ETERNAL LIFE INC

EIN: 611164067 501(c)(3) Religion

BARDSTOWN, KY

Total Revenue
$820,816
Total Expenses
$356,103
Total Assets
$6,661,676
Net Assets
$6,661,676
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
KY
Principal Officer
JARED SPALDING
Phone
8008422871
Tax Period
2024-01-01 to 2024-12-31

ETERNAL LIFE INC, founded in 1989, is a small nonprofit in the Religion sector that reported $821K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $465K, a strong 57% operating margin.

Mission

THE ORGANIZATION IS DEDICATED TO PROMOTING AND DEFENDING THE ROMAN CATHOLIC RELIGION AND EDUCATING PEOPLE ABOUT THE FAITH. IN ORDER TO ACCOMPLISH THE MISSION AND EDUCATE PEOPLE ABOUT THE FAITH, THE ORGANIZATION DISTRIBUTES CATHOLIC LITERATURE AND AUDIO RECORDINGS THAT PROVIDE INFORMATION ABOUT CATHOLICISM. THE ORGANIZATION ALSO CONDUCTS RELIGIOUS CONFERENCES.

Program Service Accomplishments

Program 1
Expenses: $145,591 Revenue: $589,755

SALES OF MATERIALS FOR EDUCATION ABOUT FAITH.

Program 2
Expenses: $197,290

GRANTS TO ENCOURAGE AND FACILITATE 501(C)(3) ORGANIZATIONS AND PRIESTS IN THEIR EFFORTS TO TEACH AND PROMOTE THE ROMAN CATHOLIC FAITH.

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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 $25,843
Program Service Revenue $0
Investment Income $683,492
Other Revenue $111,481
TOTAL REVENUE $820,816

Expense Breakdown

Grants Paid $197,290
Salaries & Benefits $18,325
Fundraising Expenses $6,611
Program Expenses $342,881
Other Expenses $140,488
TOTAL EXPENSES $356,103

Year-over-Year Comparison

2024 2023 Change
Revenue $820,816 $686,615 +0.2%
Expenses $356,103 $329,360 +0.1%
Net Income $464,713 $357,255 +0.3%
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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Governance

Voting Members
4
Independent Members
4
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
$18,325
Total Directors
4
$18,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP SPALDING DIR/VP 1.00
Officer Director
$0 $0 $0
MARTHA SPALDING DIR/SEC/TREAS 1.00
Officer Director
$0 $0 $0
THOMAS P MONAGHAN MEMBER OF BOARD 4.00
Director
$0 $0 $0
JARED SPALDING TREASURER 10.00
Officer Director
$18,325 $0 $18,325
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 $820,816 $356,103 $6,661,676 $464,713
2023 $686,615 $329,360 $6,040,456 $357,255
2022 $2,356,122 $333,567 $5,637,807 $2,022,555
2021 $240,229 $202,164 $3,795,576 $38,065
2020 $245,716 $164,894 $3,316,677 $80,822
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