LARRY THOMPSON MINISTRIES INC

EIN: 472106209 501(c)(3) Religion

HOLLYWOOD, FL

Total Revenue
$159,082
Total Expenses
$168,436
Total Assets
$463,646
Net Assets
$444,339
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
JIM BENNETT
Tax Period
2021-01-01 to 2021-12-31

LARRY THOMPSON MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $159K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $444K represent 34 months of operating reserves.

Mission

PREACH THE GOSPEL OF JESUS CHRIST

Program Service Accomplishments

Program 1
Expenses: $144,624

DURING 2021 THIS ORGANIZATION LARRY THOMPSON MINISTRIES, INC. AKA FAITH FOUNDRY MENTORED THREE (3) EARLY-CAREER PASTORS IN THE UNITED STATES. THE MENTORSHIP INCLUDED COACHING CALLS AND WEBINARS. THE...

Read more

DURING 2021 THIS ORGANIZATION LARRY THOMPSON MINISTRIES, INC. AKA FAITH FOUNDRY MENTORED THREE (3) EARLY-CAREER PASTORS IN THE UNITED STATES. THE MENTORSHIP INCLUDED COACHING CALLS AND WEBINARS. THE ANNUAL TRIPS TO NICARAGUA AND ISRAEL WERE CURTAILED DUE TO THE COVID EPIDEMIC. FAITH FOUNDRY SPOKE IN CHURCHES AND LOCAL BIBLE STUDY GROUPS DURING THE YEAR ON BEHALF OF THE ORGANIZATION. ALSO, PROVIDED LEADERSHIP IN WEDDINGS, FUNERALS AND COUNSELING OF FAMILIES IN SPIRITUAL NEED. SUPPORT & COUNSEL WAS PROVIDED TO PASTORS FROM PAST YEARS OF THE MENTORSHIP, DEALING WITH CONSEQUENCES OF COVID ON CHURCHES LEADERSHIP. PRAYED FOR AND ENCOURAGED MISSIONARIES AS AN EXTENDED SUPPORT.

Program 2
Expenses: $111

FINANCIAL SUPPORT TO MISSIONS AND 501 (C)(3) ORGANIZATIONS TO ASSIST THEM WITH THEIR ESTABLISHED PURPOSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $158,903
Program Service Revenue $0
Investment Income $0
Other Revenue $179
TOTAL REVENUE $159,082

Expense Breakdown

Grants Paid $111
Salaries & Benefits $136,402
Fundraising Expenses $0
Program Expenses $144,735
Other Expenses $31,923
TOTAL EXPENSES $168,436

Year-over-Year Comparison

2021 2020 Change
Revenue $159,082 $318,466 -0.5%
Expenses $168,436 $183,105 -0.1%
Net Income $-9,354 $135,361 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
7
Employees
2
Volunteers
10

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
6
$123,867
Total Directors
8
$123,867
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY THOMPSON CEOEXECUTIVE DIRCTOR 40.00
Officer Director
$45,940 $23,760 $69,700
CYNTHIA S THOMPSON ASSOCIATE EXECUTIVE DIRECTOR 0.00
Officer Director
$54,167 $0 $54,167
BOBBY CLAYTON TRUSTEEDIRECTOR 0.00
Director
$0 $0 $0
CELIA WALLACE DIRECTOR 0.00
Director
$0 $0 $0
VAUGHN DRINKARD VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JIM BENNETT PRESIDENT 0.00
Officer Director
$0 $0 $0
BELINDA LAWRENCE TREASURER 2.00
Officer Director
$0 $0 $0
AMI T ROYLE SECRETARY 0.00
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
2021 $159,082 $168,436 $463,646 $-9,354
2020 $318,466 $183,105 $468,304 $135,361
2019 $255,458 $253,768 $322,208 $1,690
2018 $264,612 $230,032 $314,860 $34,580
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LARRY THOMPSON MINISTRIES INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.