USEFUL MINISTRIES INCORPORATED

EIN: 454702803 501(c)(3) Religion

Norcross, GA

Total Revenue
$16,313
Total Expenses
$16,078
Total Assets
$-3,728
Net Assets
$-3,728
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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
2012
Legal Domicile
GA
Tax Period
2023-01-01 to 2023-12-31

USEFUL MINISTRIES INCORPORATED, founded in 2012, is a micro nonprofit in the Religion sector that reported $16K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO HAVE GENERATIONS OF CHRISTIANS DOING WHAT THEY ARE MADE TO DO HERE ON EARTH; AS THEY LIVE IN OBEDIENCE TO GOD, USING ULTIMATE SUCCESS ESSENTIALS AS THEY LEAD IN SERVING THEIR HOME, CHURCH, COMMUNITY AND WORLD

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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 $16,313
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $16,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,078
Other Expenses $16,078
TOTAL EXPENSES $16,078

Year-over-Year Comparison

2023 2022 Change
Revenue $16,313 $18,589 -0.1%
Expenses $16,078 $22,677 -0.3%
Net Income $235 $-4,088 -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
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD J MCPHAIL PRESIDENT 5.00
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
2023 $16,313 $16,078 $-3,728 $235
2022 $18,589 $22,677 $-3,963 $-4,088
2021 $6,941 $22,595 $125 $-15,654
2020 $10,469 $3,727 $15,779 $6,742
2019 $3,542 $969 $9,037 $2,573
2018 $6,576 $4,600 $6,464 $1,976
2017 $13,089 $12,432 $4,488 $657
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