Jerry Spencer Ministries Inc

EIN: 470866864 501(c)(3) Religion

Dothan, AL

Total Revenue
$278,787
Total Expenses
$261,245
Total Assets
$50,943
Net Assets
$49,543
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
AL
Principal Officer
Jerry L Spencer
Phone
7316079911
Tax Period
2023-01-01 to 2023-12-31

Jerry Spencer Ministries Inc, founded in 2002, is a small nonprofit in the Religion sector that reported $279K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $261K left a modest 6% surplus.

Mission

The purpose of this organization is to spread the word of God through ministry and evangelism.

Program Service Accomplishments

Program 1
Expenses: $144,274

Spread the word of God through ministry and evangelism through foreign mission field and church revivals.

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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 $278,732
Program Service Revenue $0
Investment Income $55
Other Revenue $0
TOTAL REVENUE $278,787

Expense Breakdown

Grants Paid $108,697
Salaries & Benefits $76,976
Fundraising Expenses $0
Program Expenses $144,274
Other Expenses $75,572
TOTAL EXPENSES $261,245

Year-over-Year Comparison

2023 2022 Change
Revenue $278,787 $163,596 +0.7%
Expenses $261,245 $216,890 +0.2%
Net Income $17,542 $-53,294 -1.3%
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
3
Independent Members
N/A
Employees
1
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
3
$76,126
Total Directors
3
$76,126
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry L Spencer President 40.00
Officer Director
$76,126 $0 $76,126
Van Spencer Secretary 40.00
Officer Director
$0 $0 $0
Melba Williams Treasurer 5.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $278,787 $261,245 $50,943 $17,542
2022 $163,596 $216,890 $33,401 $-53,294
2021 $280,882 $236,768 $86,695 $44,114
2020 $197,741 $168,021 $87,584 $29,720
2019 $201,930 $190,469 $62,248 $11,461
2018 $208,260 $231,113 $57,120 $-22,853
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