434 Ministries Inc
Nonprofit profile at a glance
- EIN
- 811823443
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- Corydon, IN, USA
- Phone
- 8122255566
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $123,784
- Expenses
- $66,872
- Assets
- $381,113
- Liabilities
- $306
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Michael Kurz (Chair of Directors)
- Jill Timberlake (Vice-Chair of Directors)
- Betty Sieberns (Secretary & Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We offer resources to prevent and end homelessness in and around Harrison County, Indiana.
What it reported doing in 2024
We operate Macy House, a multi-family residential facility that provides transitional housing and other resources to homeless individuals and families. During 2024, we served 42 people that would otherwise not have had access to shelter and other basic needs.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 100
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.4%; rating input score 53
- Program expense ratio: 94.7%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 46%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 5.7; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.9% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 17.3% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 53.4% of revenue deployed · 94.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.