HONDURAS FOUNTAIN OF LIFE

EIN: 270235643 501(c)(3) International Affairs

FLETCHER, NC

Total Revenue
$328,957
Total Expenses
$343,389
Total Assets
$270,629
Net Assets
$270,629
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
JAMES D PEARCE JR
Phone
8283294123
Tax Period
2024-01-01 to 2024-12-31

HONDURAS FOUNTAIN OF LIFE, founded in 2009, is a small nonprofit in the International Affairs sector that reported $329K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

HELPING HONDURANS HELP HONDURANS

Program Service Accomplishments

Program 1
Expenses: $331,926

HONDURAS FOUNTAIN OF LIFE ASSISTS A LOCAL CHURCH AND ITS WORK IN HONDURAS. THE MONEY THAT IS SENT IS SENT THERE IS USED PRIMARILY IN 4 WAYS. THE FIRST IS THE SCHOOL. THEY HAVE ESTABLISHED A SCHOOL, K...

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HONDURAS FOUNTAIN OF LIFE ASSISTS A LOCAL CHURCH AND ITS WORK IN HONDURAS. THE MONEY THAT IS SENT IS SENT THERE IS USED PRIMARILY IN 4 WAYS. THE FIRST IS THE SCHOOL. THEY HAVE ESTABLISHED A SCHOOL, K THROUGH 12 GRADES. THE AVERAGE PER CAPITA INCOME IS ONLY $2,200 A YEAR SO THE STUDENTS CANNOT AFFORD TO PAY THE FULL TUITION. WE SEND APPROXIMATELY $81,000 A YEAR TO ASSIST THE SCHOOL IN PAYING TEACHER SALARIES AND OTHER EXPENSES RELATED TO EDUCATION OF THESE YOUNG PEOPLE.

Program 2

ANOTHER AREA THAT MONEY IS BEING SENT THERE FOR A MEDICAL CLINIC. THE AVERAGE PERSON CANNOT AFFORD EVEN THE MOST BASIC OF HEALTHCARE. THEREFORE WE HAVE SENT APPROXIMATELY $80,000 IN 2022 TO HELP...

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ANOTHER AREA THAT MONEY IS BEING SENT THERE FOR A MEDICAL CLINIC. THE AVERAGE PERSON CANNOT AFFORD EVEN THE MOST BASIC OF HEALTHCARE. THEREFORE WE HAVE SENT APPROXIMATELY $80,000 IN 2022 TO HELP BUILD A SMALL MEDICAL CLINIC TO HELP THE POOREST OF THE POOR TO HAVE SOME KIND OF HEALTH CARE. IN 2024 WE SENT APPROXIMATELY $60,000 TO CONSTRUCT THE 2ND FLOOR OF THE MEDICAL CLINIC.

Program 3

HE SECOND MAJOR AREA IS THE ORPHANAGE. THE CHURCH OPERATES A FULL-TIME ORPHANAGE FOR 20 TO 25 LITTLE GIRLS WHO HAVE BEEN TAKEN BY THE GOVERNMENT FROM ABUSIVE SITUATIONS. WE SEND APPROXIMATELY $52,800...

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HE SECOND MAJOR AREA IS THE ORPHANAGE. THE CHURCH OPERATES A FULL-TIME ORPHANAGE FOR 20 TO 25 LITTLE GIRLS WHO HAVE BEEN TAKEN BY THE GOVERNMENT FROM ABUSIVE SITUATIONS. WE SEND APPROXIMATELY $52,800 A YEAR TO HELP THEM OPERATE THE ORPHANAGE. THE MONEY IS USED FOR FOOD, OFFERING FOR WORKERS, MEDICAL EXPENSES, AND SCHOOL EXPENSES. THE SCHOOL AND ORPHANAGE HAVE BOTH BEEN OPERATING SINCE THE YEAR 2000.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $326,120
Program Service Revenue $0
Investment Income $2,837
Other Revenue $0
TOTAL REVENUE $328,957

Expense Breakdown

Grants Paid $279,063
Salaries & Benefits $0
Fundraising Expenses $1,592
Program Expenses $331,926
Other Expenses $64,326
TOTAL EXPENSES $343,389

Year-over-Year Comparison

2024 2023 Change
Revenue $328,957 $268,140 +0.2%
Expenses $343,389 $276,957 +0.2%
Net Income $-14,432 $-8,817 +0.6%
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
N/A
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA CANNONE BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX VAN DALEN BOARD MEMBER 1.00
Director
$0 $0 $0
DEE GILLESPIE BOARD MEMBER 1.00
Director
$0 $0 $0
ED MATHIS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MCCARTNEY BOARD MEMBER 1.00
Director
$0 $0 $0
BETSY MONTFORT BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBI RAYL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL RAYL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID TODD BOARD MEMBER 1.00
Director
$0 $0 $0
HEANG UY BOARD MEMBER 1.00
Director
$0 $0 $0
TODD WATSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES D PEARCE JR CHAIRMAN 5.00
Officer Director
$0 $0 $0
TIMOTHY MCBRIDE VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
GAIL PEARCE SECRETARY 1.00
Officer Director
$0 $0 $0
CRAIG WATKINS TREASURER 2.00
Officer 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 $328,957 $343,389 $270,629 $-14,432
2023 $268,140 $276,957 $285,061 $-8,817
2022 $236,039 $256,722 $293,878 $-20,683
2021 $381,259 $325,044 $314,561 $56,215
2020 $244,511 $244,493 $258,346 $18
2019 $484,930 $291,823 $258,328 $193,107
2018 $241,386 $277,198 $65,221 $-35,812
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