SPRING OF WATER INTERNATIONAL MINISTRIES

EIN: 010940108 501(c)(3) Religion

LAGUNA HILLS, CA

Total Revenue
$570,884
Total Expenses
$435,751
Total Assets
$1,750,612
Net Assets
$1,747,509
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
SUSAN SU-LUNE CHEN
Phone
9495025688
Tax Period
2024-01-01 to 2024-12-31

SPRING OF WATER INTERNATIONAL MINISTRIES, founded in 2009, is a small nonprofit in the Religion sector that reported $571K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $135K, a strong 24% operating margin.

Mission

Creating multimedia Bible study materials in multiple languages to share the word of God worldwide, helping people receive salvation and eternal life through faith in Jesus Christ, and strengthening the spiritual growth of believers.

Program Service Accomplishments

Program 1
Expenses: $149,444 Revenue: $167,822

4a. Bible Study - Created, translated and provided Discipleship Bible study films and guidebooks to more than 120 churches and mission organizations throughout North America, Taiwan, and other parts...

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4a. Bible Study - Created, translated and provided Discipleship Bible study films and guidebooks to more than 120 churches and mission organizations throughout North America, Taiwan, and other parts around the world to support their ministries and encourage spiritual growth among their congregations. Produced a biblical film based on the Book of Kings, accompanied by in-depth study guides to promote deeper understanding and reflection of God's word. The film was viewed from more than 50 countries. Hosted online lectures in North America, Taiwan and Europe to strengthen discipleship and biblical knowledge of hundreds of participants. Organized mission trips to Muslim world and Mexico with discipleship Bible study workshops to help local churches growth.

Program 2
Expenses: $13,250 Revenue: $18,300

4b. Muslim 1000 project - Provides ministry support in Pakistan and Egypt. Costs include support, bible study materials printing & translation fees and humanitarian relief. Translated and printed...

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4b. Muslim 1000 project - Provides ministry support in Pakistan and Egypt. Costs include support, bible study materials printing & translation fees and humanitarian relief. Translated and printed Bible study guidebooks into Arabic and donated thousands of these valuable resources to churches across Egypt to strengthen discipleship and biblical knowledge within their communities.

Program 3
Expenses: $7,000

4c. Provided scholarships to students. These scholarships enabled recipients to pursue theological education and ministry training, preparing future church leaders and Bible teachers to serve their...

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4c. Provided scholarships to students. These scholarships enabled recipients to pursue theological education and ministry training, preparing future church leaders and Bible teachers to serve their communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $523,405
Program Service Revenue $32,365
Investment Income $15,114
Other Revenue $0
TOTAL REVENUE $570,884

Expense Breakdown

Grants Paid $14,450
Salaries & Benefits $92,701
Fundraising Expenses $22,119
Program Expenses $169,694
Other Expenses $328,600
TOTAL EXPENSES $435,751

Year-over-Year Comparison

2024 2023 Change
Revenue $570,884 $625,752 -0.1%
Expenses $435,751 $367,633 +0.2%
Net Income $135,133 $258,119 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL CHAO Director 0.10
Director
$0 $0 $0
SHU HWA CHEN Director 0.10
Director
$0 $0 $0
KAOFANG YEH Director 0.10
Director
$0 $0 $0
JUIN HWEY CHEN Treasurer 5.00
Officer
$0 $0 $0
SUSAN SU-LUNE CHEN CEO 40.00
Officer
$0 $0 $0
PETER KO Secretary 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $570,884 $435,751 $1,750,612 $135,133
2023 $625,752 $367,633 $1,293,141 $258,119
2022 $381,836 $380,182 $1,022,538 $1,654
2021 $733,165 $231,767 $1,023,732 $501,398
2020 $285,621 $195,465 $520,233 $90,156
2019 $353,640 $449,868 $423,656 $-96,228
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