TOM FARRELL EVANGELISTIC MINISTRIES INC

EIN: 561703112 501(c)(3) Religion

LEXINGTON, NC

Total Revenue
$161,436
Total Expenses
$37,870
Total Assets
$901,213
Net Assets
$901,213
🔒

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
1990
Legal Domicile
NC
Principal Officer
BEN FARRELL
Phone
8646309200
Tax Period
2024-01-01 to 2024-12-31

TOM FARRELL EVANGELISTIC MINISTRIES INC, founded in 1990, is a small nonprofit in the Religion sector that reported $161K in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 77% operating margin.

Mission

MINISTRY TO BIBLE COLLEGES, CHURCHES AND CAMPS ON A FREE WILL LOVE OFFERINGS, PREACHING TO LOCAL CONGREATIONS AND ASSEMBLIES. ALSO MISSION TRIPS TO SUPPORT LOCAL MISSIONARY PASTORS AND CHURCHES

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $60,273
Program Service Revenue $0
Investment Income $101,163
Other Revenue $0
TOTAL REVENUE $161,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,000
Fundraising Expenses $0
Program Expenses $37,870
Other Expenses $13,870
TOTAL EXPENSES $37,870

Year-over-Year Comparison

2024 2023 Change
Revenue $161,436 $70,240 +1.3%
Expenses $37,870 $38,029 0.0%
Net Income $123,566 $32,211 +2.8%
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
3
Independent Members
3
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
3
$18,000
Total Directors
3
$18,000
Key Employees
1
$18,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN FARRELL EXEC DIR 002.00
Officer Director Key Emp
$18,000 $0 $18,000
DR KEN COLLIER BD MEMBER 001.00
Officer Director
$0 $0 $0
ATTY RICHARD PATTSON BD MEMBER 001.00
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
2024 $161,436 $37,870 $901,213 $123,566
2023 $70,240 $38,029 $777,647 $32,211
2022 $59,468 $36,975 $745,437 $22,493
2021 $85,830 $198,462 $722,944 $-112,632
2020 $202,021 $210,944 $835,576 $-8,923
2019 $302,911 $250,933 $844,498 $51,978
2018 $292,756 $223,026 $790,752 $69,730
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare TOM FARRELL EVANGELISTIC MINISTRIES INC with other nonprofits in North Carolina 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.