FINISHING WELL MINISTRIES

EIN: 472535369 501(c)(3) Religion

PLANO, TX

Total Revenue
$513,270
Total Expenses
$360,723
Total Assets
$510,356
Net Assets
$483,734
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
HAL HABECKER
Phone
9725250033
Tax Period
2024-03-01 to 2025-02-28

FINISHING WELL MINISTRIES, founded in 2014, is a small nonprofit in the Religion sector that reported $513K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 30% operating margin.

Mission

FINISHING WELL MINISTRIES (FWM) MISSION IS "TO EQUIP & ENCOURAGE SENIORS TO ACTIVELY PURSUE AND FULFILL GOD'S CALLING." FWM WILL ENGAGE, ENCOURAGE, AND MOBILIZE SENIORS TO LIVE THEIR BEST LIVES, BLESSING OTHERS WITH THEIR WISDOM, FRIENDSHIP, AND CHRISTIAN LIFE EXPERIENCES. FWM ENCOURAGES INDIVIDUALS AND CHURCHES TO USE THE RESOURCES DEVELOPED BY FWM TO HELP THEM FLOURISH AS CHRISTIAN IN THEIR AGING YEARS.

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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 $505,477
Program Service Revenue $0
Investment Income $794
Other Revenue $6,999
TOTAL REVENUE $513,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,453
Fundraising Expenses $43,527
Program Expenses $250,979
Other Expenses $180,270
TOTAL EXPENSES $360,723

Year-over-Year Comparison

2024 2023 Change
Revenue $513,270 $349,688 +0.5%
Expenses $360,723 $280,607 +0.3%
Net Income $152,547 $69,081 +1.2%
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

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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
6
Independent Members
5
Employees
2
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
$161,343
Total Directors
6
$161,343
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAL HABECKER PRESIDENT 50.00
Officer Director
$83,250 $78,093 $161,343
RANKIN GASAWAY VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
RANDY HESS DIRECTOR 2.00
Director
$0 $0 $0
STEVE PARISH DIRECTOR 2.00
Director
$0 $0 $0
BRENT RATLIFF DIRECTOR 2.00
Director
$0 $0 $0
LINK SIMPSON TREASURER 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
2025 $513,270 $360,723 $510,356 $152,547
2024 $349,688 $280,607 $356,027 $69,081
2023 $306,079 $299,880 $286,946 $6,199
2022 $261,423 $254,801 $280,747 $6,622
2021 $270,846 $216,601 $274,125 $54,245
2020 $223,031 $205,506 $219,880 $17,525
2019 $194,367 $213,877 $202,355 $-19,510
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