Sole Desire Ministries
Nonprofit profile at a glance
- EIN
- 203670288
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2022
- Location
- McKinney, TX, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $53,779
- Expenses
- $42,550
- Assets
- $12,447
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Amber Peairs (President)
People named in this filing
- Amber Peairs (President)
- Judy Springfield (Secretary Treasurer)
- Rolando Lopez (Officer)
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
The purpose of this organization is to promote the advancement of religion through Christian music mission outreaches and training.
What it reported doing in 2023
Worship Services Events for Local Church: Sole Desire Ministries provided a worship pastor for 5 partner churches that were without staff for one reason or another. The ministry was able to bring support and partner with the local churches so they could fulfill their purpose in the community. This benefitted over 3500 people. Expenses related to program are meals promotional advertising daily operation utility expenses and continuing education.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 96% 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
SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.5%; rating input score 60
- Program expense ratio: 75.2%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20.9%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -2% per year; rating input score 0; 44th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 59.5% of revenue deployed · 75.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2014 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 11/100.