St Teresa Ministries Inc

What it reported doing in 2024

St. Teresa ministries have had a productive 2024 with our time, talent, and treasure. We are blessed to be able to have helped many individuals and families during this past year. We continue to operate the st. Teresa's thrift store in bowling green, Kentucky that helps produce funds to support our mission and vision. Our vision is to serve those in need in our community. Our mission is to provide food, basic necessities, and emergency services for low-income earners and the elderly by using thrift store assets and by developing and enhancing community partnerships. During 2024 we were able to give back to the community to st. Gianna crisis pregnancy center, good samaritan's, down syndrome of soky and both the local parishes' food pantries. We continue to support the st. Joseph svdp food pantry and the holy spirit svd food pantry who also help with utility bills and emergencies. The st. Joseph confernece of st. Vincent de paul food pantry reports: distributed carts of food to our clients. Provided utility assistance to families. Our volunteers contributed person-hours of their time to work. One-fourth of the person-hours were contributed when the food pantry is open. The other 75% was contributed while acquiring bread, food, soap, etc., for the food pantry. Our volunteers traveled(unreimbursed) to provide services. We continue to support other community efforts and projects. Our goal is to grow our outreach, collaborate with community partners, and be able to better serve those who need us the most, including the low-income and the elderly. We find that during difficult times, our community's hearts are softened for those in need. We appreciate each donation and know that it goes to serve our vision for this community that we love.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 74.3%; rating input score 74
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • 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: 34.9%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 2.26; rating input score 68; 68th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 24.8% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 19.6% per year; rating input score 100; 85th percentile among comparable filings
• Asset growth: 28% per year; rating input score 100; 89th percentile among comparable filings