COATES MINISTRIES INC

EIN: 760492903 501(c)(3) Religion

WEST BEND, IA

Total Revenue
$1,112,290
Total Expenses
$940,701
Total Assets
$501,307
Net Assets
$501,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
RANDY COATES
Phone
5158875959
Tax Period
2023-01-01 to 2023-12-31

COATES MINISTRIES INC, founded in 1996, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $172K, a strong 15% operating margin.

Mission

CHURCH MISSION, EVANGELISM, CHURCH PLANTING, DISCIPLESHIP, HUMANITARIAN RELIEF, AND DEVELOPMENT IN KENYA AND EAST AFRICA

Program Service Accomplishments

Program 1
Expenses: $812,659

PREACHED THE GOSPEL OF JESUS CHRIST TO OVER 13,000 PEOPLE IN 283 VILLAGES/STARTED 212 NEW CHURCHES/ 3 EXTENDED MISSIONS TO REMOTE REGIONS OF NORTHWEST, CENTRAL AND COASTAL KENYA/ PREACHING, TEACHING...

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PREACHED THE GOSPEL OF JESUS CHRIST TO OVER 13,000 PEOPLE IN 283 VILLAGES/STARTED 212 NEW CHURCHES/ 3 EXTENDED MISSIONS TO REMOTE REGIONS OF NORTHWEST, CENTRAL AND COASTAL KENYA/ PREACHING, TEACHING AND TRAINING AMONG INDIGENOUS CHURCH LEADERS/ PROVISION AND DELIVERY OF RELIEF FOOD TO 400 VILLAGES WITH A 6 MONTHS SUPPLY OF FOOD/ DELIVERY OF CLOTHING AND MEDICINES TO UNDERSERVED VILLAGES AFFECTED BY DROUGHT AND FAMINE, COVID, INSECURITY AND RISING FOOD PRICES/ SPONSORED PRIMARY, SECONDARY AND UNIVERSITY STUDENT (INCLUDING PHYSICALLY AND MENTALLY HANDICAPPED) WITH SCHOOL FEES AND LIVING EXPENSES/ DIRECTED AND TAUGHT WEEKLY CHILDREN'S CHURCH AND DISCIPLESHIP PROGRAMS/ HOSTED SHORT TERM MINISTRY TEAMS FROM THE USA/ SURVEYED AND DEVELOPED WATER WELLS IN 14 DRAUGHT PRONE VILLAGES/ SPONSORED FOOD, BOOKS AND TRANSPORT FOR STUDENTS IN 4 VILLAGE BIBLE-SCHOOL LOCATIONS/ SPONSORED DAILY FEEDING PROGRAMS AND SALARIES FOR TEACHERS IN EARLY CHILDHOOD DEVELOPMENT PROGRAMS FOR EKWAR VILLAGE/ CONSTRUCTED 7 PERMANENT CHURCH BUILDINGS/ MANAGED 6 ADULT LITERACY PROGRAMS.

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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 $1,110,205
Program Service Revenue $0
Investment Income $2,085
Other Revenue $0
TOTAL REVENUE $1,112,290

Expense Breakdown

Grants Paid $812,659
Salaries & Benefits $74,280
Fundraising Expenses $0
Program Expenses $812,659
Other Expenses $53,762
TOTAL EXPENSES $940,701

Year-over-Year Comparison

2023 2022 Change
Revenue $1,112,290 $1,506,098 -0.3%
Expenses $940,701 $1,411,301 -0.3%
Net Income $171,589 $94,797 +0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
1
Volunteers
6

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
$74,280
Total Directors
4
$74,280
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY COATES PRESIDENT 50.00
Officer Director
$74,280 $0 $74,280
BECKY COATES VICE PRESIDE 30.00
Officer Director
$0 $0 $0
GERALD THATCHER TREASURER 8.00
Officer Director
$0 $0 $0
RITA THATCHER SECRETARY 1.00
Officer 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
2024 No data No data No data No data
2023 $1,112,290 $940,701 $501,307 $171,589
2022 $1,506,098 $1,411,301 $329,718 $94,797
2021 $1,008,167 $924,356 $234,921 $83,811
2020 $500,859 $535,611 $151,110 $-34,752
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