Horace Holmes Ministries Inc
Nonprofit profile at a glance
- EIN
- 882471799
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Macon, GA, USA
- Phone
- 4782560997
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $168,806
- Expenses
- $154,001
- Assets
- $35,547
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- HORACE HOLMES JR (PRESIDENT)
People named in this filing
- HORACE HOLMES JR (PRESIDENT)
- YVONNE C HOLMES (CFO)
- JUSTICE VERDA M COLVIN (BOARD 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
Through partnership and collaboration, our mission is to build a ministry that will help people fulfill their god-given purpose in the earth by opening doors that address their physical, emotional, and spiritual needs.
What it reported doing in 2024
We serve god by serving people in need of physical, emotional, and spiritual support. Many people come to us through various agencies and churches. We personally meet with each of them to see if they truly are in need. We also want them to have some skin in the game and not just a handout. Then, we use our connections to seek donated items from charitable organizations, local businesses, churches, and the community to provide for specific physical needs. It could be as simple as a kitchen table and chairs for a family to sit and eat together, a washing machine for laundry, or a desktop computer for a child to do homework. No matter the need, we believe that through prayer, god will provide. Once the physical need is met, we take the next step to provide emotional and spiritual support that will impact the live of these individuals and families for years to come.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.8%; rating input score 89
- Program expense ratio: 97.3%; rating input score 97
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: 8.8%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 62% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 55.9% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 47.3% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 88.8% of revenue deployed · 97.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $150K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 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 — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Operating margin scored 56/100.