STRONG LIFE MINISTRIES

EIN: 830953644 501(c)(3) Human Services

CONOVER, NC

Total Revenue
$304,867
Total Expenses
$237,835
Total Assets
$655,165
Net Assets
$654,659
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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
2018
Legal Domicile
NC
Principal Officer
JOHN HAYS
Phone
8285786088
Tax Period
2023-01-01 to 2023-12-31

STRONG LIFE MINISTRIES, founded in 2018, is a small nonprofit in the Human Services sector that reported $305K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $67K, a strong 22% operating margin.

Mission

Educate, coordinate resources, provide aid and relief, and foster transformation in the lives of individuals who are in poverty or homelessness

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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 $268,195
Program Service Revenue $21,136
Investment Income $1,741
Other Revenue $13,795
TOTAL REVENUE $304,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,689
Fundraising Expenses $0
Program Expenses $220,155
Other Expenses $169,146
TOTAL EXPENSES $237,835

Year-over-Year Comparison

2023 2022 Change
Revenue $304,867 $266,406 +0.1%
Expenses $237,835 $180,760 +0.3%
Net Income $67,032 $85,646 -0.2%
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

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
10

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
4
$17,800
Total Directors
4
$17,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HAYS PRESDENT/DIRECTOR 30.00
Officer Director
$17,800 $0 $17,800
JASON DILLINGHAM VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
STEVE CLARK TREASURER/DIRECTOR 2.00
Officer Director
$0 $0 $0
JOSEPH HERRELL SECRETARY/DIRECTOR 1.00
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 No data No data No data No data
2023 $304,867 $237,835 $655,165 $67,032
2023 $304,867 $237,835 $655,165 $67,032
2022 $266,406 $180,760 $591,015 $85,646
2021 $221,712 $157,768 $503,129 $63,944
2020 $435,447 $51,906 $438,152 $383,541
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