UNITED FAITH MINISTRIES INC

EIN: 364948535 501(c)(3) Religion

NORFOLK, VA

Total Revenue
$49,339,688
Total Expenses
$53,758,553
Total Assets
$11,613,982
Net Assets
$-8,867,529
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Phone
7577033553
Tax Period
2023-01-01 to 2023-12-31

UNITED FAITH MINISTRIES INC, founded in 2019, is a mid-sized nonprofit in the Religion sector that reported $34.8M in total revenue in fiscal year 2020. Expenses of $30.3M left a modest 13% surplus.

Mission

UNITED FAITH MINISTRIES INC. IS A NOT-FOR-PROFIT HEALTH CARE SHARING MINISTRY. IN GENERAL, A HEALTH CARE SHARING MINISTRY IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS SHARE A COMMON SET OF ETHICAL OR RELIGIOUS BELIEFS AND SHARE MEDICAL EXPENSES IN ACCORDANCE WITH THOSE BELIEFS, EVEN AFTER A MEMBER DEVELOPS A MEDICAL CONDITION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,931,463
Investment Income $408,225
Other Revenue $0
TOTAL REVENUE $49,339,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,590,918
Fundraising Expenses $0
Program Expenses $45,007,188
Other Expenses $45,167,635
TOTAL EXPENSES $53,758,553

Year-over-Year Comparison

2023 2022 Change
Revenue $49,339,688 $51,619,333 0.0%
Expenses $53,758,553 $50,468,944 +0.1%
Net Income $-4,418,865 $1,150,389 -4.8%
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
8
Employees
148
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
1
$350,324
Total Directors
10
$641,152
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER JIN PRESIDENT/CEO 40.00
Officer Director
$350,324 $0 $350,324
ANDREW DOWNER BUS. ANALYST 40.00
Director
$290,828 $0 $290,828
JIMAN KIM VP OPERATIONS 40.00
$200,360 $0 $200,360
MOLLY M RANSONE DIR. OF TECHNOLOGY 40.00
$166,107 $0 $166,107
HILLARY L NESER DIR. QUALITY ASSUR 40.00
$163,325 $0 $163,325
KYLE R KLOPP DIR. OF SYSTEMS 40.00
$163,125 $0 $163,125
KHANG B NGUYEN VP COMMUN. GROWTH 40.00
$161,284 $0 $161,284
JAMES GRASS VICE CHAIR 0.00
Director
$0 $0 $0
STEVEN LENTZ Director 0.00
Director
$0 $0 $0
DAVID KIM CHAPLAIN 0.00
Director
$0 $0 $0
DEIRDRE O'NEIL MANCHIN Director 0.00
Director
$0 $0 $0
JACQUIE BLAIR Secretary 0.00
Director
$0 $0 $0
CARLOS OREGON Director 0.00
Director
$0 $0 $0
DEANNE WARD Director 0.00
Director
$0 $0 $0
MOHAMMED ZAYED Treasurer 0.00
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 No data No data No data No data
2023 $49,339,688 $53,758,553 $11,613,982 $-4,418,865
2022 $51,619,333 $50,468,944 $9,133,978 $1,150,389
2022 $51,794,085 $49,154,280 $11,451,021 $2,639,805
2021 $50,029,760 $52,435,328 $10,805,826 $-2,405,568
2021 $54,104,434 $60,810,318 $10,758,290 $-6,705,884
2020 $34,831,681 $30,300,493 $13,190,374 $4,531,188
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