The Well Training Ministry Inc

EIN: 800153299 501(c)(3) Religion

Lutz, FL

Total Revenue
$207,507
Total Expenses
$132,244
Total Assets
$629,018
Net Assets
$454,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
Susan Walther
Phone
8139666205
Tax Period
2023-01-01 to 2023-12-31

The Well Training Ministry Inc, founded in 2008, is a small nonprofit in the Religion sector that reported $208K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 36% operating margin.

Mission

Organization Mission - The Well Bible Study Ministry, Inc. The Well is a 503c3, is an inter-generational ages 16, inter-generational womens training and disciplineship ministry birthed from the conviction there should be Christian environments where women may be trained by other women in discipleship. We offer Bible studies, training, events, and conferences all aimed at helping women grow and contribute in the direction of their Christian 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 (2023)

Revenue Breakdown

Contributions & Grants $211,018
Program Service Revenue $0
Investment Income $102
Other Revenue $-3,613
TOTAL REVENUE $207,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,959
Fundraising Expenses $0
Program Expenses $8,301
Other Expenses $116,285
TOTAL EXPENSES $132,244

Year-over-Year Comparison

2023 2022 Change
Revenue $207,507 $145,503 +0.4%
Expenses $132,244 $91,942 +0.4%
Net Income $75,263 $53,561 +0.4%
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
4
Independent Members
N/A
Employees
7
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
6
$10,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marisa George Secretary 020.00
Officer
$2,000 $0 $2,000
Emily Henderson CFO/Treasurer 020.00
Officer
$2,000 $0 $2,000
Sharon Tormaschy Board Member 010.00
Officer
$2,000 $0 $2,000
Nikki Somerville Board Member/Social Media 020.00
Officer
$2,000 $0 $2,000
Ivy Reeder Board Member/Community Admin 025.00
Officer
$2,000 $0 $2,000
Susan Walther President 050.00
Officer
$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 No data No data No data No data
2023 $207,507 $132,244 $629,018 $75,263
2022 $145,503 $117,908 $573,690 $27,595
2022 $145,503 $117,907 $573,690 $27,596
2022 $145,503 $91,942 $599,655 $53,561
2021 $169,151 $130,437 $563,224 $38,714
2020 $156,889 $83,562 $546,497 $73,327
2019 $135,130 $53,805 $217,704 $81,325
2018 $84,404 $41,521 $133,519 $42,883
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