TRUTH SPRING INC

EIN: 270263712 501(c)(3) Community Improvement

COLUMBUS, GA

Total Revenue
$3,786,680
Total Expenses
$3,035,876
Total Assets
$3,748,093
Net Assets
$3,733,798
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
GA
Principal Officer
CARRIE STRICKLAND
Phone
7069870457
Tax Period
2023-01-01 to 2023-12-31

TRUTH SPRING INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $751K, a strong 20% operating margin.

Mission

TRUTH SPRING, INC. IS A CHRISTIAN CHARITABLE ORGANIZATION FOCUSING ON IMPROVING LOW INCOME AREAS IN THE COMMUNITY WITH PROGRAMS AIMED AT ADDRESSING HOMELESSNESS, POVERTY, DRUG ABUSE, EDUCATION, AND CHILDCARE. THEIR MOST SIGNIFICANT ACTIVITIES ARE PROVIDING AFFORDABLE HOUSING FOR LOW INCOME FAMILIES , PROVIDING EDUCATION FOR AT-RISK CHILDREN IN THE COMMUNITY AND DEVELOPING TRADE SKILLS AND REMOVING BARRIERS TO EMPLOYMENT FOR THE UNDER-EMPLOYED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,746,402
Program Service Revenue $12,700
Investment Income $27,738
Other Revenue $-160
TOTAL REVENUE $3,786,680

Expense Breakdown

Grants Paid $1,655,833
Salaries & Benefits $1,083,802
Fundraising Expenses $0
Program Expenses $2,842,439
Other Expenses $296,241
TOTAL EXPENSES $3,035,876

Year-over-Year Comparison

2023 2022 Change
Revenue $3,786,680 $2,738,563 +0.4%
Expenses $3,035,876 $4,048,146 -0.3%
Net Income $750,804 $-1,309,583 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
10
Independent Members
9
Employees
74
Volunteers
9

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
$131,083
Total Directors
10
$54,359
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIE STRICKLAND BOARD CHAIR 40.00
Officer Director
$54,359 $0 $54,359
BILLY HOLBROOK BOARD VICE-CHAIR 15.00
Officer Director
$0 $0 $0
GARRETT GROCE MEMBER AT LARGE 3.00
Director
$0 $0 $0
MICAH MCGUIRE MEMBER AT LARGE 3.00
Director
$0 $0 $0
CARLY GUDGER MEMBER AT LARGE 3.00
Director
$0 $0 $0
RICHARD ILLGES MEMBER AT LARGE 3.00
Director
$0 $0 $0
MATT PRIELOZNY TREASURER 5.00
Officer Director
$0 $0 $0
BRAD TURNER MEMBER AT LARGE 3.00
Director
$0 $0 $0
DOUG DUNCAN MEMBER AT LARGE 3.00
Director
$0 $0 $0
EMILY TROTTER MEMBER AT LARGE 3.00
Director
$0 $0 $0
ROBERT STRICKLAND ADMINISTRATOR 40.00
Officer
$76,724 $0 $76,724
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 $3,786,680 $3,035,876 $3,748,093 $750,804
2022 $2,738,563 $4,048,146 $3,008,308 $-1,309,583
2021 $3,832,299 $1,130,635 $4,300,232 $2,701,664
2020 $1,172,382 $509,940 $1,650,871 $662,442
2019 $646,578 $391,477 $962,675 $255,101
2018 $333,493 $311,471 $664,964 $22,022
Explore More Nonprofits
Top 100 Nonprofits in Georgia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare TRUTH SPRING INC with other nonprofits in Georgia and across the country.