LIVING WATERS INC

EIN: 200372534 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$223,773
Total Expenses
$87,004
Total Assets
$155,209
Net Assets
$155,209
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Phone
7049443119
Tax Period
2024-01-01 to 2024-12-31

LIVING WATERS INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2024. The organization ran a surplus of $137K, a strong 61% operating margin.

Mission

LIVING WATERS SERVES AS A LIASON BETWEEN THE COMMUNITY AND ORGANIZATIONS TO ENSURE THAT ACCESSIBILITY IS KNOWN BY THE COMMUNITY.

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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 $222,773
Program Service Revenue $1,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,787
Fundraising Expenses $0
Program Expenses $53,549
Other Expenses $48,217
TOTAL EXPENSES $87,004

Year-over-Year Comparison

2024 2023 Change
Revenue $223,773 $219,983 +0.0%
Expenses $87,004 $36,130 +1.4%
Net Income $136,769 $183,853 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN BEEN PRESIDENTCEO 25.00
Officer Director
$0 $0 $0
WILLIE J CRITE Jr VICE PRESIDENT TREASURER 10.00
Officer Director
$0 $0 $0
LAWRENCE BARKEY BEY BOARD MEMBER 10.00
Director
$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 $223,773 $87,004 $155,209 $136,769
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