NEEDLE'S EYE MINISTRIES INC

EIN: 541057092 501(c)(3)

HENRICO, VA

Total Revenue
$856,844
Total Expenses
$554,706
Total Assets
$2,431,728
Net Assets
$2,208,390
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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
1977
Legal Domicile
VA
Principal Officer
FRANK GOARE
Phone
8043581283
Tax Period
2024-07-01 to 2025-06-30

NEEDLE'S EYE MINISTRIES INC, founded in 1977, is a small nonprofit that reported $857K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $302K, a strong 35% operating margin.

Mission

INTERDENOMINATIONAL CHRISTIAN MINISTRY DIRECTED PRIMARILY TO THE BUSINESS AND PROFESSIONAL COMMUNITY IN THE RICHMOND, VA METROPOLITAN AREA.

Program Service Accomplishments

Program 1
Expenses: $364,888

VARIOUS PROGRAMS DESIGNED TO PROVIDE MINISTRY AND COUNSELING SERVICES PRIMARILY TO THOSE WITHIN THE BUSINESS AND PROFESSIONAL COMMUNITY.

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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 $726,134
Program Service Revenue $29,840
Investment Income $100,870
Other Revenue $0
TOTAL REVENUE $856,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $352,631
Fundraising Expenses $51,457
Program Expenses $364,888
Other Expenses $202,075
TOTAL EXPENSES $554,706

Year-over-Year Comparison

2024 2023 Change
Revenue $856,844 $506,272 +0.7%
Expenses $554,706 $614,980 -0.1%
Net Income $302,138 $-108,708 -3.8%
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
12
Independent Members
12
Employees
5
Volunteers
30

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
4
$149,177
Total Directors
13
$149,177
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORDAN MAROON EXECUTIVE DI 40.00
Officer Director
$112,196 $36,981 $149,177
BOB DELILLE DIRECTOR 1.00
Director
$0 $0 $0
LISA BUTLER VICE CHAIR 1.00
Officer Director
$0 $0 $0
FRANK GOARE TREASURER EX 1.00
Officer Director
$0 $0 $0
TONY ATLAS DIRECTOR 1.00
Director
$0 $0 $0
CHIP BUEHLER DIRECTOR 1.00
Director
$0 $0 $0
GERALD CARTER DIRECTOR 1.00
Director
$0 $0 $0
SUSAN DANIEL DIRECTOR 1.00
Director
$0 $0 $0
SARAH HALE DIRECTOR 1.00
Director
$0 $0 $0
MIKE PATTERSON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS WHITE DIRECTOR 1.00
Director
$0 $0 $0
LUKE SWYGARD DIRECTOR 1.00
Director
$0 $0 $0
ROY WOOD 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
2025 $856,844 $554,706 $2,431,728 $302,138
2024 $506,272 $614,980 $1,960,609 $-108,708
2023 $1,136,103 $705,334 $2,013,476 $430,769
2022 $1,458,314 $649,577 $1,580,056 $808,737
2021 $615,944 $547,855 $791,242 $68,089
2020 $668,258 $696,268 $753,393 $-28,010
2019 $720,131 $660,492 $740,428 $59,639
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