Forget Me Not Ministries Inc

Forget Me Not Ministries Inc consistently operates with a surplus and zero officer compensation, demonstrating strong financial health.

EIN: 204909057 · Sellersburg, IN · NTEE: Q30 · Updated: 2026-03-28

$342KRevenue

$746KAssets

90/100Mission Score (Excellent)

Q30

About Forget Me Not Ministries Inc

Forget Me Not Ministries Inc (EIN: 204909057) is a nonprofit organization based in Sellersburg, IN, classified under NTEE code Q30. The organization reported total revenue of $342K and total assets of $746K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forget Me Not Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Forget Me Not Ministries Inc demonstrates consistent financial health with a steady growth in assets over the past decade, reaching $746,606 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $359,736 exceeded expenses of $320,648. This indicates sound financial management and an ability to build reserves. The organization also maintains extremely low liabilities, reporting $0 in 2023, which is a strong indicator of financial stability and responsible fiscal practices.

Spending efficiency appears to be strong, with a significant portion of expenses likely directed towards programs given the absence of officer compensation and minimal liabilities. The consistent revenue generation, averaging around $300,000 annually, supports its operations effectively. The lack of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to higher program spending ratios.

Transparency is high regarding executive compensation, as the organization consistently reports 0% officer compensation. This provides clear insight into how funds are allocated. The consistent filing of IRS Form 990s over 13 periods further enhances transparency, allowing for a comprehensive review of its financial history and trends.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Forget Me Not Ministries Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Forget Me Not Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Forget Me Not Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly unusual for an organization of its size and revenue.

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 Forget Me Not Ministries Inc's IRS 990 filings:

Consistent 0% officer compensation may warrant further inquiry into how leadership is supported or if key personnel are compensated through other means not classified as officer compensation.

Strengths

The following positive indicators were identified for Forget Me Not Ministries Inc:

Consistent financial surplus, with revenue exceeding expenses in most years (e.g., $359,736 revenue vs. $320,648 expenses in 2023).
Strong asset growth over the past decade, from $541,628 in 2014 to $746,606 in 2023.
Extremely low to zero liabilities, indicating excellent financial management and minimal debt ($0 in 2023).
Consistent reporting of 0% officer compensation, suggesting a high proportion of funds may go directly to programs.
Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent compliance.

Frequently Asked Questions about Forget Me Not Ministries Inc

Is Forget Me Not Ministries Inc a good charity?

Based on its financial data, Forget Me Not Ministries Inc appears to be a well-managed charity. It consistently operates with a surplus, has growing assets, and reports zero officer compensation, suggesting a high dedication of funds to its mission.

How does Forget Me Not Ministries Inc manage its liabilities?

The organization manages its liabilities exceptionally well, consistently reporting very low or zero liabilities. For example, in 2023, liabilities were $0, indicating strong financial control and minimal debt.

What is the trend in Forget Me Not Ministries Inc's assets?

Forget Me Not Ministries Inc shows a consistent upward trend in assets, growing from $541,628 in 2014 to $746,606 in 2023, demonstrating financial growth and stability over time.

Filing History

IRS 990 filing history for Forget Me Not Ministries Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Forget Me Not Ministries Inc's revenue has grown by 21.2%, moving from $297K to $360K. Total assets increased by 85.7% over the same period, from $402K to $747K. Total functional expenses rose by 91.3%, from $168K to $321K. In its most recent filing year (2023), Forget Me Not Ministries Inc reported a surplus of $39K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$360K	$321K	$747K	$0	—	—
2022	$419K	$394K	$708K	$53	—	View 990
2021	$285K	$266K	$682K	$150	—	View 990
2020	$305K	$258K	$663K	$188	—	View 990
2019	$347K	$320K	$615K	$276	—	View 990
2018	$262K	$295K	$590K	$281	—	View 990
2017	$279K	$247K	$623K	$96	—	View 990
2016	$240K	$227K	$591K	$93	—	View 990
2015	$265K	$228K	$578K	$454	—	View 990
2014	$261K	$204K	$542K	$323	—	View 990
2013	$229K	$199K	$484K	$0	—	View 990
2012	$224K	$144K	$454K	$0	—	View 990
2011	$297K	$168K	$402K	$29K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $360K, expenses of $321K, and assets of $747K (revenue -14.2% year-over-year).
2022: Revenue of $419K, expenses of $394K, and assets of $708K (revenue +47.1% year-over-year).
2021: Revenue of $285K, expenses of $266K, and assets of $682K (revenue -6.5% year-over-year).
2020: Revenue of $305K, expenses of $258K, and assets of $663K (revenue -12.1% year-over-year).
2019: Revenue of $347K, expenses of $320K, and assets of $615K (revenue +32.6% year-over-year).
2018: Revenue of $262K, expenses of $295K, and assets of $590K (revenue -6.1% year-over-year).
2017: Revenue of $279K, expenses of $247K, and assets of $623K (revenue +16.4% year-over-year).
2016: Revenue of $240K, expenses of $227K, and assets of $591K (revenue -9.6% year-over-year).
2015: Revenue of $265K, expenses of $228K, and assets of $578K (revenue +1.5% year-over-year).
2014: Revenue of $261K, expenses of $204K, and assets of $542K (revenue +14.2% year-over-year).
2013: Revenue of $229K, expenses of $199K, and assets of $484K (revenue +1.9% year-over-year).
2012: Revenue of $224K, expenses of $144K, and assets of $454K (revenue -24.4% year-over-year).
2011: Revenue of $297K, expenses of $168K, and assets of $402K.

Data Sources and Methodology

This transparency report for Forget Me Not 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.