Eureka Ministry Inc

Nonprofit profile at a glance

EIN
510441702
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
WinstonSalem, NC, USA
Phone
3367823075
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Rehabilitation Services for Offenders

Reported finances

Revenue
$34,038
Expenses
$40,995
Assets
$41,627
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Harold Smith (President)
  • Bobby King (Vice President)

People named in this filing

  • Michael Gilliam (Member)
  • Dick Bae (Member)
  • Segun Ariwodola (Member)

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

Eureka Ministry, Inc. provides a supportive environment to assist ex-offenders in becoming successful law abiding citizens. Emphasis is placed on developing them from the inside out and character building.

What it reported doing in 2024

Eureka Housing Program (EHP) is seeking funds to help address the homeless condition of the ex-offender population in Winston Salem, NC. EHP provides case management services to assist these individuals in acquiring and retaining permanent housing. EHP will help participants learn how to develop a realistic budget and utilize resources to meet their multiple needs. Case management services will include needs assessment, resource identification, referring and linking, and life/success skills education and coaching. Using grant funding, EHP will also assist with the rental deposit, utility bill, household items and food for program participants.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95%; rating input score 95
  • Program expense ratio: 78.8%; rating input score 79

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: -20.4%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -4.9% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 95% of revenue deployed · 78.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.