THE OVERCOMER FOUNDATION

EIN: 262930033 501(c)(3) Religion

EXCELSIOR, MN

Total Revenue
$482,399
Total Expenses
$425,552
Total Assets
$578,477
Net Assets
$576,109
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MN
Principal Officer
DAVID WHEATON
Phone
8886462233
Tax Period
2023-01-01 to 2023-12-31

THE OVERCOMER FOUNDATION, founded in 2009, is a small nonprofit in the Religion sector that reported $482K in total revenue in fiscal year 2023. Expenses of $426K left a modest 12% surplus.

Mission

THE OVERCOMER FOUNDATION'S MISSION IS TO HELP PEOPLE OVERCOME THE CHALLENGES OF LIFE

Program Service Accomplishments

Program 1
Expenses: $378,962 Revenue: $52,726

CURRENTLY, THE ORGANIZATION USES EDUCATIONAL MEANS TO PURSUE ITS PURPOSE THROUGH RADIO, PRINT AND VIDEO RESOURCES, AND EVENTS. FUTURE PLANS INCLUDE YOUTH EVENTS, SPORTS CAMPS, SCHOOLING, AND...

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CURRENTLY, THE ORGANIZATION USES EDUCATIONAL MEANS TO PURSUE ITS PURPOSE THROUGH RADIO, PRINT AND VIDEO RESOURCES, AND EVENTS. FUTURE PLANS INCLUDE YOUTH EVENTS, SPORTS CAMPS, SCHOOLING, AND FINANCIAL AID.

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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 (2023)

Revenue Breakdown

Contributions & Grants $425,170
Program Service Revenue $70
Investment Income $4,503
Other Revenue $52,656
TOTAL REVENUE $482,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,897
Fundraising Expenses $12,918
Program Expenses $378,962
Other Expenses $386,655
TOTAL EXPENSES $425,552

Year-over-Year Comparison

2023 2022 Change
Revenue $482,399 $476,385 +0.0%
Expenses $425,552 $228,442 +0.9%
Net Income $56,847 $247,943 -0.8%
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

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
6
Independent Members
6
Employees
4
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
3
$50,220
Total Directors
6
$50,220
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WHEATON EXECUTIVE DIR. 20.00
Officer Director
$0 $0 $0
DAVID ANDERSON TREASURER 0.00
Officer Director
$0 $0 $0
BRODIE WHEATON SECRETARY 40.00
Officer Director
$50,220 $0 $50,220
MARK WHEATON DIRECTOR 0.00
Director
$0 $0 $0
JOHN STYRBICKI DIRECTOR 0.00
Director
$0 $0 $0
BRUCE WHEATON DIRECTOR 0.00
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 No data No data No data No data
2023 $482,399 $425,552 $578,477 $56,847
2022 $476,385 $228,442 $540,073 $247,943
2021 $270,174 $163,183 $274,899 $106,991
2020 $262,175 $208,865 $152,060 $53,310
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