Living Waters Retreats Inc

EIN: 452228009 501(c)(3) Mental Health

Hiddnite, NC

Total Revenue
$840,967
Total Expenses
$998,287
Total Assets
$245,156
Net Assets
$183,312
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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
2012
Legal Domicile
NC
Principal Officer
William L Boggs III
Phone
7046823848
Tax Period
2024-01-01 to 2024-12-31

Living Waters Retreats Inc, founded in 2012, is a small nonprofit in the Mental Health sector that reported $841K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $998K exceeded revenue, resulting in a 19% operating deficit.

Mission

Restoring families thru Christ centered emotional healing

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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 (2024)

Revenue Breakdown

Contributions & Grants $723,525
Program Service Revenue $117,442
Investment Income $0
Other Revenue $0
TOTAL REVENUE $840,967

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,722
Fundraising Expenses $44,942
Program Expenses $427,621
Other Expenses $980,565
TOTAL EXPENSES $998,287

Year-over-Year Comparison

2024 2023 Change
Revenue $840,967 $950,567 -0.1%
Expenses $998,287 $790,379 +0.3%
Net Income $-157,320 $160,188 -2.0%
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
6
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William L Boggs III President 40.00
Officer Director
$0 $0 $0
Carolyn D Boggs Vice President 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 $840,967 $998,287 $245,156 $-157,320
2023 $950,567 $790,379 $399,261 $160,188
2022 $822,015 $810,310 $231,604 $11,705
2021 $693,214 $511,965 $208,426 $181,249
2020 $330,515 $324,785 $23,226 $5,730
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