Living Waters Retreats Inc

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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

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

Program Service Accomplishments

Program 1

Expenses: $427,621

Restoring families thru Christ centered emotional healing

Program 2

Hosted Healing the Heart Retreats, Marriage Retreats, Intensive Retreats, Youth Retreat, Mens Retreat, Easter Purification Retreats are focused on healing broken releationships whether it be marriage or family oriented and restoring these relationships. We also hosted several overnight prayer sessions.

Program 3

Produced thousands of brochures and booklets. While a small amount were sold a vast majority wer distributed to the public at no charge. In addition several free resources were available on our...

Produced thousands of brochures and booklets. While a small amount were sold a vast majority wer distributed to the public at no charge. In addition several free resources were available on our website.

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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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

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