Eric Horner Ministries Inc
Eric Horner Ministries Inc. faces consistent deficit spending and growing liabilities despite stable revenue.
EIN: 201869358 · Lebanon, TN · NTEE: X80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $146K |
| Program Spending | 70% |
| Net Assets | $-13,701 |
| Transparency Score | 55/100 |
Is Eric Horner Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eric Horner Ministries Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eric Horner Ministries Inc
Eric Horner Ministries Inc (EIN: 201869358) is a nonprofit organization based in Lebanon, TN, classified under NTEE code X80. The organization reported total revenue of $163K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eric Horner Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eric Horner Ministries Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $146K |
| Surplus / Deficit | +$9K |
| Total Assets | $49K |
| Total Liabilities | $63K |
| Net Assets | $-13,701 |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 128.0% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, Eric Horner Ministries Inc reported a surplus of $9K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 128.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Eric Horner Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | -4.8% | +24.6% |
| 2022 | +4.0% | +2.2% | -4.7% |
| 2021 | +51.9% | +39.8% | +724.1% |
| 2020 | -47.3% | -27.2% | +8.3% |
| 2019 | +0.1% | -6.7% | -86.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eric Horner Ministries Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Eric Horner Ministries Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 128.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with consistent revenue and expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eric Horner Ministries Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in multiple years, e.g., 2022, 2021, 2020)
- Significant increase in liabilities from $0 in 2020 to $62,548 in 2023, leading to negative net assets in 2023
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Unusually high liabilities relative to assets in recent years (e.g., 2023: Assets $48,847, Liabilities $62,548)
Strengths
The following positive indicators were identified for Eric Horner Ministries Inc:
- Consistent revenue generation over the past decade (averaging around $150,000 annually)
- 0% reported officer compensation across all filings, indicating low executive overhead
- Regular and consistent IRS 990 filing history (14 filings), demonstrating transparency in reporting
- Growth in total assets from $4,992 in 2020 to $48,847 in 2023
Frequently Asked Questions about Eric Horner Ministries Inc
Is Eric Horner Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eric Horner Ministries Inc (EIN: 201869358) some concerns. Mission Score: 55/100. 4 red flags identified, 4 strengths noted.
How does Eric Horner Ministries Inc spend its money?
Eric Horner Ministries Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eric Horner Ministries Inc tax-deductible?
Eric Horner Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201869358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eric Horner Ministries Inc's spending goes to programs?
Eric Horner Ministries Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Eric Horner Ministries Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Eric Horner Ministries Inc is near average for NTEE category X80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eric Horner Ministries Inc located?
Eric Horner Ministries Inc is headquartered in Lebanon, Tennessee and files with the IRS under EIN 201869358. It is classified under NTEE code X80.
How many years of IRS 990 filings does Eric Horner Ministries Inc have?
Eric Horner Ministries Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $163K in total revenue.
Why have liabilities increased significantly in recent years, reaching $62,548 in 2023?
The filings show a sharp increase in liabilities from $0 in 2020 to $62,548 in 2023, which needs clarification to understand the nature of these debts and their impact on financial stability.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, which is unusual for an organization of this size.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense breakdown, it's difficult to precisely assess how efficiently funds are allocated to programs versus overhead, beyond the overall revenue and expense figures.
What is the plan to address the recurring deficit spending?
The organization has frequently spent more than it earned, for example, $153,300 in expenses against $140,310 in revenue in 2022, which is not sustainable long-term.
Filing History
IRS 990 filing history for Eric Horner Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Eric Horner Ministries Inc's revenue has declined by 20.4%, moving from $195K to $155K. Total assets increased by 3845.6% over the same period, from $1K to $49K. Total functional expenses fell by 24.2%, from $192K to $146K. In its most recent filing year (2023), Eric Horner Ministries Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $63K in liabilities against $49K in assets (debt-to-asset ratio: 128.0%), resulting in net assets of $-13,701.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $146K | $49K | $63K | — | — |
| 2022 | $140K | $153K | $39K | $63K | — | View 990 |
| 2021 | $135K | $150K | $41K | $52K | — | View 990 |
| 2020 | $89K | $107K | $5K | $0 | — | View 990 |
| 2019 | $169K | $147K | $5K | $0 | — | View 990 |
| 2018 | $169K | $158K | $35K | $0 | — | View 990 |
| 2017 | $168K | $167K | $27K | $30K | — | View 990 |
| 2016 | $165K | $176K | $26K | $7K | — | View 990 |
| 2015 | $160K | $125K | $14K | $11K | — | View 990 |
| 2014 | $203K | $191K | $15K | $11K | — | View 990 |
| 2013 | $165K | $162K | $13K | $13K | — | View 990 |
| 2012 | $194K | $189K | $21K | $279 | — | View 990 |
| 2011 | $190K | $184K | $417 | $208 | — | View 990 |
| 2010 | $195K | $192K | $1K | $290 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $146K, and assets of $49K (revenue +10.5% year-over-year).
- 2022: Revenue of $140K, expenses of $153K, and assets of $39K (revenue +4.0% year-over-year).
- 2021: Revenue of $135K, expenses of $150K, and assets of $41K (revenue +51.9% year-over-year).
- 2020: Revenue of $89K, expenses of $107K, and assets of $5K (revenue -47.3% year-over-year).
- 2019: Revenue of $169K, expenses of $147K, and assets of $5K (revenue +0.1% year-over-year).
- 2018: Revenue of $169K, expenses of $158K, and assets of $35K (revenue +0.4% year-over-year).
- 2017: Revenue of $168K, expenses of $167K, and assets of $27K (revenue +1.9% year-over-year).
- 2016: Revenue of $165K, expenses of $176K, and assets of $26K (revenue +2.8% year-over-year).
- 2015: Revenue of $160K, expenses of $125K, and assets of $14K (revenue -21.1% year-over-year).
- 2014: Revenue of $203K, expenses of $191K, and assets of $15K (revenue +23.2% year-over-year).
- 2013: Revenue of $165K, expenses of $162K, and assets of $13K (revenue -15.1% year-over-year).
- 2012: Revenue of $194K, expenses of $189K, and assets of $21K (revenue +2.3% year-over-year).
- 2011: Revenue of $190K, expenses of $184K, and assets of $417 (revenue -2.5% year-over-year).
- 2010: Revenue of $195K, expenses of $192K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eric Horner Ministries Inc:
Data Sources and Methodology
This transparency report for Eric Horner Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.