Founders Ministries Inc

EIN: 650243661 501(c)(3)

Cape Coral, FL

Total Revenue
$1,703,071
Total Expenses
$1,445,898
Total Assets
$1,856,528
Net Assets
$1,789,122
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
Principal Officer
Thomas K Ascol
Phone
8885251689
Tax Period
2023-01-01 to 2023-12-31

Founders Ministries Inc, founded in 1990, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $257K, a strong 15% operating margin.

Mission

PROCLAIM THE GOSPEL OF JESUS CHRIST THROUGH A MINISTRY OF TEACHING AND ENCOURAGEMENT PROMOTING BOTH DOCTRINE AND DEVOTION EXPRESSED IN THE DOCTRINES OF GRACE AND THEIR EXPERIENTIAL APPLICATION TO THE LOCAL CHURCH, PARTICULARLY IN THE AREAS OF WORSHIP AND WITNESS.

Program Service Accomplishments

Program 1
Expenses: $395,702 Revenue: $36,415

STUDY CENTER PROVIDED COURSES, RESOURCES, AND TRAINING MATERIALS FOR THOSE IN MINISTRY OR PURSUING THE MINISTRY OF THE GOSPEL.

Program 2
Expenses: $288,794 Revenue: $47,216

General program service costs split and apportioned across multiple core service areas.

Program 3
Expenses: $288,446 Revenue: $183,543

NATIONAL & REGIONAL CONFERENCES - PROVIDED SUPPORT FOR TWO REGIONAL CONFERENCES AND MAINTAINED EXHIBITS AT THREE NATIONAL 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 $978,385
Program Service Revenue $560,614
Investment Income $14,663
Other Revenue $149,409
TOTAL REVENUE $1,703,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $316,054
Fundraising Expenses $0
Program Expenses $1,203,439
Other Expenses $1,129,844
TOTAL EXPENSES $1,445,898

Year-over-Year Comparison

2023 2022 Change
Revenue $1,703,071 $1,432,586 +0.2%
Expenses $1,445,898 $1,130,889 +0.3%
Net Income $257,173 $301,697 -0.1%
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
8
Independent Members
6
Employees
7
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
$90,000
Total Directors
8
$90,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas K Ascol President 40.00
Officer Director
$90,000 $0 $90,000
Travis Allen Chairman 1.00
Officer Director
$0 $0 $0
Bill Ascol Secretary 1.00
Officer Director
$0 $0 $0
Voddie Baucham Director 1.00
Director
$0 $0 $0
William Willcutts Director 1.00
Director
$0 $0 $0
Jason Glas Director 1.00
Director
$0 $0 $0
Chris Faro Director 1.00
Director
$0 $0 $0
Don Kiah Director 1.00
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 $1,703,071 $1,445,898 $1,856,528 $257,173
2022 $1,432,586 $1,130,889 $1,590,726 $301,697
2021 $1,390,834 $1,027,192 $1,307,068 $363,642
2020 $1,011,068 $425,703 $935,237 $585,365
2019 $371,637 $344,488 $342,810 $27,149
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