FINISHING TOUCH MINISTRIES

EIN: 823373666 501(c)(3) Religion

Spring, TX

Total Revenue
$113,319
Total Expenses
$161,733
Total Assets
$157,686
Net Assets
$157,686
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
Susan Thompson
Phone
2816102613
Tax Period
2023-07-01 to 2024-06-30

FINISHING TOUCH MINISTRIES, founded in 2017, is a small nonprofit in the Religion sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 43% operating deficit.

Mission

We demonstrate the love of Christ in a tangible way, by providing a completed home - furnishings, bedding, decor and kitchen items - for the formerly homeless or those in transitional group homes. During the period of this return, 35 projects were completed (7 of which were transitional group homes) impacting 103 adults and 56 children.

Program Service Accomplishments

Program 1
Expenses: $121,988 Revenue: $0

During the period of this return, 35 projects were completed (7 of which were transitional group homes) impacting 103 adults and 56 children. Individuals and families were formerly homeless and...

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During the period of this return, 35 projects were completed (7 of which were transitional group homes) impacting 103 adults and 56 children. Individuals and families were formerly homeless and through assistance with local agencies, missionaries and churches secured housing. However, they had no furnishings. Finishing Touch completely furnished and equipped these homes. Transitional group homes serve individuals recovering from substance abuse, victims of human trafficking, and those aging out of foster care. Again, we fully equipped these homes in partnership with each organization. Our largest category of expense is professional movers. We also utilize a 5,000 sq ft warehouse for storing donations of furniture and decor which are ultimately gifted to our clients.

Program 2
Expenses: $33,188 Revenue: $0

With over 40 volunteers and a strategic plan to develop a replicable model for other cities, Finishing Touch embarked on a technology project to facilitate in-kind donations, interface with referring...

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With over 40 volunteers and a strategic plan to develop a replicable model for other cities, Finishing Touch embarked on a technology project to facilitate in-kind donations, interface with referring agencies, client project management and volunteer activities, all critical to our continued growth and ability to continue to serve our community.

Program 3
Expenses: $6,557 Revenue: $0

Administrative services consist of operating costs such as liability insurance and tools for accepting online payments and document storage.

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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 $113,319
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $113,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,733
Other Expenses $161,733
TOTAL EXPENSES $161,733

Year-over-Year Comparison

2023 2022 Change
Revenue $113,319 $166,128 -0.3%
Expenses $161,733 $136,902 +0.2%
Net Income $-48,414 $29,226 -2.7%
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
6
Independent Members
6
Employees
N/A
Volunteers
42

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bernadette Dubby Director 20
Director
$0 $0 $0
Lauren Jenkins Director 25
Director
$0 $0 $0
Lori Kinkeade Director 10.00
Director
$0 $0 $0
Lisa Otts Director 25
Director
$0 $0 $0
Susan Thompson Director & Treasurer 15
Director
$0 $0 $0
Jeanne Van Tiem Director 15.00
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 No data No data No data No data
2024 $113,319 $161,733 $157,686 $-48,414
2023 $166,128 $136,902 $206,100 $29,226
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