Life Line Ministries No 2

EIN: 851531769 501(c)(3) Human Services

Holland, MI

Total Revenue
$356,049
Total Expenses
$296,223
Total Assets
$70,190
Net Assets
$62,409
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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
2021
Legal Domicile
MI
Phone
6163127197
Tax Period
2024-01-01 to 2024-12-31

Life Line Ministries No 2, founded in 2021, is a small nonprofit in the Human Services sector that reported $356K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 17% operating margin.

Mission

Empower youth, families and displaced individuals with Gods love through strong and upligting Christian relationships.

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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 $0
Program Service Revenue $356,049
Investment Income $0
Other Revenue $0
TOTAL REVENUE $356,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,527
Fundraising Expenses $4,562
Program Expenses $143,146
Other Expenses $234,696
TOTAL EXPENSES $296,223

Year-over-Year Comparison

2024 2023 Change
Revenue $356,049 $250,202 +0.4%
Expenses $296,223 $251,849 +0.2%
Net Income $59,826 $-1,647 -37.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
1
$54,096
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Willie J Watt Jr President 40.00
Officer
$54,096 $0 $54,096
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 $356,049 $296,223 $70,190 $59,826
2023 $250,202 $251,849 $10,364 $-1,647
2022 $160,684 $168,441 $12,011 $-7,757
2021 $242,839 $223,071 $19,768 $19,768
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