Explore Ministries Inc

EIN: 471696560 501(c)(3) Philanthropy & Grantmaking

Little Rock, AR

Total Revenue
$340,878
Total Expenses
$310,855
Total Assets
$379,751
Net Assets
$379,751
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Tax Period
2023-01-01 to 2023-12-31

EXPLORE MINISTRIES INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $391K in total revenue in fiscal year 2021. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 25% operating margin.

Mission

To create safe, comfortable places for people in Central Arkansas to engage in meanigful conversations about the big questions of life and God and to equip people to do the same through forums,small groups, and one on one discussions.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $328,460
Program Service Revenue $0
Investment Income $12,418
Other Revenue $0
TOTAL REVENUE $340,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $297,965
Fundraising Expenses $0
Program Expenses $310,855
Other Expenses $12,890
TOTAL EXPENSES $310,855

Year-over-Year Comparison

2023 2022 Change
Revenue $340,878 $340,878 N/A
Expenses $310,855 $310,855 N/A
Net Income $30,023 $30,023 N/A
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
6
Independent Members
5
Employees
1
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
3
$256,058
Total Directors
3
$0
Key Employees
1
$256,058
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randy Likens Executive Director 80.00
Officer Key Emp Highest
$256,058 $0 $256,058
George Wilkerson Board Member 0.00
Director
$0 $0 $0
Brent Staley Board Member 0.00
Director
$0 $0 $0
Mark Wilson Board Member 0.00
Director
$0 $0 $0
John Denery Finance Director 0.00
Officer
$0 $0 $0
Trevor Holbert Finance Director 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 No data No data No data No data
2023 $340,878 $310,855 $379,751 $30,023
2021 $391,177 $292,310 $277,224 $98,867
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