CHANCE WALTERS MINISTRIES INC

EIN: 463549174 501(c)(3) Religion

GREENSBORO, NC

Total Revenue
$217,793
Total Expenses
$209,387
Total Assets
$53,726
Net Assets
$53,726
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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
2014
Legal Domicile
NC
Principal Officer
CECIL CHANCE WALTERS
Phone
3366762967
Tax Period
2023-01-01 to 2023-12-31

CHANCE WALTERS MINISTRIES INC, founded in 2014, is a small nonprofit in the Religion sector that reported $218K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $209K left a modest 4% surplus.

Mission

TO TEACH AND PREACH THE GOSPEL OF JESUS CHRIST THROUGH SPEAKING ENGAGEMENTS AT RELIGIOUS VENUES, CONDUCT THE WORK OF EVANGELISM INCLUDING PUBLIC EVANGELISTIC ACTIVITIES AND OFFER BIBLE BASED EVANGELIS

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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 (2023)

Revenue Breakdown

Contributions & Grants $198,704
Program Service Revenue $0
Investment Income $0
Other Revenue $19,089
TOTAL REVENUE $217,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,200
Fundraising Expenses $0
Other Expenses $116,187
TOTAL EXPENSES $209,387

Year-over-Year Comparison

2023 2022 Change
Revenue $217,793 $196,648 +0.1%
Expenses $209,387 $197,006 +0.1%
Net Income $8,406 $-358 -24.5%
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
N/A
Independent Members
N/A
Employees
1
Volunteers
12

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
$93,200
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CECIL CHANCE WALTERS PRESIDENT 39.00
Director Highest
$93,200 $0 $93,200
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 No data No data No data No data
2023 $217,793 $209,387 $53,726 $8,406
2022 $196,648 $197,006 $57,670 $-358
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