EQUIPPED FOR LIFE INC

EIN: 261767553 501(c)(3) Religion

WAKE FOREST, NC

Total Revenue
$79,046
Total Expenses
$66,042
Total Assets
$41,349
Net Assets
$41,349
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
DAVID HORNER
Phone
9193980401
Tax Period
2024-01-01 to 2024-12-31

EQUIPPED FOR LIFE INC, founded in 2008, is a micro nonprofit in the Religion sector that reported $79K in total revenue in fiscal year 2024. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL STILL MORE IN MINISTRY.

Program Service Accomplishments

Program 1
Expenses: $38,592 Revenue: $23,817

EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL IN MINISTRY. EFL ACCOMPLISHES THIS THROUGH FOUR...

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EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL IN MINISTRY. EFL ACCOMPLISHES THIS THROUGH FOUR PROGRAMS. FLAGSHIP FOR MISSIONS PROVIDES OUTLETS TO SUPPORT GLOBAL MISSIONS PARTNERSHIPS. THE EQUIPPING CENTER OFFERS CONSULTING SERVICES, CONFERENCE SPEAKING, COACHING AND MENTORING. THE LEADERSHIP TOOLBOX PROVIDES ARTICLES, SERMON NOTES, AND BOOKS, WHILE THE SCHOOL CONSULTING PROGRAM HELPS CHRISTIAN SCHOOL LEADERS DEVELOP CURRICULUM AS WELL AS MENTOR AND EQUIP TEACHERS. IN 2023, EQUIPPED FOR LIFE CONSULTED WITH NUMEROUS CHURCHES IN THE UNITED STATES AND ONE IN UKRAINE, LED MULTIPLE RETREATS, CONSULTED AND SPOKE AT CONFERENCES AND SEMINARS AROUND THE UNITED STATES, AND PROVIDED FINANCIAL SUPPORT TO LUTSK BIBLE CHURCH AND JORDAN EVANGELICAL THEOLOGICAL SEMINARY, AMONG OTHERS.

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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 $55,229
Program Service Revenue $23,817
Investment Income $0
Other Revenue $0
TOTAL REVENUE $79,046

Expense Breakdown

Grants Paid $10,750
Salaries & Benefits $45,516
Fundraising Expenses $5,020
Program Expenses $38,592
Other Expenses $9,776
TOTAL EXPENSES $66,042

Year-over-Year Comparison

2024 2023 Change
Revenue $79,046 $79,659 0.0%
Expenses $66,042 $95,268 -0.3%
Net Income $13,004 $-15,609 -1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
2
Volunteers
N/A

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
$34,028
Total Directors
6
$34,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HORNER CHIEF EXECUT 40.00
Officer Director
$30,562 $3,466 $34,028
STEVE MUNSHOWER SECRETARY/TR 2.00
Officer Director
$0 $0 $0
GORDON BOLIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID NEW DIRECTOR 1.00
Director
$0 $0 $0
JON ROBERSON DIRECTOR 1.00
Director
$0 $0 $0
STEVE VAUGHN DIRECTOR 1.00
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
2025 No data No data No data No data
2024 $79,046 $66,042 $41,349 $13,004
2023 $79,659 $95,268 $28,345 $-15,609
2022 $143,732 $167,279 $44,297 $-23,547
2021 $44,722 $75,976 $67,502 $-31,254
2020 $76,627 $79,542 $100,691 $-2,915
2019 $92,871 $86,095 $103,762 $6,776
2018 $197,159 $219,202 $95,705 $-22,043
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