INTERFAITH MINISTRIES OF DENTON INC

EIN: 752442459 501(c)(3) Community Improvement

DENTON, TX

Total Revenue
$610,008
Total Expenses
$532,066
Total Assets
$588,673
Net Assets
$586,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
Keri Caruthers
Phone
9405665927
Tax Period
2023-01-01 to 2023-12-31

INTERFAITH MINISTRIES OF DENTON INC, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $610K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $532K left a modest 13% surplus.

Mission

Interfaith Minstries provides short-term assistance to individuals and families in need.

Program Service Accomplishments

Program 1
Expenses: $442,993

Utility AssistanceInterfaith administers utility assistance through the City of Denton Plus O-N-E Program, through TXU Energy aid Funds, or through other emergency assistance funds. Certain...

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Utility AssistanceInterfaith administers utility assistance through the City of Denton Plus O-N-E Program, through TXU Energy aid Funds, or through other emergency assistance funds. Certain requirements must be met by clients before receiving utility assistance, including exhaustion of deferred payment arrangements, and an established record as a utility customer. The client must have experienced a recent financial crisis resulting in a loss of income and exhaustion of personal resources. Rent assistance is limited to once every 12 months while utility assistance is limited to 3 months of assistance per year.

Program 2
Expenses: $24,377

Prescription and Medical Assistance and other Interfaith can help provide medications or medical supplies required for illness or for life-threatening acute or chronic conditions. Interfaith can not...

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Prescription and Medical Assistance and other Interfaith can help provide medications or medical supplies required for illness or for life-threatening acute or chronic conditions. Interfaith can not assist clients who have third-party insurance, except in the case of large co-pays. Addictive medications will only be provided in the case of extreme emergency and if the prescription is written for a 10-day supply or less, unless there is doctor verification of terminal illness. Purchase of addictive medications will only be approved by the director. Children under the age of 18 will be referred to the Kiwanis Children's Clinic for service.

Program 3
Expenses: $12,849

Rent/Shelter AssistanceInterfaith may assist with past-due rent if a client is in danger of eviction. Requirements that must be met to receive rental assistance include: client must have an eviction...

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Rent/Shelter AssistanceInterfaith may assist with past-due rent if a client is in danger of eviction. Requirements that must be met to receive rental assistance include: client must have an eviction notice, must be employed or have other income adequate to maintain monthly rent payments, must not receive any other housing assistance, must have a recent financial crisis, must not have any other resources. Rental or utility assistance is limited to once every 12 months. Clients needing overnight shelter are referred to local shelters. If clients are legitimately not able to stay at the shelter, Interfaith may be able to pay for motel. Interfaith may be able to provide transportation to a long term shelter in the metroplex if this is appropriate.

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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 $606,776
Program Service Revenue $0
Investment Income $3,232
Other Revenue $0
TOTAL REVENUE $610,008

Expense Breakdown

Grants Paid $323,340
Salaries & Benefits $154,732
Fundraising Expenses $26,476
Program Expenses $480,219
Other Expenses $53,994
TOTAL EXPENSES $532,066

Year-over-Year Comparison

2023 2022 Change
Revenue $610,008 $412,973 +0.5%
Expenses $532,066 $505,961 +0.1%
Net Income $77,942 $-92,988 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
30

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rev Kenneth D Davis Treasurer 2.00
Officer Director
$0 $0 $0
Mia Price Director 2.00
Director
$0 $0 $0
Loyce K Wilson Director 2.00
Director
$0 $0 $0
Laynette Barnard Director 2.00
Director
$0 $0 $0
Tracy Runnels Board Chair 0.00
Officer Director
$0 $0 $0
Oliva Jeffers Vice President 0.00
Officer Director
$0 $0 $0
Diana Leggett Secretary 0.00
Officer Director
$0 $0 $0
Michael Bradshaw Director 0.00
Director
$0 $0 $0
John Knowles Director 0.00
Director
$0 $0 $0
Bridget Jaecks Director 0.00
Director
$0 $0 $0
Angela Bewer Isma Director 0.00
Director
$0 $0 $0
Fara Francis-Eusea Director 0.00
Director
$0 $0 $0
Alison Maguire Director 0.00
Director
$0 $0 $0
Beverly Tookey Director 0.00
Director
$0 $0 $0
Condell Garden Executive Director 50.00
$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 $610,008 $532,066 $588,673 $77,942
2022 $412,973 $505,961 $508,721 $-92,988
2021 $464,613 $404,172 $586,805 $60,441
2020 $487,271 $429,089 $528,795 $58,182
2019 $421,947 $449,623 $479,214 $-27,676
2019 $401,631 $430,021 $481,816 $-28,390
2018 $449,995 $456,373 $504,050 $-6,378
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