iNGAGE MINISTRIES CORP

EIN: 472252828 501(c)(3) Religion

Waldorf, MD

Total Revenue
$1,250,819
Total Expenses
$1,133,801
Total Assets
$299,646
Net Assets
$299,646
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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
2014
Legal Domicile
MD
Principal Officer
NELSON BOWEN
Phone
3012544296
Tax Period
2024-01-01 to 2024-12-31

iNGAGE MINISTRIES CORP, founded in 2014, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 9% surplus.

Mission

Teaching Ministry / Church

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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 $1,250,808
Program Service Revenue $0
Investment Income $11
Other Revenue $0
TOTAL REVENUE $1,250,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $315,112
Fundraising Expenses $0
Program Expenses $762,210
Other Expenses $818,689
TOTAL EXPENSES $1,133,801

Year-over-Year Comparison

2024 2023 Change
Revenue $1,250,819 $1,088,376 +0.1%
Expenses $1,133,801 $928,695 +0.2%
Net Income $117,018 $159,681 -0.3%
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
5
Independent Members
5
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
5
$309,668
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NELSON BOWEN PRESIDENT 040.00
Officer Highest
$206,868 $0 $206,868
ARCHELLE BOWEN SECRETARY 040.00
Officer
$102,800 $0 $102,800
N/A VICE PRESIDENT 025.00
Officer
$0 $0 $0
DESNEY BOWEN SECRETARY 025.00
Officer
$0 $0 $0
LINDSY MATTHEWS TREASURER 020.00
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 $1,250,819 $1,133,801 $299,646 $117,018
2023 $1,088,376 $928,695 $264,749 $159,681
2022 $953,038 $955,236 $286,132 $-2,198
2021 $833,955 $791,249 $288,330 $42,706
2020 $631,951 $523,473 $484,167 $108,478
2019 $437,113 $359,932 $112,266 $77,181
2018 $351,146 $361,693 $46,750 $-10,547
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