QUIET WATERS MINISTRIES INC

EIN: 261570909 501(c)(3) Religion

MADISON, MS

Total Revenue
$931,910
Total Expenses
$309,178
Total Assets
$904,705
Net Assets
$904,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MS
Principal Officer
CAROL MATHENY
Phone
6015940148
Tax Period
2024-01-01 to 2024-12-31

QUIET WATERS MINISTRIES INC, founded in 2008, is a small nonprofit in the Religion sector that reported $932K in total revenue in fiscal year 2024. Revenue surged 288% from the prior year, signaling strong growth momentum. The organization ran a surplus of $623K, a strong 67% operating margin.

Mission

TO GLORIFY GOD AS WE COME ALONGSIDE CHRIST-HONORING CHURCHES TO SERVE PEOPLE LIVING WITH DISABILITIES, DISEASES, AND DISORDERS.

Program Service Accomplishments

Program 1
Expenses: $223,042 Revenue: $45,470

QUIET WATERS MINISTRIES OPERATES AS A CAMP AND RECREATIONAL FACILITY TO PROVIDE A BIBLICAL BASED MINISTRY FOR PERSONS WITH DISABILITIES. THE THREE MAJOR PROGRAM SERVICES ARE RETREATS, RESPITE, AND...

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QUIET WATERS MINISTRIES OPERATES AS A CAMP AND RECREATIONAL FACILITY TO PROVIDE A BIBLICAL BASED MINISTRY FOR PERSONS WITH DISABILITIES. THE THREE MAJOR PROGRAM SERVICES ARE RETREATS, RESPITE, AND RESTORATION. IN THE CURRENT FACILITY, THE MINISTRY IS ABLE TO SERVE 12 PARTICIPANTS IMPACTED BY DISABILITY AT A TIME AT EACH RESPITE CARE OPPORTUNITY. THE ORGANIZATION HOSTS YEAR-ROUND RESPITE CARE WITH OVER 30 OPPORTUNITIES FOR FAMILIES THROUGHOUT THE YEAR. RESPITE CARE OPPORTUNITIES ARE AVAILABLE FOR ALL AGES OF INDIVIDUALS IMPACTED BY DISABILITY. QUIET WATERS HOSTS AN AVERAGE OF 4 RETREATS PER YEAR, 3 ARE HELD AT THE CURRENT FACILITY AND 1 AT A RENTED FACILITY. THE LARGEST RETREAT SERVES OVER 50 FAMILIES IMPACTED BY DISABILITY OVER A 5-DAY RETREAT. FOR RESTORATION, THE MINISTRY OFFERS YEAR-ROUND COUNSELING FOR ANYONE IMPACTED BY DISEASE, DISABILITY, OR DISORDERS. THE ORGANIZATION ALSO HOSTS AN ANNUAL COMMUNITY EVENT SERVING AROUND 1,000 PEOPLE AND AN ANNUAL WOMEN'S EVENT SERVING AROUND 35 MOTHERS. FINALLY, QUIET WATERS HAS WEEKLY HOSPITAL VISITS AND HOLIDAY VISITS FOR AROUND 100 FAMILIES AT EACH MAJOR HOLIDAY.

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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 $886,379
Program Service Revenue $45,470
Investment Income $61
Other Revenue $0
TOTAL REVENUE $931,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,905
Fundraising Expenses $27,870
Program Expenses $223,042
Other Expenses $139,273
TOTAL EXPENSES $309,178

Year-over-Year Comparison

2024 2023 Change
Revenue $931,910 $239,894 +2.9%
Expenses $309,178 $216,437 +0.4%
Net Income $622,732 $23,457 +25.5%
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
7
Independent Members
7
Employees
7
Volunteers
97

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
10
$86,116
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD RUSS BOARD MEMBER 1.00
Director
$0 $0 $0
BETH MACNEILL BOARD MEMBER 1.00
Director
$0 $0 $0
MYRA PENN BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY MCKEY BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY MILLER CHAIRPERSON 1.00
Officer Director
$0 $0 $0
WES DODD FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN HEALY FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA KAY BYRD FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
ELAINE DODD FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
SAM COCKROFT FORMER PRESIDENT 1.00
Officer Director
$0 $0 $0
SANDRA HULTZ FORMER SECRETARY 1.00
Officer Director
$0 $0 $0
JAY BOURNE FORMER TREASURER 1.00
Officer Director
$0 $0 $0
BENJAMIN BARNETTE FORMER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICK BENSON SECRETARY 1.00
Officer Director
$0 $0 $0
CAROL MATHENY TREASURER 1.00
Officer Director
$0 $0 $0
MARTIE KWASNY EXECUTIVE DIRECTOR 40.00
Officer
$10,000 $0 $10,000
GREGORY HAWKINS FORMER EXECUTIVE DIRECTOR 40.00
Officer
$39,624 $0 $39,624
KAYLA BETH ADAMS INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$36,492 $0 $36,492
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 $931,910 $309,178 $904,705 $622,732
2023 $239,894 $216,437 $609,571 $23,457
2022 $159,039 $131,218 $587,982 $27,821
2021 $205,204 $185,070 $516,692 $20,134
2020 $155,449 $121,262 $520,241 $34,187
2019 $168,716 $146,765 $534,264 $21,951
2018 $69,820 $97,364 $492,792 $-27,544
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