Ed Lacy Ministries Inc

EIN: 631125005 501(c)(3) Religion

Mobile, AL

Total Revenue
$230,847
Total Expenses
$417,348
Total Assets
$373,977
Net Assets
$373,977
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
AL
Principal Officer
Deborah Lacy
Phone
2513806293
Tax Period
2024-01-01 to 2024-12-31

ED LACY MINISTRIES INC, founded in 1995, is a small nonprofit in the Religion sector that reported $357K in total revenue in fiscal year 2018. Expenses of $344K left a modest 4% surplus.

Mission

Reaching the Lost for Christ

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $230,825
Program Service Revenue $0
Investment Income $22
Other Revenue $0
TOTAL REVENUE $230,847

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,645
Fundraising Expenses $0
Program Expenses $325,939
Other Expenses $339,703
TOTAL EXPENSES $417,348

Year-over-Year Comparison

2024 2023 Change
Revenue $230,847 $275,722 -0.2%
Expenses $417,348 $259,377 +0.6%
Net Income $-186,501 $16,345 -12.4%
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

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Governance

Voting Members
6
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
3
$65,728
Total Directors
3
$0
Key Employees
1
$65,728
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH LACY PRESIDENT 020.00
Officer Key Emp Highest
$65,728 $0 $65,728
Louis Charrier Director N/A
Director
$0 $0 $0
Craig James Director N/A
Director
$0 $0 $0
Walter Prescott Director N/A
Director
$0 $0 $0
BENITA BUSSELL Secretary 001.00
Officer
$0 $0 $0
DAVID COFIELD Vice President 001.00
Officer
$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
2025 No data No data No data No data
2024 $230,847 $417,348 $373,977 $-186,501
2023 $275,722 $259,377 $560,478 $16,345
2022 $258,712 $194,828 $544,133 $63,884
2021 $357,757 $252,326 $480,249 $105,431
2020 $300,659 $235,877 $374,818 $64,782
2019 $341,734 $298,708 $284,797 $43,026
2018 $357,193 $343,595 $241,771 $13,598
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