SPREAD TRUTH MINISTRIES INC (EIN 371414019) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

WILLIAM MCCORKLE

Phone

3094523213

Tax Period

2024-01-01 to 2024-12-31

SPREAD TRUTH MINISTRIES INC, founded in 2006, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 18% operating margin.

Mission

SPREAD TRUTH DEVELOPS TRAINING MATERIALS AND RESOURCES TO HELP CHRISTIANS CONFIDENTLY SHARE CHRIST IN RELEVANT AND LOVING WAYS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,575,250

Program Service Revenue $222,315

Investment Income $5,604

Other Revenue $-9,052

TOTAL REVENUE $1,794,117

Expense Breakdown

Grants Paid $379,407

Salaries & Benefits $573,238

Fundraising Expenses $293,110

Program Expenses $1,071,021

Other Expenses $513,366

TOTAL EXPENSES $1,466,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,794,117	$1,357,946	+0.3%
Expenses	$1,466,011	$1,252,633	+0.2%
Net Income	$328,106	$105,313	+2.1%

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

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

$84,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCCORKLE	EXECUTIVE DIRECTOR	40.00	Officer	$80,908	$3,936	$84,844
KEVAN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KAREN RIGSBY	DIRECTOR	1.00	Director	$0	$0	$0
MATT HORINE	DIRECTOR	1.00	Director	$0	$0	$0
LUKE HOLDERBY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JACKSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY HALL	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BEN MENGARELLI	TREASURER	1.00	Officer Director	$0	$0	$0
ED SCEARCE	SECRETARY	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
2024	$1,794,117	$1,466,011	$828,361	$328,106
2023	$1,357,946	$1,252,633	$454,783	$105,313
2022	$927,239	$1,004,443	$329,205	$-77,204
2021	$1,155,700	$946,543	$480,966	$209,157
2020	$898,761	$886,484	$263,904	$12,277

SPREAD TRUTH MINISTRIES INC