The Springs Ministries Inc
Gladwin, Michigan
B+Health Score
69B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$942K
Total Revenue
📊
$925K
Total Expenses
🏦
$1.8M
Net Assets
📋
$732K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-42.4%
Year-over-year change (2022 → 2023)
Net Margin
+1.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.91
Net assets divided by total expenses
Liabilities-to-Assets
29.3%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $941,931↓42% | $925,253↑10% | $2,496,970↓3% | — |
| 2022 | $1,636,013↑89% | $842,964↓1% | $2,564,558↑20% | — |
| 2021 | $867,382↑23% | $852,483↑27% | $2,129,600↓4% | — |
| 2020 | $705,023↓19% | $669,166↓24% | $2,220,693↑2% | — |
| 2019 | $873,660↑3% | $882,431↑3% | $2,181,146↑3% | — |
| 2018 | $846,889↑13% | $856,103↑12% | $2,124,217↑6% | — |
| 2017 | $750,173↑3% | $766,808↑10% | $2,007,816↓2% | — |
| 2016 | $727,321↓3% | $695,396↑3% | $2,046,281↑1% | — |
| 2015 | $748,898↑18% | $672,329↑13% | $2,035,650 | — |
| 2014 | $635,454↑3% | $592,581↓6% | $2,045,786↓2% | — |
| 2013 | $616,455↓2% | $630,603↓2% | $2,088,703↑2% | — |
| 2012 | $626,186↓6% | $646,482 | $2,042,436↑1% | — |
| 2011 | $664,291 | $645,614 | $2,025,774 | — |
Frequently Asked Questions
What does The Springs Ministries Inc do?▼
The Springs Ministries Inc is a religion-related nonprofit organization based in Michigan. It is classified under NTEE code X21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is The Springs Ministries Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for The Springs Ministries Inc.
How much revenue does The Springs Ministries Inc generate?▼
The Springs Ministries Inc reports $989K in annual revenue and holds $2.5M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Religion-Related category, or browse all nonprofits in Michigan.