Vessels Of Mercy Ministries Inc

EIN: 383332422 501(c)(3) Religion

Fair Haven, MI

Total Revenue
$202,082
Total Expenses
$238,725
Total Assets
$100,375
Net Assets
$100,375
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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
1997
Legal Domicile
MI
Phone
9896702317
Tax Period
2024-01-01 to 2024-12-31

Vessels Of Mercy Ministries Inc, founded in 1997, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $239K exceeded revenue, resulting in a 18% operating deficit.

Mission

Missionay trips to foreign countries to help with deaf schools and medical help Also books are translated into foreign languages

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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 $201,388
Program Service Revenue $0
Investment Income $694
Other Revenue $0
TOTAL REVENUE $202,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,000
Fundraising Expenses $0
Program Expenses $238,725
Other Expenses $184,725
TOTAL EXPENSES $238,725

Year-over-Year Comparison

2024 2023 Change
Revenue $202,082 $218,443 -0.1%
Expenses $238,725 $204,140 +0.2%
Net Income $-36,643 $14,303 -3.6%
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
6
Independent Members
6
Employees
1
Volunteers
10

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert T McCoy President 0.00
Officer
$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 $202,082 $238,725 $100,375 $-36,643
2023 $218,442 $408,278 $137,017 $-189,836
2022 $217,845 $234,489 $122,816 $-16,644
2021 $247,430 $290,253 $139,461 $-42,823
2020 $307,435 $255,570 $181,006 $51,865
2019 $223,257 $231,956 $129,140 $-8,699
2018 $276,033 $245,330 $147,739 $30,703
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