Point FM Ministries Inc

Nonprofit profile at a glance

EIN
474447824
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Gore, VA, USA
Phone
5408692531
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Religious Radio
Affiliation
Religious (unspecified)

Reported finances

Revenue
$62,614
Expenses
$65,579
Assets
$290,929
Liabilities
$95,183

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

Leadership & pay

6 people listed

People named in this filing

  • Richard B Clemenson (Executive Dir.)
  • Faith E Clemenson (Director)
  • Maurice McGrew (Executive Dir.)

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

To construct, conduct, operate and maintain a non-commercial, educational FM broadcasting station in conformity with FCC Regulations and the laws of the Commonwealth of VA, in furtherance of an educational, instructional, and cultural program. The organization is formed exclusively for charitable, religious, and educational purposes.

What it reported doing in 2024

Conducted and maintained a non-commercial, educational FM broadcasting station in conformity with FCC Regulations and the laws of the Commonwealth of VA, in furtherance of an educational, instructional, and cultural program.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 100
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

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: -4.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 4.44; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 25.6%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -25% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -1.1% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $66K 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
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.