SPOKANE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALING ROOMS MINISTRIES, founded in 1999, is a small nonprofit in the Religion sector that reported $440K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $693K exceeded revenue, resulting in a 58% operating deficit.
Our ministry team is here to serve the community and the Body of Christ while contending for all that Christ promised the church would move in. We minister a Salvation Message, the Healing Word, the Anointing that Empowers the Word, Prayer and Deliverance of the Sick and an Impartation for Healing to the Local Church.
2023 Form 990 Program Service AccomplishmentsWe are in a season of rebuilding our network of Healing Rooms. Our International Association membership is growing again.We are still doing training at...
2023 Form 990 Program Service AccomplishmentsWe are in a season of rebuilding our network of Healing Rooms. Our International Association membership is growing again.We are still doing training at our headquarters every other month. Our national and regional directors are doing the same. We are very encouraged to see the work of the ministry growing.We still sponsor the Global Summit here in Spokane each September.Our staff is more committed than ever to see healing and restoration take place in Gods people.We purchased a retreat center in Nine Mile Falls, WA for further ministry.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $439,784 | $512,323 | -0.1% |
| Expenses | $693,089 | $626,742 | +0.1% |
| Net Income | $-253,305 | $-114,419 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHELLE Y PIERCE | Secretary | 40.00 |
Officer
Director
|
$21,925 | $0 | $21,925 |
| CALVIN C PIERCE | President | 40.00 |
Officer
Director
|
$6,738 | $0 | $6,738 |
| RUSH HUNT | Director | 4.00 |
Director
|
$0 | $0 | $0 |
| LAURA FRIEND | Secretary | 4.00 |
Director
|
$0 | $0 | $0 |
| RICK TAYLOR | Director | 4.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $439,784 | $693,089 | $2,557,467 | $-253,305 |
| 2022 | $512,323 | $626,742 | $2,197,349 | $-114,419 |
| 2021 | $2,019,423 | $503,640 | $2,342,806 | $1,515,783 |
| 2020 | $342,281 | $448,855 | $2,370,355 | $-106,574 |
| 2019 | $402,912 | $560,907 | $2,320,352 | $-157,995 |
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