TOMMY BATES MINISTRIES INC

EIN: 611401307 501(c)(3) Religion

WALTON, KY

Total Revenue
$247,685
Total Expenses
$92,690
Total Assets
$701,186
Net Assets
$701,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
KY
Principal Officer
THOMAS E BATES
Phone
8593561491
Tax Period
2024-01-01 to 2024-12-31

TOMMY BATES MINISTRIES INC, founded in 2001, is a small nonprofit in the Religion sector that reported $248K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 63% operating margin.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO OPERATE A CHRISTIAN MINISTRY, TO PROCLAIM THE NAME OF JESUS CHRIST AND TO PROMOTE THE WORSHIP OF GOD.

Program Service Accomplishments

Program 1
Expenses: $37,755

TO PROVIDE FUND FOR OUT REACH MINISTRIES TO PROMOTE THE WORSHIP OF GOD

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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 $149,707
Program Service Revenue $0
Investment Income $106,896
Other Revenue $-8,918
TOTAL REVENUE $247,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,000
Fundraising Expenses $0
Program Expenses $37,755
Other Expenses $76,690
TOTAL EXPENSES $92,690

Year-over-Year Comparison

2024 2023 Change
Revenue $247,685 $147,112 +0.7%
Expenses $92,690 $125,084 -0.3%
Net Income $154,995 $22,028 +6.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
3
$16,000
Total Directors
4
$16,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS E BATES PRESIDENT/TRUS 8
Officer Director
$16,000 $0 $16,000
BOBBY STURGEON VP/DIRC/TRUST 1
Officer Director
$0 $0 $0
PATRICIA BEAVE SEC/DIRC/TRUST 1
Officer Director
$0 $0 $0
THOMAS D BATES DIRECTOR/TRUST 5
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 $247,685 $92,690 $701,186 $154,995
2023 $147,112 $125,084 $612,939 $22,028
2022 $129,985 $85,550 $590,361 $44,435
2021 $88,322 $88,614 $548,926 $-292
2020 $29,149 $57,045 $549,219 $-27,896
2019 $84,330 $65,174 $577,115 $19,156
2018 $84,639 $53,774 $559,959 $30,865
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