COMMUNITY OF FAITH FOUNDATION INC (EIN 201823379) - 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

JIMMY COLEMAN

Phone

8326540041

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY OF FAITH FOUNDATION INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $112K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $256K exceeded revenue, resulting in a 129% operating deficit.

Mission

PROVIDES SCHOLARSHIPS/EDUCATIONAL ASSISTANCE TO GRADUATING HIGH SCHOOL STUDENTS AND CHARITABLE NEEDS TO OUR IMMEDIATE COMMUNITY TO HELP FEED THOSE IN NEED OF FOOD, AND OTHER ASSISTANCE AS DESIGNATED IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,792

Program Service Revenue $0

Investment Income $100,100

Other Revenue $0

TOTAL REVENUE $111,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,672

Fundraising Expenses $76,876

Program Expenses $111,187

Other Expenses $204,168

TOTAL EXPENSES $255,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,892	$103,278	+0.1%
Expenses	$255,840	$138,407	+0.8%
Net Income	$-143,948	$-35,129	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOU ETHEL BREMOND	CEO/PRESIDENT	5.00	Officer Director	$0	$0	$0
JIMMY COLEMAN	TREASURER/BOARD MEMBER	4.00	Officer Director	$0	$0	$0
TRAVIS L MADISON	SECRETARY/BOARD MEMBER	3.00	Officer Director	$0	$0	$0
LINDA JONES	BOARD MEMBER	3.00	Officer Director Key Emp	$0	$0	$0
JUANITA THOMAS	BOARD MEMBER	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	$111,892	$255,840	$3,876,312	$-143,948
2023	$103,278	$138,407	$3,159,058	$-35,129
2021	$130,000	$68,897	$3,151,674	$61,103
2020	$1,944	$78,302	$3,514,875	$-76,358
2019	$97,000	$84,069	$3,173,470	$12,931
2018	$3,133,038	$134,229	$3,121,819	$2,998,809

COMMUNITY OF FAITH FOUNDATION INC