The Lore Family Ministries Inc

Nonprofit profile at a glance

EIN
862158525
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Portsmouth, OH, USA
Phone
7409351188
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$271,675
Expenses
$280,106
Assets
$31,561
Liabilities
$79,791

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

Leadership & pay

7 people listed

Executive titles in this filing

  • DARREN W LORE (PRESIDENT)

Highest reported compensation

  • DARREN W LORE (PRESIDENT): $66,113 total reported compensation
  • FAYTH D WHISNANT (SECRETARY/TR): $28,993 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To share, preach, sing and teach the gospel, locally, regionally, nationally and abroad. To help develop believers, seek converts and worship our creator god. Evangelism and edification of believers is our aim. This could include assistance to other evangelistic ministries and to follow biblical principles to help the needy in furtherance of the gospel.

What it reported doing in 2024

Conduct single or a series of evangelistic meetings, church services, singing events, revivals, and other outreach opportunities to spread the gospel of jesus christ to wherever he (christ) leads. Romans 10:13. Participated in various services while witnessing salvation experiences at various meetings with many others dedicating their lives to christ. Traveled to about 16 states and in addition to singing events, preached the gospel in multiple services. These meetings included revivals, camp meetings and dedicated conferences such as undivided family conference, real women retreat, true purpose girls conference, and the reset pastor/spouse retreat. Produce periodic newsletters and send to those that have indicated a desire to receive updates about the ministry. Support and promote similar faith based ministries in their mission.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 52
  • Sustainability: 18
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.5%; rating input score 90
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: $2.72 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 57.1%; rating input score 57; 17th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.1%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 2.53; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 34%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -9% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -46.1% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 89.5% of revenue deployed · 86.8% of spending went to programs
  • Governance: 4 of 7 board members independent · 4 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $243K in reported program spending
  • Leadership: top reported pay $66K · 7 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • 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.

  • Review — Accountability: Independent voting board scored 57/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.