AskDrBrown Ministries Inc

EIN: 521864520 501(c)(3) Religion

Concord, NC

Total Revenue
$1,288,936
Total Expenses
$1,455,229
Total Assets
$290,520
Net Assets
$187,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NC
Principal Officer
Dr Michael Brown
Phone
7047823760
Tax Period
2024-01-01 to 2024-12-31

AskDrBrown Ministries Inc, founded in 1994, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

Non-Profit religious to teach 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 (2024)

Revenue Breakdown

Contributions & Grants $1,120,233
Program Service Revenue $0
Investment Income $2,986
Other Revenue $165,717
TOTAL REVENUE $1,288,936

Expense Breakdown

Grants Paid $121,154
Salaries & Benefits $615,045
Fundraising Expenses $0
Program Expenses $1,428,878
Other Expenses $719,030
TOTAL EXPENSES $1,455,229

Year-over-Year Comparison

2024 2023 Change
Revenue $1,288,936 $1,553,222 -0.2%
Expenses $1,455,229 $1,400,058 +0.0%
Net Income $-166,293 $153,164 -2.1%
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
9
Volunteers
40

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
$165,438
Total Directors
5
$234,434
Key Employees
1
$165,438
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Brown President 60.00
Officer Director Key Emp Highest
$50,438 $115,000 $165,438
Jonathan Bernis Director 1.00
Officer Director
$0 $0 $0
Scott Volk Vice President 1.00
Officer Director
$0 $0 $0
Cindy A Panepinto Secretary 40.00
Director
$68,996 $0 $68,996
Ward Simpson Director 1.00
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
2024 $1,288,936 $1,455,229 $290,520 $-166,293
2023 $1,553,222 $1,400,058 $464,522 $153,164
2022 $1,260,422 $1,044,422 $328,573 $216,000
2021 $1,093,353 $974,302 $218,486 $119,051
2020 $1,184,773 $901,110 $271,280 $283,663
2018 $1,027,350 $872,579 $121,237 $154,771
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