THE LORE FAMILY MINISTRIES INC (EIN 862158525) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

DARREN W LORE

Phone

7409351188

Tax Period

2023-01-01 to 2023-12-31

THE LORE FAMILY MINISTRIES INC, founded in 2021, is a small nonprofit in the Religion sector that reported $338K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO SHARE, PREACH, SING AND TEACH THE GOSPEL, LOCALLY, REGIONALLY, NATIONALLY AND ABROAD. TO HELP DEVELOP BELIEVERS, SEEK CONVERTS AND WORSHIP OUR CREATOR GOD. EVANGELISM AND EDIFICATION OF BELIEVERS IS OUR AIM. THIS COULD INCLUDE ASSISTANCE TO OTHER EVANGELISTIC MINISTRIES AND TO FOLLOW BIBLICAL PRINCIPLES TO HELP THE NEEDY IN FURTHERANCE OF THE GOSPEL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,707

Program Service Revenue $234,385

Investment Income $0

Other Revenue $0

TOTAL REVENUE $338,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,433

Fundraising Expenses $28,021

Program Expenses $302,764

Other Expenses $196,339

TOTAL EXPENSES $352,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,092	$311,290	+0.1%
Expenses	$352,772	$342,453	+0.0%
Net Income	$-14,680	$-31,163	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$120,256

Total Directors

$120,256

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN W LORE	PRESIDENT	35.00	Officer Director	$65,913	$0	$65,913
DARREN S LORE	VICE PRESIDE	25.00	Officer Director	$25,100	$0	$25,100
FAYTH D WHISNANT	SECRETARY/TR	25.00	Officer Director	$29,243	$0	$29,243
CALVIN RAY EVANS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BAER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY BROWN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$338,092	$352,772	$51,643	$-14,680
2022	$311,290	$342,453	$82,481	$-31,163
2021	$232,377	$226,333	$59,728	$6,044

THE LORE FAMILY MINISTRIES INC