MVP Ministries

EIN: 883778279 501(c)(3) Religion

Utica, OH

Total Revenue
$283,151
Total Expenses
$352,628
Total Assets
$498,945
Net Assets
$498,945
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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
2022
Legal Domicile
OH
Principal Officer
Millard Parks
Tax Period
2023-01-01 to 2023-12-31

MVP Ministries, founded in 2022, is a small nonprofit in the Religion sector that reported $283K in total revenue in fiscal year 2023. Expenses of $353K exceeded revenue, resulting in a 25% operating deficit.

Mission

To receive and disburse charitable contributions for ministry services and the furtherance of the Apostolic Faith.

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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 $283,151
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $283,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,400
Fundraising Expenses $0
Program Expenses $352,628
Other Expenses $316,228
TOTAL EXPENSES $352,628

Year-over-Year Comparison

2023 2022 Change
Revenue $283,151 N/A N/A
Expenses $352,628 N/A N/A
Net Income $-69,477 N/A N/A
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
N/A
Independent Members
N/A
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Millard Parks President 0.00
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
2024 No data No data No data No data
2023 $283,151 $352,628 $498,945 $-69,477
2022 $695,331 $126,909 $568,422 $568,422
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