MIKE HAYES MINISTRIES

EIN: 752529118 501(c)(3) Religion

PLANO, TX

Total Revenue
$536,231
Total Expenses
$716,839
Total Assets
$605,874
Net Assets
$605,874
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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
TX
Principal Officer
MIKE HAYES
Phone
9724165466
Tax Period
2023-01-01 to 2023-12-31

MIKE HAYES MINISTRIES, founded in 1993, is a small nonprofit in the Religion sector that reported $536K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $717K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO SPREAD THE GOSPEL OF JESUS CHRIST.

Program Service Accomplishments

Program 1
Expenses: $659,452 Revenue: $6,073

MIKE HAYES MINISTRIES STRIVES TO ENGAGE IN ACTIVITIES WHICH WILL FURTHER THE GOSPEL OF JESUS CHRIST BY CONDUCTING WORSHIP SERVICES THROUGHOUT THE UNITED STATES AND IN FOREIGN COUNTRIES.

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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 $506,825
Program Service Revenue $0
Investment Income $23,333
Other Revenue $6,073
TOTAL REVENUE $536,231

Expense Breakdown

Grants Paid $43,674
Salaries & Benefits $391,342
Fundraising Expenses $21,279
Program Expenses $659,452
Other Expenses $281,823
TOTAL EXPENSES $716,839

Year-over-Year Comparison

2023 2022 Change
Revenue $536,231 $437,811 +0.2%
Expenses $716,839 $158,891 +3.5%
Net Income $-180,608 $278,920 -1.6%
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

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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
3
Independent Members
N/A
Employees
3
Volunteers
50

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
3
$390,263
Total Directors
3
$390,263
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE HAYES PRESIDENT/DI 40.00
Officer Director
$360,090 $10,385 $370,475
ELIZABETH HAYES VICE PRES/DI 1.00
Officer Director
$14,250 $0 $14,250
JEREMY DORMAN SECRETARY/DI 1.00
Officer Director
$5,538 $0 $5,538
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 $536,231 $716,839 $605,874 $-180,608
2022 $237,745 $158,891 $585,649 $78,854
2022 $437,811 $158,891 $785,715 $278,920
2021 $343,922 $132,277 $510,795 $211,645
2019 $217,728 $238,404 $388,745 $-20,676
2018 $306,383 $224,907 $409,220 $81,476
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