Reverence MinistriesINC

EIN: 822833221 501(c)(3) Religion

Lexington, NC

Total Revenue
$216,553
Total Expenses
$277,985
Total Assets
$76,662
Net Assets
$76,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NC
Principal Officer
Adam North
Phone
3364706425
Tax Period
2024-10-01 to 2025-09-30

Reverence MinistriesINC, founded in 2017, is a small nonprofit in the Religion sector that reported $217K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $278K exceeded revenue, resulting in a 28% operating deficit.

Mission

REVERENCE MINISTRIES WAS CREATED FOR MEN AND WOMEN WHO HAVE DECIDED TO SAY YES TO GOD AND ANSWER THE CALL TO MAKE DISCIPLES OF JESUS CHRIST FULL TIME. USING DISCIPLESHIP TRAINING MATERIAL FOR MEN AND WOMEN EQUIPPING OUR STAFF TO BE DISCIPLES OF JESUS WHO MAKE DISCIPLES OF JESUS.

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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 $216,553
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $221,002
Fundraising Expenses $0
Program Expenses $277,985
Other Expenses $56,983
TOTAL EXPENSES $277,985

Year-over-Year Comparison

2024 2023 Change
Revenue $216,553 $270,154 -0.2%
Expenses $277,985 $254,760 +0.1%
Net Income $-61,432 $15,394 -5.0%
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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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
10

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
$93,316
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam North Chairman 40.00
Officer
$81,066 $0 $81,066
Liane Lebeau Secretary/Treas 10.00
Officer
$12,250 $0 $12,250
Dwayne Thompson Board Member 2.00
Director
$0 $0 $0
Chris Thompson Board Member 2.00
Director
$0 $0 $0
David Yoder Board Member 2.00
Director
$0 $0 $0
Sam Hornish Vice Chairman 5.00
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
2025 $216,553 $277,985 $76,662 $-61,432
2024 $270,154 $254,760 $138,093 $15,394
2023 $262,398 $248,983 $122,699 $13,415
2022 $235,815 $220,986 $109,284 $14,829
2021 $289,021 $309,220 $94,455 $-20,199
2020 $264,573 $204,982 $117,956 $59,591
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