LOVEM MINISTRIES INC

EIN: 752591978 501(c)(3) Religion

FORT WORTH, TX

Total Revenue
$913,650
Total Expenses
$915,178
Total Assets
$191,590
Net Assets
$191,590
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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
1995
Legal Domicile
OK
Principal Officer
JODY KENNEDY
Phone
8179442288
Tax Period
2024-01-01 to 2024-12-31

LOVEM MINISTRIES INC, founded in 1995, is a small nonprofit in the Religion sector that reported $914K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

MINISTERS OF THE GOSPEL OF JESUS CHRIST WORKED FULL TIME MINISTERING TO PRISONS, CHURCHES AND OTHER GROUPS

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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 $913,650
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $913,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,325
Fundraising Expenses $0
Program Expenses $912,263
Other Expenses $852,853
TOTAL EXPENSES $915,178

Year-over-Year Comparison

2024 2023 Change
Revenue $913,650 $802,168 +0.1%
Expenses $915,178 $881,901 +0.0%
Net Income $-1,528 $-79,733 -1.0%
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

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY JORDAN BOARD MEMBER 0.00
Director
$0 $0 $0
JODY KENNEDY PRESIDENT 0.00
Officer
$0 $0 $0
CHRIS ROBBINS SECRETARY 0.00
Officer
$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 $913,650 $915,178 $191,590 $-1,528
2023 $802,168 $881,901 $193,118 $-79,733
2022 $662,275 $831,517 $272,851 $-169,242
2021 $1,206,875 $708,836 $940,132 $498,039
2020 $542,126 $419,470 $442,093 $122,656
2019 $657,930 $646,876 $319,437 $11,054
2018 $755,000 $732,745 $308,383 $22,255
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