LOGOS MINISTRIES INC

EIN: 550737517 501(c)(3) Education

HUNTINGTON, WV

Total Revenue
$2,912,532
Total Expenses
$2,616,777
Total Assets
$3,704,067
Net Assets
$1,627,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
WV
Principal Officer
WESLEY RICHARDSON
Phone
3047816741
Tax Period
2024-07-01 to 2025-06-30

LOGOS MINISTRIES INC, founded in 1994, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 10% surplus.

Mission

NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO PROVIDE A DISTINCTIVELY CHRISTIAN EDUCATION USING THE CLASSICAL TRIVIUM AND THE SYSTEMATIC APPLICATION OF BIBLICAL PRINCIPLES.

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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 $203,429
Program Service Revenue $2,681,559
Investment Income $34,314
Other Revenue $-6,770
TOTAL REVENUE $2,912,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,654,681
Fundraising Expenses $0
Program Expenses $1,999,801
Other Expenses $962,096
TOTAL EXPENSES $2,616,777

Year-over-Year Comparison

2024 2023 Change
Revenue $2,912,532 $2,405,723 +0.2%
Expenses $2,616,777 $2,264,135 +0.2%
Net Income $295,755 $141,588 +1.1%
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
10
Independent Members
10
Employees
63
Volunteers
45

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
$133,900
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG HEFNER HEAD OF SCHO 40.00
Officer
$130,000 $3,900 $133,900
RORY CHAPMAN SECRETARY 0.50
Officer Director
$0 $0 $0
BRYON COLLIER MEMBER 0.50
Director
$0 $0 $0
DAVID FOX VICE CHAIR 0.50
Officer Director
$0 $0 $0
JOHN LAFEAR MEMBER 0.50
Director
$0 $0 $0
DAVID NICHOLAS MEMBER 0.50
Director
$0 $0 $0
ABBY REALE MEMBER 0.50
Director
$0 $0 $0
WESLEY RICHARDSON CHAIRMAN OF 0.50
Officer Director
$0 $0 $0
BARRY TAYLOR MEMBER 0.50
Director
$0 $0 $0
TRACY TEAMS TREASURER 0.50
Officer Director
$0 $0 $0
MARY ALICE YINGLING MEMBER 0.50
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 $2,912,532 $2,616,777 $3,704,067 $295,755
2024 $2,405,723 $2,264,135 $5,472,323 $141,588
2023 $2,336,902 $1,770,088 $3,109,821 $566,814
2022 $1,490,295 $1,426,915 $2,212,203 $63,380
2021 $1,136,043 $1,031,779 $1,741,921 $104,264
2020 $994,534 $897,156 $816,973 $97,378
2019 $947,226 $944,110 $883,619 $3,116
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