Vassal Ministries

Nonprofit profile at a glance

EIN
844745173
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
North Pole, AK, USA
Phone
9073607396
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Religious (unspecified)

Reported finances

Revenue
$140,370
Expenses
$125,851
Assets
$164,634
Liabilities
$2,922

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Mark Faires (Director, President)
  • Christopher Gates (Director, Vice President)

People named in this filing

  • Mark Faires (Director, President)
  • Christopher Gates (Director, Vice President)
  • Edwin Scott Wharton (Secretary Treasurer)

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

Vassal Ministries' goal is to serve by supplying and facilitating the logistical and physical needs of like-minded organizations and ministries seeking to fulfill the Great Commission As stated in Matthew 28:19-20. Vassal Ministries' emphasis is on those serving in remote locations in Alaska.

What it reported doing in 2024

Work Teams - Coordinated service projects to aid other organizations, particularly bible camps, in maintenance and upkeep of facilities.

Operating model

Revenue model
Donor-supported. 97% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Sustainability: 52
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.8%; rating input score 81
  • Program expense ratio: 90.1%; rating input score 90

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: 10.3%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 60.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 32.4% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: -9.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 80.8% of revenue deployed · 90.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $113K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • 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: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.