BILLY GRAY MINISTRIES INC

EIN: 593518470 501(c)(3) Religion

MIRAMAR BEACH, FL

Total Revenue
$244,031
Total Expenses
$122,728
Total Assets
$781,332
Net Assets
$780,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
BILLY F GRAY
Tax Period
2023-04-01 to 2024-03-31

BILLY GRAY MINISTRIES INC, founded in 1998, is a small nonprofit in the Religion sector that reported $244K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 50% operating margin.

Mission

RELIGOUS MINISTRY WORK IN THE U.S. AND FOREIGN COUNTRIES.

Program Service Accomplishments

Program 1
Expenses: $104,941

MISSION WORK IN THE U.S. AND FOREIGN COUNTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $222,768
Program Service Revenue $0
Investment Income $21,263
Other Revenue $0
TOTAL REVENUE $244,031

Expense Breakdown

Grants Paid $25,730
Salaries & Benefits $66,631
Fundraising Expenses $0
Program Expenses $104,941
Other Expenses $30,367
TOTAL EXPENSES $122,728

Year-over-Year Comparison

2023 2022 Change
Revenue $244,031 $199,448 +0.2%
Expenses $122,728 $150,436 -0.2%
Net Income $121,303 $49,012 +1.5%
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
4
Independent Members
3
Employees
N/A
Volunteers
25

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
1
$54,631
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLY F GRAY OFFICER 40.00
Officer
$27,383 $27,248 $54,631
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 $186,761 $94,776 $279,875 $91,985
2024 $244,031 $122,728 $781,332 $121,303
2023 $199,448 $150,436 $641,250 $49,012
2022 $207,028 $170,137 $652,817 $36,891
2021 $251,136 $156,951 $643,125 $94,185
2020 $290,791 $172,084 $513,949 $118,707
2019 $252,698 $171,818 $395,244 $80,880
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