Victory Center Ministries Inc

EIN: 421295127 501(c)(3) Religion

Clinton, IA

Total Revenue
$1,294,806
Total Expenses
$1,261,445
Total Assets
$899,040
Net Assets
$466,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IA
Phone
5632429016
Tax Period
2024-01-01 to 2024-12-31

Victory Center Ministries Inc, founded in 1992, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Victory Center Ministries is dedicated to providing services for families, men, and women with children in need. Most importantly, a caring and supportive environment is provided where lives are changed and individuals regain their self-esteem.

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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 $1,263,700
Program Service Revenue $28,805
Investment Income $0
Other Revenue $2,301
TOTAL REVENUE $1,294,806

Expense Breakdown

Grants Paid $840,471
Salaries & Benefits $116,948
Fundraising Expenses $26,166
Program Expenses $1,197,339
Other Expenses $287,648
TOTAL EXPENSES $1,261,445

Year-over-Year Comparison

2024 2023 Change
Revenue $1,294,806 $1,184,893 +0.1%
Expenses $1,261,445 $1,428,729 -0.1%
Net Income $33,361 $-243,836 -1.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
6
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
4
$44,348
Total Directors
4
$44,348
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fidel Henderson Treasurer 0.00
Officer Director
$25,500 $0 $25,500
Apostle Ray Gimenez PresidentChairman 0.00
Officer Director
$18,848 $0 $18,848
Jon Easlick Board Member 0.00
Director
$0 $0 $0
Steve Harmon Secretary 0.00
Officer Director
$0 $0 $0
Gene Richter Vice 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
2024 $1,294,806 $1,261,445 $899,040 $33,361
2023 $1,184,893 $1,428,729 $2,494,426 $-243,836
2022 $1,356,305 $643,780 $2,569,460 $712,525
2021 $1,306,388 $574,248 $1,763,263 $732,140
2020 $958,125 $671,951 $1,164,529 $286,174
2019 $566,271 $609,524 $835,430 $-43,253
2018 $1,744,894 $1,852,542 $882,234 $-107,648
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