ELGIN, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FERVENT FIRE MINISTRIES INC, founded in 2021, is a small nonprofit in the Religion sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 24% operating margin.
THE SPECIFIC PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO TEACH AND PREACH THE GOSPEL TO ALL PEOPLE, CONDUCT EVANGELISTIC ACTIVITIES, LICENSE AND ORDAIN MINISTERS OF THE GOSPEL, PROVIDE RELIGIOUS, CHARITABLE, AND HUMANITARIAN SERVICES, SUPPORT FOREIGN MISSIONS, AND TO ALSO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE, OR WHICH ARE INCIDENTAL THERETO OR CONNECTED THEREWITH WHICH ARE CONSISTENT WITH SECTION 501(3) OF THE INTERNAL REVENUE CODE. THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS PURPOSES WITHIN THE MEANING OF SECTION 501(3), INTERNAL REVENUE CODE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $269,590 | $168,964 | +0.6% |
| Expenses | $205,664 | $170,365 | +0.2% |
| Net Income | $63,926 | $-1,401 | -46.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TROY FERCHO | President | 0.00 |
Director
|
$0 | $0 | $0 |
| HEATHER BARRON | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER FERCHO | Secretary | 0.00 |
Director
|
$0 | $0 | $0 |
| ROBERT BARRON | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| TY MITCHELL | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| KIM MITCHELL | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| RON ENGET | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| JULIE ENGET | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID HERR | Treasurer | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $269,590 | $205,664 | $64,379 | $63,926 |
Compare FERVENT FIRE MINISTRIES INC with other nonprofits in North Dakota and across the country.