JOE PHILLIPS MINISTRIES INC

EIN: 462196839 501(c)(3) Religion

CONCORD, NC

Total Revenue
$299,475
Total Expenses
$274,866
Total Assets
$130,525
Net Assets
$41,326
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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
Principal Officer
ROLLIN J PHILLIPS
Phone
9802293100
Tax Period
2024-01-01 to 2024-12-31

JOE PHILLIPS MINISTRIES INC, founded in 2013, is a small nonprofit in the Religion sector that reported $299K in total revenue in fiscal year 2024. Expenses of $275K left a modest 8% surplus.

Mission

RELIGIOUS

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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 $299,475
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $299,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $274,866
Other Expenses $274,866
TOTAL EXPENSES $274,866

Year-over-Year Comparison

2024 2023 Change
Revenue $299,475 $282,856 +0.1%
Expenses $274,866 $283,242 0.0%
Net Income $24,609 $-386 -64.8%
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
1
Independent Members
1
Employees
N/A
Volunteers
2

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
ROLLIN J PHILLIPS 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 $299,475 $274,866 $130,525 $24,609
2023 $282,856 $283,242 $106,300 $-386
2022 $284,509 $263,316 $112,159 $21,193
2021 $229,569 $250,018 No data $-20,449
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