LIVE YOUR MISSION INCORPORATED

EIN: 463382821 501(c)(3) Religion

North Port, FL

Total Revenue
$320,800
Total Expenses
$384,556
Total Assets
$19,826
Net Assets
$19,826
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CO
Principal Officer
Jim Phillips
Phone
3033240061
Tax Period
2024-01-01 to 2024-12-31

LIVE YOUR MISSION INCORPORATED, founded in 2013, is a small nonprofit in the Religion sector that reported $321K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $385K exceeded revenue, resulting in a 20% operating deficit.

Mission

Educational classes, seminars, retreats, and church services to train and equip under-resourced leaders. Support to orphans and widows, and to young people caught in sex trafficking.

Program Service Accomplishments

Program 1
Expenses: $98,340 Revenue: $37,570

Camp Kenya: We continued our partnership with Live Your Mission of Kenya to begin plans to develop a strong Youth Camp in Northwest Kenya, Vihiga region. Building set to begin in early 2025. During...

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Camp Kenya: We continued our partnership with Live Your Mission of Kenya to begin plans to develop a strong Youth Camp in Northwest Kenya, Vihiga region. Building set to begin in early 2025. During four months of the year this will serve as a Youth Camp. During the other eight months of the year it will be a strategic place for leadership development, discipleship, and growth for Marked Men for Christ.

Program 2
Expenses: $38,978 Revenue: $750

In East Africa we supplied training Manuals and Lessons for Relational Evangelism and Discipleship to over 1,500 people. Over 4,200 people have been baptized into Christ.

Program 3
Expenses: $24,153 Revenue: $5,916

In Ethiopia we were blessed to expand our Relational Evangelism Training to several denominations open to learn from the growth that is happening through our Trainers being led by Dr. Abinet Erbelo...

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In Ethiopia we were blessed to expand our Relational Evangelism Training to several denominations open to learn from the growth that is happening through our Trainers being led by Dr. Abinet Erbelo. His servant leadership has led to growth of 43 churches with over 20,000 disciples.

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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 $320,800
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $320,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,011
Fundraising Expenses $19,875
Program Expenses $329,652
Other Expenses $249,545
TOTAL EXPENSES $384,556

Year-over-Year Comparison

2024 2023 Change
Revenue $320,800 $238,162 +0.3%
Expenses $384,556 $291,335 +0.3%
Net Income $-63,756 $-53,173 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
50

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
$57,011
Total Directors
2
$0
Key Employees
1
$57,011
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James L Phillips President 50
Officer Key Emp Highest
$57,011 $0 $57,011
Donna Patterson Secretary 1
Director
$0 $0 $0
Jason Green Treasurer 1
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
2024 $320,800 $384,556 $19,826 $-63,756
2023 $238,162 $291,335 $83,582 $-53,173
2022 $343,713 $320,217 $136,755 $23,496
2021 $257,050 $213,981 $113,259 $43,069
2020 $206,910 $215,517 $70,190 $-8,607
2019 $289,907 $226,702 $78,797 $63,205
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