Spring Life Ministries Inc (EIN 934584522) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2025

Legal Domicile

Principal Officer

Courtney Putnam

Phone

4042649400

Tax Period

2024-01-01 to 2024-12-31

Spring Life Ministries Inc, founded in 2025, is a small nonprofit in the Mental Health sector that reported $563K in total revenue in fiscal year 2024.

Mission

The Applicant is a Christian ministry rooted in biblical tradition. The Applicant adheres to its Statement of Faith which is contained within its Bylaws as Exhibit A.The Applicant requires its directors and leadership to affirmand adhere to the Statement of Faith because the Christiantradition and spiritual nature of the ministry is essential to its work. The Applicant believes the greatest human need is the ability to maintain relationalconnection with God, self, and others.The Applicants mission and persuasion arise out of its core Christian convictions that are outlined in its Statement of Faith. The purpose of the organization isto provide biblical counseling and training that accelerate healing,growth,andchange for married couples,families,adults,children,andadolescents,and to support churches, ministries, and other organizations to provide a continuum of care, equipping, and relational enrichment.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,336

Program Service Revenue $464,584

Investment Income $1,906

Other Revenue $0

TOTAL REVENUE $562,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,965

Fundraising Expenses $0

Program Expenses $474,601

Other Expenses $200,404

TOTAL EXPENSES $594,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,826	N/A	N/A
Expenses	$594,369	N/A	N/A
Net Income	$-31,543	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$110,194

Total Directors

$110,194

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Putnam	President & CEO	40.00	Officer Director	$110,194	$0	$110,194
Terry Shank	Treasurer	2.00	Officer Director	$0	$0	$0
Edward Watkins	Vice President	2.00	Officer Director	$0	$0	$0
Theta Shank	Secretary	2.00	Officer Director	$0	$0	$0
Betsy Watkins	Director	2.00	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	$562,826	$594,369	$58,100	$-31,543

Spring Life Ministries Inc