LIVING WORD MINISTRIES INC

EIN: 352334935 501(c)(3) Religion

DORA, AL

Total Revenue
$292,272
Total Expenses
$225,585
Total Assets
$819,287
Net Assets
$819,287
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
Phone
2056483000
Tax Period
2024-01-01 to 2024-12-31

LIVING WORD MINISTRIES INC, founded in 2007, is a small nonprofit in the Religion sector that reported $304K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $95K, a strong 31% operating margin.

Mission

LIVING WORD MINISTRIES OPERATS A TV MINISTRY. WE ARE ABLE TO SPREAD THE GOSPEL THROUGHOUT THE AREA TOUCHING THE LIVES OF MANY PEOPLE.

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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 $292,272
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $292,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $206,252
Other Expenses $225,585
TOTAL EXPENSES $225,585

Year-over-Year Comparison

2024 2023 Change
Revenue $292,272 $500,000 -0.4%
Expenses $225,585 N/A N/A
Net Income $66,687 $500,000 -0.9%
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
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOMMY COMBS President 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 $292,272 $225,585 $819,287 $66,687
2023 $432,713 $512,488 $772,433 $-79,775
2022 $407,964 $798,802 $852,208 $-390,838
2021 $671,439 $187,492 $1,243,046 $483,947
2020 $303,713 $208,364 $759,099 $95,349
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