MINISTRY OFFICES AND TV STUDIO TO NEW LOCATION TOTAL FUNCTIONAL EXPENSES

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $160,785

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $160,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,232

Other Expenses $229,232

TOTAL EXPENSES $229,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,785	$159,286	+0.0%
Expenses	$229,232	$176,073	+0.3%
Net Income	$-68,447	$-16,787	+3.1%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE STOWERS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
CHARLES VANCE	PRESIDENT	30.00	Officer Highest	$0	$0	$0
CINDY STOWERS	SECTREASURER	2.00	Key Emp	$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	No data	No data	No data	No data
2023	$160,785	$229,232	$67,343	$-68,447
2022	$159,286	$176,073	$135,790	$-16,787
2021	$332,474	$991,051	$152,577	$-658,577
2020	$974,226	$163,072	$811,154	$811,154
2019	$94,898	$100,828	$-2,777	$-5,930
2018	$94,897	$93,332	$3,160	$1,565