LES FELDICK 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

1985

Legal Domicile

Principal Officer

GREGORY FELDICK

Phone

8003697856

Tax Period

2023-01-01 to 2023-12-31

LES FELDICK MINISTRIES INC, founded in 1985, is a mid-sized nonprofit in the Religion sector that reported $11.2M in total revenue in fiscal year 2023. Expenses of $10.4M left a modest 8% surplus.

Mission

Bible Study Ministry- Bible study at various locations to the general public. Television Bible study ministry aired to the general public at various locations across the United States at various times. Number of people benefitting unknown but contributions indicate a significant audience.

Program Service Accomplishments

Program 1

LES FELDICK MINSITRIES IS A BIBLE STUDY MINISTRY THAT PROVIDES BIBLE STUDY TO THE GENERAL PUBLIC THEY ALSO MAKE DVDS CDS AND PRINTED MATERIALS FOR THE GENERAL PUBLIC

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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 $10,098,193

Program Service Revenue $1,142,233

Investment Income $2,511

Other Revenue $0

TOTAL REVENUE $11,242,937

Expense Breakdown

Grants Paid $66,388

Salaries & Benefits $901,489

Fundraising Expenses $0

Other Expenses $9,403,735

TOTAL EXPENSES $10,371,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,242,937	$11,085,718	+0.0%
Expenses	$10,371,612	$9,791,031	+0.1%
Net Income	$871,325	$1,294,687	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Les Feldick	President	40.00	Officer Director Key Emp Highest	$0	$0	$0
Todd Feldick	Boardmember	20.00	Director	$0	$0	$0
Jerry Thomas	Product Assistant	20.00	Key Emp	$0	$0	$0
Janett Fledick	DVD and CD Duplication	40.00	Key Emp	$0	$0	$0
Cheryl Sexton	Advertising	40.00	Key Emp	$0	$0	$0
Stormie Taylor	Shipping	40.00	Key Emp	$0	$0	$0
GREG FELDICK	V. PRESIDENT/SECRETARY	40.00	Officer Key Emp	$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	$11,242,937	$10,371,612	$10,877,692	$871,325
2022	$11,085,718	$9,791,031	$10,006,367	$1,294,687
2021	$12,215,004	$10,186,198	$8,711,680	$2,028,806
2020	$10,732,127	$10,907,133	$6,682,874	$-175,006