Faithworks Inc (EIN 010551546) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Robert Boulter

Phone

5403137682

Tax Period

2024-01-01 to 2024-12-31

FAITHWORKS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $563K in total revenue in fiscal year 2020. Revenue surged 235% from the prior year, signaling strong growth momentum. Expenses of $543K left a modest 4% surplus.

Mission

Renew communities and the lives of individuals and families that live in them.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $311,600

Program Service Revenue $0

Investment Income $787

Other Revenue $17,116

TOTAL REVENUE $329,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,601

Fundraising Expenses $0

Program Expenses $285,118

Other Expenses $219,732

TOTAL EXPENSES $299,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,503	$258,053	+0.3%
Expenses	$299,333	$249,791	+0.2%
Net Income	$30,170	$8,262	+2.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$30,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Boulter	President	20.00	Officer Director	$30,000	$0	$30,000
Reynard Ramsey	Chairman	1.00	Officer Director	$0	$0	$0
Helen Carole Matosin	Director	1.00	Director	$0	$0	$0
Eugenia Grant	Director	1.00	Director	$0	$0	$0
Randal Moon	Vice President	1.00	Officer Director	$0	$0	$0
Susan Newton Rhodes	Director	1.00	Director	$0	$0	$0
Takiesha Williams	Board Member	1.00	Director	$0	$0	$0
Louis Bailey Jr	Board Member	1.00	Director	$0	$0	$0
Emma Bridges	Secretary	1.00	Officer Director	$0	$0	$0
Annabella Vega	Board Member	1.00	Director	$0	$0	$0
James Washington	Director	1.00	Director	$0	$0	$0
Jordan Baylor	Director	1.00	Director	$0	$0	$0
Jasmine Edwards	Director	1.00	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	$329,503	$299,333	$56,933	$30,170
2023	$258,053	$249,791	$26,763	$8,262
2022	$230,860	$266,719	$18,501	$-35,859
2021	$473,737	$466,678	$64,926	$7,059
2020	$562,968	$542,733	$52,272	$20,235

Faithworks Inc