Keep the Faith Audio Tape Ministry

EIN: 931171584 501(c)(3) Religion

Locust Dale, VA

Total Revenue
$602,966
Total Expenses
$495,517
Total Assets
$4,009,754
Net Assets
$4,008,678
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
OR
Phone
5406722354
Tax Period
2023-01-01 to 2023-12-31

Keep the Faith Audio Tape Ministry, founded in 1994, is a small nonprofit in the Religion sector that reported $603K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $107K, a strong 18% operating margin.

Mission

To distribute, circulate and make available free of charge, to as many people as possible, in all languages, audio tapes, CD's, Videos and Books containing soul saving truths of the bible and also to provide public health education.

Program Service Accomplishments

Program 1
Expenses: $407,613

Program provides audio tapes, videos, CD's and books free of charge containing the soul saving truths of the bible.

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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 $589,353
Program Service Revenue $0
Investment Income $13,613
Other Revenue $0
TOTAL REVENUE $602,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $228,318
Fundraising Expenses $0
Program Expenses $407,613
Other Expenses $267,199
TOTAL EXPENSES $495,517

Year-over-Year Comparison

2023 2022 Change
Revenue $602,966 $1,074,402 -0.4%
Expenses $495,517 $592,376 -0.2%
Net Income $107,449 $482,026 -0.8%
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
1
Employees
5
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
3
$99,720
Total Directors
3
$99,720
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harold Mayer Director 60.00
Officer Director
$99,720 $0 $99,720
Betsy Mayer Director 2.00
Officer Director
$0 $0 $0
Mark Bruno Director 0.00
Officer 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 $602,966 $495,517 $4,009,754 $107,449
2022 $1,074,402 $592,376 $3,903,454 $482,026
2021 $650,076 $557,917 $3,421,651 $92,159
2020 $656,946 $566,058 $3,329,396 $90,888
2019 $614,650 $595,538 $3,238,304 $19,112
2018 $839,690 $519,146 $3,218,820 $320,544
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