Sweetwater Springs Biblical Counseling Center Inc

EIN: 562162795 501(c)(3) Religion

Newland, NC

Total Revenue
$68,426
Total Expenses
$57,786
Total Assets
$31,525
Net Assets
$31,525
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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
1999
Legal Domicile
NC
Phone
8288957475
Tax Period
2023-09-01 to 2024-08-31

Sweetwater Springs Biblical Counseling Center Inc, founded in 1999, is a micro nonprofit in the Religion sector that reported $68K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 16% operating margin.

Mission

To provide monetary support for Christian mission operations in foreign countries.

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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 $68,426
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $68,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,107
Other Expenses $57,786
TOTAL EXPENSES $57,786

Year-over-Year Comparison

2023 2022 Change
Revenue $68,426 $51,126 +0.3%
Expenses $57,786 $74,619 -0.2%
Net Income $10,640 $-23,493 -1.5%
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
3
Independent Members
3
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lew Halter President 005.00
Officer Director
$0 $0 $0
N/A Vice-President 002.00
Officer Director
$0 $0 $0
Roselyn Willis Secretary/Treasurer 003.00
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 $68,426 $57,786 $31,525 $10,640
2023 $51,126 $74,619 $20,885 $-23,493
2022 $67,403 $81,444 $44,378 $-14,041
2021 $98,039 $113,023 $58,419 $-14,984
2020 $78,022 $73,333 $73,403 $4,689
2018 $92,814 $72,998 $53,594 $19,816
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