Flourish Adoption Ministries Inc

EIN: 813001140 501(c)(3) Education

Greenville, SC

Total Revenue
$586,153
Total Expenses
$681,313
Total Assets
$197,375
Net Assets
$144,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SC
Principal Officer
Jeremy Bouknight
Phone
8643739644
Tax Period
2025-01-01 to 2025-12-31

Flourish Adoption Ministries Inc, founded in 2016, is a small nonprofit in the Education sector that reported $586K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $681K exceeded revenue, resulting in a 16% operating deficit.

Mission

The purpose of Flourish Adoption Ministries is to support building families through private adoption, to provide emotional encouragement during each step in a couple's adoption journey, to provide an affordable option for families pursuing adoption, thus growing the number of potential waiting families and acting as a buffer to the number of children in foster care, and to provide pre-adoptive and post adoptive support to birth families, thus fostering the emotional support and resources needed to empower birth famlies to improve their lives and take steps toward a stable future.

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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 (2025)

Revenue Breakdown

Contributions & Grants $87,174
Program Service Revenue $499,277
Investment Income $4,426
Other Revenue $-4,724
TOTAL REVENUE $586,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $365,674
Fundraising Expenses $0
Program Expenses $668,325
Other Expenses $315,639
TOTAL EXPENSES $681,313

Year-over-Year Comparison

2025 2024 Change
Revenue $586,153 $624,165 -0.1%
Expenses $681,313 $669,608 +0.0%
Net Income $-95,160 $-45,443 +1.1%
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

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Governance

Voting Members
4
Independent Members
3
Employees
5
Volunteers
8

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
$124,496
Total Directors
4
$124,496
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Bordeaux Executive Dir. 50.00
Officer Director
$124,496 $0 $124,496
Jeremy Bouknight President 5.00
Officer Director
$0 $0 $0
Justin Broome Director 5.00
Director
$0 $0 $0
Adam Tenry Treasurer 5.00
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
2025 $586,153 $681,313 $197,375 $-95,160
2024 No data No data No data No data
2023 $619,273 $590,166 $311,841 $29,107
2022 $726,287 $679,541 $273,738 $46,746
2021 $653,646 $578,924 $243,569 $74,722
2020 $626,090 $555,254 $238,587 $70,836
2019 $652,179 $967,592 $98,482 $-315,413
2018 $1,388,385 $1,185,415 $347,817 $202,970
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