Beverly Smith Ministries

EIN: 561954101 501(c)(3) Religion

Charlotte, NC

Total Revenue
$150,746
Total Expenses
$125,547
Total Assets
$148,207
Net Assets
$95,207
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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
2001
Legal Domicile
NC
Principal Officer
Beverly Smith
Phone
7049475100
Tax Period
2024-01-01 to 2024-12-31

Beverly Smith Ministries, founded in 2001, is a small nonprofit in the Religion sector that reported $151K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 17% operating margin.

Mission

Our faith based organization serves the community, families, youth and the elderly with training programs and seminars in a variety of areas, including christian bible teaching, mentoring, tutoring and life training.

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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 $145,617
Program Service Revenue $1,610
Investment Income $3,519
Other Revenue $0
TOTAL REVENUE $150,746

Expense Breakdown

Grants Paid $8,973
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,583
Other Expenses $116,574
TOTAL EXPENSES $125,547

Year-over-Year Comparison

2024 2023 Change
Revenue $150,746 $134,859 +0.1%
Expenses $125,547 $137,774 -0.1%
Net Income $25,199 $-2,915 -9.6%
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
N/A
Volunteers
15

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
2
$13,880
Total Directors
5
$13,880
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beverly Smith President 30.00
Officer Director
$7,940 $0 $7,940
Sandra Waller Vice President 2.00
Officer Director
$5,940 $0 $5,940
Bryan Reid Director 1.00
Director
$0 $0 $0
James Smith Director 1.00
Director
$0 $0 $0
Lillie Belle Moore 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 $150,746 $125,547 $148,207 $25,199
2023 $134,859 $137,774 $123,008 $-2,915
2022 $118,181 $102,408 $125,923 $15,773
2021 No data No data No data No data
2021 $116,693 $100,868 $110,150 $15,825
2020 $106,291 $97,378 $94,325 $8,913
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