PROVIDENCE WORLD MINISTRIES INC

EIN: 621848677 501(c)(3) Human Services

NASHVILLE, TN

Total Revenue
$153,864
Total Expenses
$214,845
Total Assets
$36,465
Net Assets
$36,465
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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
2001
Legal Domicile
TN
Principal Officer
PHILIP DARKE
Phone
6152960500
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE WORLD MINISTRIES INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $154K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE SPECIFIC GOALS (PURPOSES) OF PROVIDENCE WORLD MINISTRIES, INC. ARE TO ENCOURAGE, PROMOTE, AND ASSIST IN GLOBAL EFFORTS OF SOCIAL, CULTURAL, LITERARY, EDUCATIONAL, MEDICAL, AGRICULTURAL, LEADERSHIP, COMMUNITY, AND INTERNATIONAL DEVELOPMENT RELATED TO DISADVANTAGED CHILDREN AND FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $162,034 Revenue: $8,000

THE ORGANIZATION HAS PROVIDED SUPPORT SERVICES FOR RELIGIOUS ORGANIZATIONS THAT CURRENTLY PROVIDE, OR ASSIST OTHER ORGANIZATIONS IN PROVIDING, ORPHANAGE SERVICES TO UNDERDEVELOPED THIRD-WORLD...

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THE ORGANIZATION HAS PROVIDED SUPPORT SERVICES FOR RELIGIOUS ORGANIZATIONS THAT CURRENTLY PROVIDE, OR ASSIST OTHER ORGANIZATIONS IN PROVIDING, ORPHANAGE SERVICES TO UNDERDEVELOPED THIRD-WORLD 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 $145,154
Program Service Revenue $8,000
Investment Income $647
Other Revenue $63
TOTAL REVENUE $153,864

Expense Breakdown

Grants Paid $18,473
Salaries & Benefits $146,913
Fundraising Expenses $2,627
Program Expenses $162,034
Other Expenses $49,459
TOTAL EXPENSES $214,845

Year-over-Year Comparison

2023 2022 Change
Revenue $153,864 $214,575 -0.3%
Expenses $214,845 $261,125 -0.2%
Net Income $-60,981 $-46,550 +0.3%
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
2
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
5
$104,312
Total Directors
5
$104,312
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP DARKE CEO 40.00
Officer Director
$104,312 $0 $104,312
JOSH EAVES CHAIR 1.00
Officer Director
$0 $0 $0
CHAD DOWNEY TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN HOPKINS SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTY PERDOMO SECRETARY 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
2023 $153,864 $214,845 $36,465 $-60,981
2022 $214,575 $261,125 $97,946 $-46,550
2021 $306,922 $242,622 $144,496 $64,300
2020 $240,802 $260,249 $133,383 $-19,447
2019 $532,972 $648,612 $108,585 $-115,640
2018 $608,583 $894,356 $220,271 $-285,773
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