LARRY D FORD MINISTRIES INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $22,117 Revenue: $28,622

TO PROVIDE RELIGIOUS EVANGELISTICS AND MUSICAL PRESENTATIONS THROUGH CHURCHES AND ORGANIZATIONS THROUGH-OUT THE USA PRESENTING 20 CHURCH SERVICES TO OVER 8,000 PEOPLE IN THE USA. OUR MINISTRY...

TO PROVIDE RELIGIOUS EVANGELISTICS AND MUSICAL PRESENTATIONS THROUGH CHURCHES AND ORGANIZATIONS THROUGH-OUT THE USA PRESENTING 20 CHURCH SERVICES TO OVER 8,000 PEOPLE IN THE USA. OUR MINISTRY SUPPORTS COMMUNITY ORGANIZATION PROJECTS IN OUR AREA FOR CHILDREN, WOMEN, FATHERLESS YOUNG MEN AND FAMILIES. SINGS AT SR ADULT ACTIVITIES AND COMMUNITY EVENTS.

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

$6,066

Total Directors

Key Employees

Highest Compensated

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