Kenneth Phillips Ministries Inc

EIN: 463885034 501(c)(3) Unknown

Austin, TX

Total Revenue
$58,338
Total Expenses
$189,518
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
TX
Principal Officer
Kenneth Phillips
Phone
5124586301
Tax Period
2023-01-01 to 2023-12-31

Kenneth Phillips Ministries Inc, founded in 2013, is a micro nonprofit in the Unknown sector that reported $58K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 225% operating deficit.

Mission

To spread the Gospel of Jesus Christ

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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 $57,852
Program Service Revenue $0
Investment Income $486
Other Revenue $0
TOTAL REVENUE $58,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,078
Fundraising Expenses $0
Program Expenses $188,131
Other Expenses $139,440
TOTAL EXPENSES $189,518

Year-over-Year Comparison

2023 2022 Change
Revenue $58,338 $202,357 -0.7%
Expenses $189,518 $210,256 -0.1%
Net Income $-131,180 $-7,899 +15.6%
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
1
Employees
N/A
Volunteers
5

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
$48,260
Total Directors
6
$48,260
Key Employees
2
$48,260
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth Phillips President 30.00
Officer Director Key Emp
$24,500 $0 $24,500
Randy Phillips Vice President 5.00
Officer Director
$0 $0 $0
Karen Phillips Secretary 40.00
Officer Director Key Emp Highest
$23,760 $0 $23,760
Wilburn Neyland Treasurer 10.00
Officer Director
$0 $0 $0
Wanda Phillips Director 2.00
Director
$0 $0 $0
Frianita Wilson Director 2.00
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
2023 $58,338 $189,518 No data $-131,180
2022 $202,357 $210,256 $131,180 $-7,899
2021 $33,917 $406,203 $139,079 $-372,286
2020 $104,165 $307,235 $513,382 $-203,070
2019 $1,032,407 $444,126 $689,751 $588,281
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