YANCY MINISTRIES INC

EIN: 621823332 501(c)(3) Religion

MURFREESBORO, TN

Total Revenue
$285,528
Total Expenses
$326,728
Total Assets
$96,957
Net Assets
$96,957
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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
2002
Legal Domicile
TN
Principal Officer
YANCY WIDEMAN RICHMOND
Phone
6156316862
Tax Period
2023-01-01 to 2023-12-31

YANCY MINISTRIES INC, founded in 2002, is a small nonprofit in the Religion sector that reported $286K in total revenue in fiscal year 2023. Expenses of $327K exceeded revenue, resulting in a 14% operating deficit.

Mission

SPREADING THE GOSPEL OF JESUS CHRIST THROUGH MUSIC.

Program Service Accomplishments

Program 1
Expenses: $218,128

PARTNERED WITH CHURCHES TO PROVIDE WORSHIP FOR FAMILIES ON ONLINE PLATFORMS. MANY ONLINE TRAININGS, WEBINARS AND ARTICLES WRITTEN TO TEACH. WROTE A BOOK FOR CHURCH LEADERS TO EDUCATE THEM ON HOW TO...

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PARTNERED WITH CHURCHES TO PROVIDE WORSHIP FOR FAMILIES ON ONLINE PLATFORMS. MANY ONLINE TRAININGS, WEBINARS AND ARTICLES WRITTEN TO TEACH. WROTE A BOOK FOR CHURCH LEADERS TO EDUCATE THEM ON HOW TO LEAD KIDS IN WORSHIP. 38 EVENTS WERE HELD IN 2022. SERVED APPROXIMATELY 16,450 PEOPLE LEADING WORSHIP AND SPEAKING AT CONFERENCES.

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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 $184,388
Program Service Revenue $0
Investment Income $35
Other Revenue $101,105
TOTAL REVENUE $285,528

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,572
Fundraising Expenses $3,049
Program Expenses $218,128
Other Expenses $263,156
TOTAL EXPENSES $326,728

Year-over-Year Comparison

2023 2022 Change
Revenue $285,528 $290,561 0.0%
Expenses $326,728 $300,788 +0.1%
Net Income $-41,200 $-10,227 +3.0%
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

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
5
Independent Members
3
Employees
2
Volunteers
2

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
$80,700
Total Directors
5
$80,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YANCY WIDEMAN RICHMOND PRESIDENT 40.00
Officer Director
$37,219 $43,481 $80,700
BLAINE BARTEL BOARD MBR N/A
Director
$0 $0 $0
RON COLEMAN BOARD MBR N/A
Director
$0 $0 $0
DR TRACY STANDRIDGE BOARD MBR N/A
Director
$0 $0 $0
JIM WIDEMAN TREASURER 1.00
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
2024 No data No data No data No data
2023 $285,528 $326,728 $96,957 $-41,200
2022 $290,561 $300,788 $138,157 $-10,227
2021 $330,096 $274,049 $163,255 $56,047
2020 $259,691 $255,472 $97,659 $4,219
2019 $292,665 $281,137 $95,117 $11,528
2018 $245,332 $260,711 $82,679 $-15,379
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