MARCO VEGA EVANGELISTIC MINISTRIES INC

EIN: 593681066 501(c)(3) Religion

GAINESVILLE, FL

Total Revenue
$230,653
Total Expenses
$256,069
Total Assets
$43,604
Net Assets
$36,482
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
MARK VEGA
Tax Period
2022-01-01 to 2022-12-31

MARCO VEGA EVANGELISTIC MINISTRIES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $231K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $256K exceeded revenue, resulting in a 11% operating deficit.

Mission

PURPOSE IS TO ADMINISTER AN INTERNSHIP PROGRAM DESIGNED FOR YOUNG PEOPLE TO PREPARE THEM FOR MINISTRY. THROUGH THE PROGRAM, STUDENTS TAKE BIBLE COURSES TO PROVIDE COMMUNITY SERVICES AND TRAVEL TO GAIN EXPERIENCE AS MINISTERS.

Program Service Accomplishments

Program 1
Expenses: $52,016

INTERNSHIP PROGRAM: 9 MONTH PROGRAM SEPT. TO JUNE; STUDENTS ENROLL IN OUR PROGRAM TO RECEIVE MINISTERIAL TRAINING. THEY ARE PROVIDED WITH ROOM/BOARD, MEALS, BOOKS, UNIFORM, TRANSPORTATION AND...

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INTERNSHIP PROGRAM: 9 MONTH PROGRAM SEPT. TO JUNE; STUDENTS ENROLL IN OUR PROGRAM TO RECEIVE MINISTERIAL TRAINING. THEY ARE PROVIDED WITH ROOM/BOARD, MEALS, BOOKS, UNIFORM, TRANSPORTATION AND CLASSES. CLASSES PROVIDED BY OUR PROGRAM FOR MINISTERIAL PREPARATION. THEY ARE ALSO ENROLLED IN THE S.E. SPANISH DISTRICT THEOLOGICAL BIBLE INSTITUTE. THEY RECEIVE AN EQUIVALENT OF 2 YEARS OF BIBLE INSTITUTE WITHIN THE 9 MONTH EQUIVALENT. UPON COMPLETION OF THE PROGRAM, STUDENTS ARE ELEIGBLE TO APPLY FOR CREDENTIALS WITH THE OPPORTUNITY OF BECOMING PART OR FULL TIME MINISTERS SUCH AS PASTORS, MISSIONARIES, YOUTH PASTORS AND OTHER INTERNSHIPS WITH PASTOR MARCO VEGA ALONG WITH MEMBERS OF THE INTERNSHIP PROGRAM AND VOLUNTEER STAFF. THEY TRAVEL THROUGHOUT FL AND NATION TO MINISTER IN LOCAL CONGREGATIONS.

Program 2

OUR PRIMARY OBJECTIVE IS TO REACH AS MANY YOUNG PEOPLE AND INDIVIDUALS WITHIN OUR REACH TO SHARE THE GOSPEL OF JESUS CHRIST. IN TURN, WE WILL KEEP THE YOUNG PEOPLE AWAY FROM DRUGS AND VOILENCE BY...

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OUR PRIMARY OBJECTIVE IS TO REACH AS MANY YOUNG PEOPLE AND INDIVIDUALS WITHIN OUR REACH TO SHARE THE GOSPEL OF JESUS CHRIST. IN TURN, WE WILL KEEP THE YOUNG PEOPLE AWAY FROM DRUGS AND VOILENCE BY KEEPING THEM IMMERSED IN THE WORD OF GOD WITH A SPIRIT OD SERVICE TO THEIR COMMUNITY.

Program 3

HOST RELIGIOUS EVENTS; WE HOST EVENTS WITHIN THE LOAL CHURCH THAT WE SERVE AS WELL AS OTHER CITIES. THESE EVENTS INCLUDE LEADERSHIP CONFERENCES, IGNITE DAYS WHICH SERVES TO PROMOTE OUR PROGRAM AND...

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HOST RELIGIOUS EVENTS; WE HOST EVENTS WITHIN THE LOAL CHURCH THAT WE SERVE AS WELL AS OTHER CITIES. THESE EVENTS INCLUDE LEADERSHIP CONFERENCES, IGNITE DAYS WHICH SERVES TO PROMOTE OUR PROGRAM AND YOUTH SEVICES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $20,599
Program Service Revenue $210,054
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,284
Fundraising Expenses $0
Program Expenses $225,109
Other Expenses $205,785
TOTAL EXPENSES $256,069

Year-over-Year Comparison

2022 2021 Change
Revenue $230,653 $194,832 +0.2%
Expenses $256,069 $710 +359.7%
Net Income $-25,416 $194,122 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIO GODINEZ DIRECTOR N/A
Director
$0 $0 $0
ESTHER OMEBEN DIRECTOR N/A
Director
$0 $0 $0
LISA VEGA SECRETARY TR N/A
Officer Director
$0 $0 $0
MARK VEGA PRESIDENT N/A
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
2022 $230,653 $256,069 $43,604 $-25,416
2020 $116,431 $267,549 $3,882 $-151,118
2019 $534,020 $499,118 $120,133 $34,902
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