ACADEMY OF PREACHERS INC

EIN: 462063948 501(c)(3)

LEXINGTON, KY

Total Revenue
$142,011
Total Expenses
$323,033
Total Assets
N/A
Net Assets
N/A
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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
KY
Principal Officer
CONWAY STONE
Phone
8592298642
Tax Period
2018-07-01 to 2019-06-30

ACADEMY OF PREACHERS INC, founded in 2013, is a small nonprofit that reported $142K in total revenue in fiscal year 2018. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $323K exceeded revenue, resulting in a 127% operating deficit.

Mission

TO IDENTIFY, NETWORK, SUPPORT AND INSPIRE YOUNG PEOPLE IN THEIR CALL TO GOSPEL PREACHING.

Program Service Accomplishments

Program 1
Expenses: $235,304 Revenue: $70,958

THE ORGANIZATION HOSTS NATIONAL FESTIVALS OF YOUNG PREACHERS IN MULTIPLE LOCATIONS THROUGHOUT THE YEAR. THE PRIMARY GOAL IS TO SUPPORT INDIVIDUALS WITH A CALL TO THE MINISTRY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $48,499
Program Service Revenue $91,208
Investment Income $63
Other Revenue $2,241
TOTAL REVENUE $142,011

Expense Breakdown

Grants Paid $2,772
Salaries & Benefits $144,707
Fundraising Expenses $0
Program Expenses $235,304
Other Expenses $175,554
TOTAL EXPENSES $323,033

Year-over-Year Comparison

2018 2017 Change
Revenue $142,011 $638,260 -0.8%
Expenses $323,033 $446,425 -0.3%
Net Income $-181,022 $191,835 -1.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
8
Volunteers
17

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
2
$56,553
Total Directors
7
$56,553
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONWAY STONE CHAIRMAN 2.50
Officer Director
$0 $0 $0
TORY BAUCUM DIRECTOR 2.50
Director
$0 $0 $0
AMOS JONES DIRECTOR 2.50
Director
$0 $0 $0
ROY CRAFT DIRECTOR 2.50
Director
$0 $0 $0
DARLENE HUTTO DIRECTOR 2.50
Director
$0 $0 $0
ERNEST BROOKS PRESIDENT AND CEO 40.00
Officer Director
$45,553 $11,000 $56,553
DWIGHT A MOODY DIRECTOR 2.50
Director
$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
2019 $142,011 $323,033 No data $-181,022
2018 $638,260 $446,425 $201,920 $191,835
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