FWRM SUPPORT CORPORATION

EIN: 834133880 501(c)(3) Philanthropy & Grantmaking

FORT WAYNE, IN

Total Revenue
$458,024
Total Expenses
$1,992,768
Total Assets
$18,001,480
Net Assets
$1,697,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IN
Principal Officer
REVEREND DONOVAN COLEY
Phone
2604267357
Tax Period
2023-07-01 to 2024-06-30

FWRM SUPPORT CORPORATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $458K in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 335% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF THE FORT WAYNE RESCUE MISSION MINISTRIES INC.

Program Service Accomplishments

Program 1
Expenses: $1,582,902 Revenue: $457,935

CERTIFICATES OF OCCUPANCY FOR THE NEW FACILITY WERE RECEIVED ON JULY 7, 2020. THE RIBBON CUTTING CEREMONY WAS CELEBRATED JULY 10, 2020.

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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 $0
Program Service Revenue $457,935
Investment Income $89
Other Revenue $0
TOTAL REVENUE $458,024

Expense Breakdown

Grants Paid $1,100,384
Salaries & Benefits $0
Fundraising Expenses $3,107
Program Expenses $1,582,902
Other Expenses $892,384
TOTAL EXPENSES $1,992,768

Year-over-Year Comparison

2023 2022 Change
Revenue $458,024 $460,352 0.0%
Expenses $1,992,768 $1,222,348 +0.6%
Net Income $-1,534,744 $-761,996 +1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

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
$247,873
Total Directors
5
$247,873
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY MUSICK TREASURER 1.00
Officer Director
$0 $26,348 $126,280
REVEREND DONOVAN COLEY CEO 1.00
Officer Director
$0 $40,226 $121,593
DAN GARMAN DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS STITZER DIRECTOR 1.00
Director
$0 $0 $0
JAMES SWIFT SECRETARY 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
2025 No data No data No data No data
2024 $458,024 $1,992,768 $18,001,480 $-1,534,744
2023 $460,352 $1,222,348 $19,448,008 $-761,996
2022 $3,323,540 $1,069,060 $20,121,788 $2,254,480
2021 $417,969 $1,081,335 $20,450,594 $-663,366
2020 $1,154,652 $150,715 $19,903,828 $1,003,937
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