LOVE WORTH FINDING MINISTRIES INC

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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

1987

Legal Domicile

Principal Officer

CARY VAUGHN

Phone

9013827900

Tax Period

2024-07-01 to 2025-06-30

LOVE WORTH FINDING MINISTRIES INC, founded in 1987, is a community nonprofit in the Religion sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO SHARE THE GOSPEL THROUGHOUT THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $4,525,730

RADIO AND TELEVISION BROADCASTING OF RECORDED SERMONS FROM MEDIA OUTLETS ACROSS THE U.S. AND OVERSEAS. THIS IS THE MAJOR VEHICLE FOR ACCOMPLISHING THE MINISTRY'S PURPOSE OF SPREADING THE GOSPEL OF...

RADIO AND TELEVISION BROADCASTING OF RECORDED SERMONS FROM MEDIA OUTLETS ACROSS THE U.S. AND OVERSEAS. THIS IS THE MAJOR VEHICLE FOR ACCOMPLISHING THE MINISTRY'S PURPOSE OF SPREADING THE GOSPEL OF JESUS CHRIST.

Program 2

SALES OF RECORDED SERMONS AND SALES OF CHRISTIAN BOOKS, BOOKLETS, AND RELATED MATERIALS. THIS IS COMPLEMENTARY TO THE ACCOMPLISHMENT LISTED ABOVE, PUTTING THE GOSPEL MESSAGES INTO THE HANDS OF...

SALES OF RECORDED SERMONS AND SALES OF CHRISTIAN BOOKS, BOOKLETS, AND RELATED MATERIALS. THIS IS COMPLEMENTARY TO THE ACCOMPLISHMENT LISTED ABOVE, PUTTING THE GOSPEL MESSAGES INTO THE HANDS OF LISTENERS AND READERS IN A MORE PERMANENT FORM.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,911,453

Program Service Revenue $0

Investment Income $148

Other Revenue $69,663

TOTAL REVENUE $5,981,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,218,621

Fundraising Expenses $775,926

Program Expenses $4,525,730

Other Expenses $3,588,917

TOTAL EXPENSES $6,120,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,981,264	$6,458,471	-0.1%
Expenses	$6,120,024	$7,063,800	-0.1%
Net Income	$-138,760	$-605,329	-0.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$412,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ADDISON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM M AMICK JR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV BOB SORRELL	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF PEARSON	TREASURER	1.00	Officer Director	$0	$0	$0
CATHY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE LYNN COBB	DIRECTOR	1.00	Director	$0	$0	$0
JOHN E CROCKETT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DUPREEE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ENNIS	DIRECTOR	1.00	Director	$0	$0	$0
REV ROLAND MADDOX	DIRECTOR	1.00	Director	$0	$0	$0
JACK MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES R MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRITTON PEEL	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
REV CARY E VAUGHN	CEO	40.00	Officer	$142,312	$26,859	$169,171
BOBBY LEWIS	EXEC. VP OPERATIONS	40.00	Officer	$111,149	$21,543	$132,692
SUSAN CRANFORD	DIRECTOR OF FINANCE & DEVE	40.00	Officer	$90,260	$20,251	$110,511

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	$5,981,264	$6,120,024	$2,406,821	$-138,760
2024	$6,458,471	$7,063,800	$2,554,735	$-605,329
2023	$6,760,882	$7,598,235	$2,962,828	$-837,353
2022	$7,504,607	$7,232,998	$3,628,719	$271,609
2021	$6,868,663	$6,260,709	$3,509,981	$607,954
2020	$5,174,352	$6,223,826	$3,003,198	$-1,049,474
2019	$5,694,429	$6,108,488	$3,963,791	$-414,059
2018	$6,600,677	$5,699,270	$4,338,869	$901,407