Sole Ministries

Nonprofit profile at a glance

EIN
201788723
IRS 990 coverage
2022–2022
Forms available
Form 990 2022, Form 990-EZ 2020, Form 990-N 2011
Location
Albuquerque, NM, USA
Phone
5055540654
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$205,246
Expenses
$130,936
Assets
$564,428
Liabilities
$378,342

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • RONALDO CERVANTES (PRESIDENT)
  • VENTURA RUYBAL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RONALDO CERVANTES (PRESIDENT): $17,946 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Christian ministry- to glorify god by providing families with a distinctly christ-centered, biblical foundation, for a life-long pursuit of their god-given calling. Develop christian worldview thinking, so that christians evaluate their entire range of experience in light of scripture. Encourage every christian to begin and develop his/her relationship with god the father through jesus christ. Provide a clear model of biblical christian life and culture through our faculty, staff, and board. Teach all subjects as part of an integrated whole with scripture at the center. Establish local and international humanitarian aid programs that provide for those most impoverished.

What it reported doing in 2022

Radiate program - weekly television broadcast across nm broadcasting the gospel of jesus christ. Website with links to information about chirch service, bible study broadcast times and channels, other christian links. Community support through outreach.

Operating model

Revenue model
Donor-supported. 91% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 85
  • Accountability: 69
  • Sustainability: 68
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.3%; rating input score 62
  • Program expense ratio: 97.5%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 36.2%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 4.31; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 13.7%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 10% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 34.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 62.3% of revenue deployed · 97.5% of spending went to programs
  • Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $128K in reported program spending
  • Leadership: top reported pay $18K · 6 people listed
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 3 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 — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.