RON HERROD EVANGELISTIC MINISTRY ASSOCIATION

EIN: 621583875 501(c)(3) Religion

KNOXVILLE, TN

Total Revenue
$111,426
Total Expenses
$199,985
Total Assets
$358,544
Net Assets
$350,994
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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
1995
Legal Domicile
TN
Principal Officer
JOSEPH HERROD
Phone
5618273031
Tax Period
2024-01-01 to 2024-12-31

RON HERROD EVANGELISTIC MINISTRY ASSOCIATION, founded in 1995, is a small nonprofit in the Religion sector that reported $111K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 79% operating deficit.

Mission

Spread the gospel of Jesus Christ through teaching, preaching, holding seminars and mission trips

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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 $111,425
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $111,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,175
Fundraising Expenses $61
Program Expenses $169,987
Other Expenses $168,810
TOTAL EXPENSES $199,985

Year-over-Year Comparison

2024 2023 Change
Revenue $111,426 $117,825 -0.1%
Expenses $199,985 $290,767 -0.3%
Net Income $-88,559 $-172,942 -0.5%
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
6
Independent Members
6
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
0
$0
Total Directors
6
$13,851
Key Employees
1
$13,851
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE BASS BOARD MEMBER 5
Director
$0 $0 $0
JOSEPH HERROD BOARD MEMBER 40
Director
$0 $0 $0
EMILY HERROD BOARD MEMBER 40
Director Key Emp
$13,851 $0 $13,851
STEVEN MARTIN BOARD MEMBER 5
Director
$0 $0 $0
ED WHITE BOARD MEMBER 5
Director
$0 $0 $0
MARK YOUNG BOARD MEMBER 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 $111,426 $199,985 $358,544 $-88,559
2023 $117,825 $290,767 $446,483 $-172,942
2022 $84,433 $302,188 $613,907 $-217,755
2018 $328,431 $333,794 $338,795 $-5,363
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