LARRY D FORD MINISTRIES INC

EIN: 650683777 501(c)(3) Religion

Fort Myers, FL

Total Revenue
$28,622
Total Expenses
$22,117
Total Assets
$40,849
Net Assets
$23,319
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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
1993
Legal Domicile
FL
Principal Officer
LARRY D FORD
Tax Period
2023-01-01 to 2023-12-31

LARRY D FORD MINISTRIES INC, founded in 1993, is a micro nonprofit in the Religion sector that reported $29K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $7K, a strong 23% operating margin.

Mission

EVANGELISTIC MUSIC MINISTRY - PRESENTING THE GOSPEL THROUGH MUSIC PRESENTATIONS THROUGH-OUT THE USA.

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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 $24,754
Program Service Revenue $0
Investment Income $0
Other Revenue $3,868
TOTAL REVENUE $28,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,275
Fundraising Expenses $0
Program Expenses $22,117
Other Expenses $15,842
TOTAL EXPENSES $22,117

Year-over-Year Comparison

2023 2022 Change
Revenue $28,622 $34,731 -0.2%
Expenses $22,117 $36,434 -0.4%
Net Income $6,505 $-1,703 -4.8%
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
3
Independent Members
1
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
2
$6,066
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY D FORD PRESIDENT 20.00
Officer
$2,500 $2,122 $4,622
SHERRYL D FORD VICE-PRESIDENT 20.00
Officer
$0 $1,444 $1,444
AMANDA COCHRAN DIRECTOR 0.00
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 $28,622 $22,117 $40,849 $6,505
2022 $34,731 $36,434 $39,631 $-1,703
2021 $42,835 $40,245 $40,334 $2,590
2020 $29,974 $31,422 $42,671 $-1,448
2019 $37,817 $45,254 $40,306 $-7,437
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