GLOBAL EDUCATION MINISTRIES

EIN: 453111151 501(c)(3) Education

Wilmington, NC

Total Revenue
$901,996
Total Expenses
$898,515
Total Assets
$25,089
Net Assets
$-4,800
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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
2013
Legal Domicile
NC
Tax Period
2023-01-01 to 2023-12-31

GLOBAL EDUCATION MINISTRIES, founded in 2013, is a small nonprofit in the Education sector that reported $902K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

GEM EXISTS TO PLANT SEEDS OF THE GOSPEL INTO THE HEARTS OF STUDENTS AND THEIR FAMILIES AROUND THE WORLD THROUGH QUALITY AFFORDABLE CHISTIAN EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $901,996
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $901,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $430,271
Fundraising Expenses $22,399
Program Expenses $373,618
Other Expenses $468,244
TOTAL EXPENSES $898,515

Year-over-Year Comparison

2023 2022 Change
Revenue $901,996 $781,090 +0.2%
Expenses $898,515 $804,969 +0.1%
Net Income $3,481 $-23,879 -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
9
Independent Members
9
Employees
26
Volunteers
25

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
$48,881
Total Directors
2
$48,881
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY HERRING PRESIDENT 50.00
Officer Director
$48,881 $0 $48,881
MATTHEW SCHROEDER VICE CHAIR 0.00
Director
$0 $0 $0
SCOTT BOSE BOARD MEMBER 0.00
$0 $0 $0
DAVID WILLARD BOARD MEMBER 0.00
$0 $0 $0
JASON FAIRCLOTH BOARD MEMBER 0.00
$0 $0 $0
SAMUEL MATUS TREASURER 0.00
Officer
$0 $0 $0
MEGAN HERRING SECRETARY 0.00
Officer
$0 $0 $0
TIM ELMORE BOARD CHAIR 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 No data No data No data No data
2023 $901,996 $898,515 $25,089 $3,481
2022 $781,090 $804,969 $9,983 $-23,879
2021 $658,686 $685,769 $15,598 $-27,083
2020 $466,837 $473,697 $42,681 $-6,860
2019 $388,118 $381,856 $49,541 $6,262
2019 $388,118 $381,856 $49,541 $6,262
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