BARRY WOOD EVANGELISTIC ASSOCIATION INC

EIN: 751597127 501(c)(3) Religion

Prosper, TX

Total Revenue
$385,870
Total Expenses
$433,553
Total Assets
$146,000
Net Assets
$144,752
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
TX
Principal Officer
Barry Wood
Phone
2147891459
Tax Period
2024-01-01 to 2024-12-31

BARRY WOOD EVANGELISTIC ASSOCIATION INC, founded in 1978, is a small nonprofit in the Religion sector that reported $386K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $434K exceeded revenue, resulting in a 12% operating deficit.

Mission

Worldwide evangelism and discipling in Christian faith focusing on training and supporting African nationals to equip them to present the Gospel to their own country. Barry Wood Ministries also funds projects such as famine, flood relief, church construction, drilling water wells, Bible distribution and sending medical mission teams.

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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 (2024)

Revenue Breakdown

Contributions & Grants $336,461
Program Service Revenue $0
Investment Income $26
Other Revenue $49,383
TOTAL REVENUE $385,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $190,006
Fundraising Expenses $44,793
Program Expenses $332,496
Other Expenses $243,547
TOTAL EXPENSES $433,553

Year-over-Year Comparison

2024 2023 Change
Revenue $385,870 $469,291 -0.2%
Expenses $433,553 $445,139 0.0%
Net Income $-47,683 $24,152 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
11
Independent Members
11
Employees
2
Volunteers
25

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
4
$181,630
Total Directors
9
$0
Key Employees
2
$181,630
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Browning Wood Vice President 40
Officer Key Emp Highest
$104,997 $0 $104,997
Barry Wood President 40
Officer Key Emp
$76,633 $0 $76,633
Bill Allbright Board Member 2
Director
$0 $0 $0
Mark Reeder Chairman of the Board 10
Officer Director
$0 $0 $0
Jean Smith Treasurer 4
Officer Director
$0 $0 $0
Jon Mark Glenn Board Member 2
Director
$0 $0 $0
Bob Cooper Board Member 2
Director
$0 $0 $0
Sharon McCormick Board Member 2
Director
$0 $0 $0
Jim Pangman Board Member 2
Director
$0 $0 $0
Robert Rea Board Member 2
Director
$0 $0 $0
William 'Chip' Tabor Board Member 2
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
2025 No data No data No data No data
2024 $385,870 $433,553 $146,000 $-47,683
2023 $469,291 $445,139 $195,129 $24,152
2022 $377,005 $395,343 $171,374 $-18,338
2021 $365,530 $236,808 $193,893 $128,722
2020 $236,953 $225,392 $60,888 $11,561
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