Spring Life Ministries Inc
Nonprofit profile at a glance
- EIN
- 934584522
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Woodstock, GA, USA
- Phone
- 4042649400
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Counseling, Support Groups
- Affiliation
- Christianity
Reported finances
- Revenue
- $562,826
- Expenses
- $594,369
- Assets
- $58,100
- Liabilities
- $37,552
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Courtney Putnam (President & CEO)
- Edward Watkins (Vice President)
Highest reported compensation
- Courtney Putnam (President & CEO): $110,194 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
Individual Counseling
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 90
- Accountability: 38
- Sustainability: 16
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 20%; rating input score 20; 9th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.6%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 18.5%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 84.4% of revenue deployed · 79.8% of spending went to programs
- Governance: 1 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $475K in reported program spending
- Leadership: top reported pay $110K · 5 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 20/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 17/100.