ECHO MINISTRY

EIN: 562125976 501(c)(3) Religion

Elkin, NC

Total Revenue
$332,214
Total Expenses
$360,587
Total Assets
$839,781
Net Assets
$601,944
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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
1999
Legal Domicile
NC
Principal Officer
LORA EVANS
Phone
3365271637
Tax Period
2024-01-01 to 2024-12-31

ECHO MINISTRY, founded in 1999, is a small nonprofit in the Religion sector that reported $332K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

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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 $333,955
Program Service Revenue $0
Investment Income $2,362
Other Revenue $-4,103
TOTAL REVENUE $332,214

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,588
Fundraising Expenses $0
Program Expenses $259,887
Other Expenses $122,999
TOTAL EXPENSES $360,587

Year-over-Year Comparison

2024 2023 Change
Revenue $332,214 $439,160 -0.2%
Expenses $360,587 $349,248 +0.0%
Net Income $-28,373 $89,912 -1.3%
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
7
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
4
$0
Total Directors
12
$0
Key Employees
2
$88,846
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURENN E SINGLETON EXECUTOR DIRECTOR 40.00
Key Emp
$47,723 $0 $47,723
CYNTHIA A COTHREN GRANT DIRECTOR 30.00
Key Emp
$41,123 $0 $41,123
AMANDA BREWER DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
TONIA SWAIM-GOAD DIRECTOR 1.00
Director
$0 $0 $0
CORY HUTCHENS DIRECTOR 1.00
Director
$0 $0 $0
KIM CARTER DIRECTOR 1.00
Director
$0 $0 $0
PORTIA HAYES DIRECTOR 1.00
Director
$0 $0 $0
GABI ROBISON DIRECTOR 1.00
Director
$0 $0 $0
ANDREA HARDIN DIRECTOR 1.00
Director
$0 $0 $0
LORA EVANS PRESIDENT 1.00
Officer Director
$0 $0 $0
ANITA DARNELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WENDY THOMPSON TREASURER 1.00
Officer Director
$0 $0 $0
MITZIE SETTLE SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL WILSON DIRECTOR 1.00
$0 $0 $0
DANIELLE MARION SECRETARY 1.00
$0 $0 $0
ALICIA YOST DIRECTOR 1.00
$0 $0 $0
DEBBIE GARNER DIRECTOR 1.00
$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 No data No data No data No data
2024 $332,214 $360,587 $839,781 $-28,373
2023 $439,160 $349,248 $868,154 $89,912
2022 $507,300 $344,022 $782,496 $163,278
2021 $368,680 $312,412 $619,218 $56,268
2020 $372,517 $302,386 $563,173 $70,131
2019 $269,168 $243,011 $491,547 $26,157
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