First Loved Ministries Inc

Nonprofit profile at a glance

EIN: 204627765
IRS 990-EZ coverage: 2022–2023
Forms available: Form 990 2016, Form 990-EZ 2023
Location: Danvers, MA, USA
Phone: 9787910570
Rating: 82
Verdict: STRONG
Rating confidence: Moderate
Sector: Christianity
Affiliation: Christianity

Official website

Reported finances

Revenue: $170,042
Expenses: $141,942
Assets: $51,271
Liabilities: $4,204

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

ROMAN JACQUEZ (Vice President)
JOSEPH R SKOWRON (President)

People named in this filing

ROMAN JACQUEZ (Vice President)
JUSTIN ELLIS (Secretary)
JOSEPH R SKOWRON (President)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Christian Based teaching seminars and materials

What it reported doing in 2023

Develop program materials and seminars and events to teach

Operating model

Revenue model: Donor-supported. 95% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 75
Transparency & Controls: 100
Sustainability: 47
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 70.2%; rating input score 70
Program expense ratio: 84.1%; rating input score 84

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 16.5%; rating input score 70; 70th percentile among comparable filings
Total-asset coverage ratio: 0.36; rating input score 29; 29th percentile among comparable filings
Liabilities to assets ratio: 0.08; rating input score 27; 27th percentile among comparable filings
Officer compensation ratio: 18.5%; rating input score 18; 18th percentile among comparable filings

Growth

Program expense growth: -16.9% per year; rating input score 0; 11th percentile among comparable filings
Revenue growth: 6.9% per year; rating input score 100; 57th percentile among comparable filings
Asset growth: -2.9% per year; rating input score 0; 20th percentile among comparable filings

Details

Where the money goes: 70.2% of revenue deployed · 84.1% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $119K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 6 of 7 current checks pass · 1 finding to review
Schedules: 3 filed schedules
Filing history: 2 filing years from 2022 to 2023
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.

Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
High — Growth: Program expense growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 29/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 18/100.
High — Sustainability: Liabilities to assets ratio scored 27/100.