FAITHWORKS INC (EIN 113821376) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

MICHAEL R FODAY

Phone

5136489947

Tax Period

2022-01-01 to 2022-12-31

FAITHWORKS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $669K in total revenue in fiscal year 2022. Expenses of $605K left a modest 10% surplus.

Mission

1. SERVICES TO MENTALLY CHALLENGED AND DEVELOPMENTALLY DISABLED CLIENTS. 2. DIRECT CARE SERVICE PROVIDER, DAILY LIVING ACTIVITIES, IE, PERSONAL HYGIENE, DRESSING, FEEDING, BUDGETING, AMBULATORY NEEDS AND SKILLS

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Trantor Score

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

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $668,789

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,340

Fundraising Expenses $0

Program Expenses $605,223

Other Expenses $212,883

TOTAL EXPENSES $605,223

Year-over-Year Comparison

	2022	2021	Change
Revenue	$668,789	$663,076	+0.0%
Expenses	$605,223	$640,949	-0.1%
Net Income	$63,566	$22,127	+1.9%

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

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

$96,735

Total Directors

$96,735

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R FODAY MBA	PRESIDENT/CHAIRMAN	030.00	Officer Director	$69,235	$0	$69,235
KARA FODAY-JONES	CEO/CORP SECRETARY	040.00	Officer Director	$27,500	$0	$27,500
TODD M SHEPHERD	VICE PRESIDENT	001.00	Director	$0	$0	$0
NANCY CHAPPELL BA	MEMBER	001.00	Director	$0	$0	$0
SANUSSI S JANNEH BS	MEMBER	001.00	Director	$0	$0	$0
PRINCE JOHNSON	MEMBER	001.00	Director	$0	$0	$0
CLIFFORD JONES	MEMBER	001.00	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
2022	$668,789	$605,223	$308,965	$63,566
2021	$663,076	$640,949	$37,094	$22,127
2020	$728,887	$630,107	$113,747	$98,780
2019	$687,709	$677,745	$16,698	$9,964
2018	$713,702	$690,072	$38,597	$23,630

FAITHWORKS INC