Refreshing Lives Church Inc

EIN: 331114503 501(c)(3) Religion

New Bern, NC

Total Revenue
$247,455
Total Expenses
$347,099
Total Assets
$804,204
Net Assets
$-138,670
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
Ronald Scott
Phone
2526715395
Tax Period
2021-01-01 to 2021-12-31

Refreshing Lives Church Inc, founded in 2005, is a small nonprofit in the Religion sector that reported $247K in total revenue in fiscal year 2021. Expenses of $347K exceeded revenue, resulting in a 40% operating deficit.

Mission

To Spread the Gospel of Jesus Christ

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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 (2021)

Revenue Breakdown

Contributions & Grants $247,400
Program Service Revenue $0
Investment Income $55
Other Revenue $0
TOTAL REVENUE $247,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,512
Fundraising Expenses $0
Program Expenses $293,702
Other Expenses $214,587
TOTAL EXPENSES $347,099

Year-over-Year Comparison

2021 2020 Change
Revenue $247,455 $234,174 +0.1%
Expenses $347,099 $300,813 +0.2%
Net Income $-99,644 $-66,639 +0.5%
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
2
Independent Members
N/A
Employees
N/A
Volunteers
10

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
$22,938
Total Directors
2
$22,938
Key Employees
1
$1,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 40.00
Officer Director Key Emp Highest
$1,000 $0 $1,000
Angela Scott Treasurer 10.00
Officer Director
$21,938 $0 $21,938
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
2021 $247,455 $347,099 $804,204 $-99,644
2020 $234,174 $300,813 $685,038 $-66,639
2019 $256,544 $264,501 $652,212 $-7,957
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