EMERGE MINISTRIES INC

EIN: 383991166 501(c)(3) Religion

BEULAVILLE, NC

Total Revenue
$178,882
Total Expenses
$280,509
Total Assets
$349,885
Net Assets
$349,482
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
TERRY NORRIS
Phone
9102845994
Tax Period
2024-01-01 to 2024-12-31

EMERGE MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. Expenses of $281K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO MINISTER TO THE EMOTIONAL, PHYSICAL AND SPIRITUAL NEEDS OF ANY AND ALL INDIVIDUALS, FOR THE FURTHERANCE CHRISTIAN RELIGION THROUGH BIBLE DELIVARANCE, BY MEANS OF EVANGELISM, REVIVAL AND RELIGIOUS MEETINGS, RELIGIOUS CORRESPONDENCE, MUSIC AND LITERATURE.

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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 $175,527
Program Service Revenue $3,355
Investment Income $0
Other Revenue $0
TOTAL REVENUE $178,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,648
Fundraising Expenses $0
Program Expenses $279,579
Other Expenses $170,861
TOTAL EXPENSES $280,509

Year-over-Year Comparison

2024 2023 Change
Revenue $178,882 $74,159 +1.4%
Expenses $280,509 $207,987 +0.3%
Net Income $-101,627 $-133,828 -0.2%
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
3
Volunteers
35

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
4
$0
Total Directors
0
$0
Key Employees
1
$60,090
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY NORRIS EXECUTIVE DIRECTOR 40.00
Key Emp
$28,484 $31,606 $60,090
BENNETT HOLLOWAY CHAIR PASTOR 10.00
Officer
$0 $0 $0
JUDY NORRIS MEMBER 10.00
Officer
$0 $0 $0
DR JACK KELLY MEMBER 10.00
Officer
$0 $0 $0
DR CHARLES TRAVIS MEMBER 10.00
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
2024 $178,882 $280,509 $349,885 $-101,627
2023 $74,159 $207,987 $454,080 $-133,828
2022 $540,175 $125,743 $586,502 $414,432
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