CONCEPTS OF TRUTH INC

EIN: 731537645 501(c)(3)

WYNNE, AR

Total Revenue
$226,354
Total Expenses
$179,443
Total Assets
$48,354
Net Assets
$42,816
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AR
Principal Officer
MILLIE LACE
Phone
8702384329
Tax Period
2020-01-01 to 2020-12-31

CONCEPTS OF TRUTH INC, founded in 1998, is a small nonprofit that reported $192K in total revenue in fiscal year 2018.

Mission

SHARING THE GOSPEL VIA MULTIMEDIA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $182,578
Program Service Revenue $247
Investment Income $0
Other Revenue $43,529
TOTAL REVENUE $226,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,634
Fundraising Expenses $3,958
Program Expenses $162,964
Other Expenses $51,809
TOTAL EXPENSES $179,443

Year-over-Year Comparison

2020 2019 Change
Revenue $226,354 $226,642 0.0%
Expenses $179,443 $225,639 -0.2%
Net Income $46,911 $1,003 +45.8%
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

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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
7
Independent Members
N/A
Employees
6
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
0
$0
Total Directors
7
$31,870
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAIL LACE President 20.00
Director
$16,006 $0 $16,006
MILLIE LACE Vice President 40.00
Director
$15,864 $0 $15,864
MERIDETH ALLEN Director 1.00
Director
$0 $0 $0
FATHER ED GRAVES HONORARY 1.00
Director
$0 $0 $0
BILL MORGAN Secretary 1.00
Director
$0 $0 $0
GEORGE CONNER Director 1.00
Director
$0 $0 $0
ESTHER WITCHER 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
2020 $226,354 $179,443 $48,354 $46,911
2019 $226,642 $225,639 $8,654 $1,003
2018 $191,937 $198,764 $14,973 $-6,827
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