WORD OF LIFE FOUNDATION INC

EIN: 452899583 501(c)(3) Religion

Schroon Lake, NY

Total Revenue
$11,259,564
Total Expenses
$14,074,459
Total Assets
$25,753,810
Net Assets
$25,753,810
🔒

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
2012
Legal Domicile
NY
Phone
5184946000
Tax Period
2024-01-01 to 2024-12-31

WORD OF LIFE FOUNDATION INC, founded in 2012, is a mid-sized nonprofit in the Religion sector that reported $11.3M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $14.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

The Foundation is organized and operated exclusively to support the overall mission and vision of Word of Life Fellowship, Inc (Word of Life) . Word of Life will oversee the affairs of the Foundation and ensure that all actions of the Foundation are consistent with the mission, vision, values and purposes of Word of Life. The Foundation, by receiving and managing charitable contributions, will support Word of Life and other charities whose work furthers Word of Life's purposes.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $10,222,763
Program Service Revenue $0
Investment Income $1,036,801
Other Revenue $0
TOTAL REVENUE $11,259,564

Expense Breakdown

Grants Paid $13,828,235
Salaries & Benefits $0
Fundraising Expenses $92,262
Program Expenses $13,828,235
Other Expenses $246,224
TOTAL EXPENSES $14,074,459

Year-over-Year Comparison

2024 2023 Change
Revenue $11,259,564 $24,510,604 -0.5%
Expenses $14,074,459 $17,291,989 -0.2%
Net Income $-2,814,895 $7,218,615 -1.4%
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
5
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
3
$95,636
Total Directors
10
$471,537
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lough Don H Director 2
Director
$0 $24,798 $196,264
Nelson Benjamin J Director 10
Director
$0 $16,400 $124,215
Nightingale Deb Director Treasurer 2.00
Officer Director
$0 $7,840 $71,222
Nightengale Charles D Director 2
Director
$0 $21,888 $55,422
Brown Bob G Director-Secretary 20
Officer Director
$0 $134 $24,414
Brown Andrew Director 2
Director
$0 $0 $0
Lubke Chad J Director 2
Director
$0 $0 $0
Swanson Dane Director 2
Director
$0 $0 $0
Walter R Price Director 2
Director
$0 $0 $0
Wyrtzen Ronald D President 2
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 $11,259,564 $14,074,459 $25,753,810 $-2,814,895
2023 $24,510,604 $17,291,989 $28,006,828 $7,218,615
2022 $11,873,124 $20,052,852 $19,665,070 $-8,179,728
2021 $32,657,621 $18,766,274 $29,167,251 $13,891,347
2020 $24,081,640 $29,949,940 $15,049,518 $-5,868,300
2019 $26,070,055 $21,209,090 $20,866,251 $4,860,965
2018 $14,704,228 $10,462,454 $15,929,630 $4,241,774
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WORD OF LIFE FOUNDATION INC with other nonprofits in New York and across the country.