TRIPLE M MINISTRIES INC

EIN: 850620588 501(c)(3) Religion

PHILADELPHIA, MS

Total Revenue
$90,569
Total Expenses
$66,031
Total Assets
$202,005
Net Assets
$81,930
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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
2020
Legal Domicile
MS
Principal Officer
KEVIN VAUGHN
Phone
6015047003
Tax Period
2023-01-01 to 2023-12-31

TRIPLE M MINISTRIES INC, founded in 2020, is a micro nonprofit in the Religion sector that reported $91K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 27% operating margin.

Mission

SPREADING GOD'S WORD THROUGH PASTOR SUPPORT, LOCAL WOMAN MINISTRIES, AND FUNDING CHURCH BUILDINGS IN THE PHILIPPINES.

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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 $67,725
Program Service Revenue $0
Investment Income $-3,650
Other Revenue $26,494
TOTAL REVENUE $90,569

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,085
Other Expenses $60,031
TOTAL EXPENSES $66,031

Year-over-Year Comparison

2023 2022 Change
Revenue $90,569 $68,394 +0.3%
Expenses $66,031 $15,093 +3.4%
Net Income $24,538 $53,301 -0.5%
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
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN VAUGHN PRESIDENT N/A
Officer Director
$0 $0 $0
SHIRLEY VAUGHN DIRECTOR N/A
Director
$0 $0 $0
WILLIE VAUGHN DIRECTOR N/A
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
2023 $90,569 $66,031 $202,005 $24,538
2022 $68,394 $15,093 $70,922 $53,301
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