SPIRIT OF FAITH ADOPTIONS INC (EIN 202231985) - 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

2006

Legal Domicile

Principal Officer

PHILLIP WURSTER

Phone

4198435355

Tax Period

2024-01-01 to 2024-12-31

SPIRIT OF FAITH ADOPTIONS INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 20% operating margin.

Mission

TO PROVIDE CHRIST-CENTERED ADOPTION SERVICES, INCLUDING EDUCATION AND AWARENESS. WE OFFER GRACE, COMPASSION, AND SUPPORT TO BIOLOGICAL PARENTS, ADOPTIVE FAMILIES, AND ADOPTEES AS THEY NAVIGATE THE LIFELONG JOURNEY OF ADOPTION.

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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 $190,004

Program Service Revenue $303,785

Investment Income $0

Other Revenue $31,831

TOTAL REVENUE $525,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,196

Fundraising Expenses $0

Program Expenses $367,473

Other Expenses $243,840

TOTAL EXPENSES $422,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$525,620	$435,644	+0.2%
Expenses	$422,036	$329,736	+0.3%
Net Income	$103,584	$105,908	0.0%

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
PHILLIP WURSTER	PRESIDENT	20.00	Officer Director	$0	$0	$0
LISA WURSTER	BOARD MEMBER	0.35	Director	$0	$0	$0
EDWARD MCCONNELL JR	BOARD MEMBER	0.35	Director	$0	$0	$0
MARK SEITZINGER	BOARD MEMBER	0.35	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	$525,620	$422,036	$266,289	$103,584
2023	$435,644	$329,736	$214,577	$105,908
2022	$282,354	$232,843	$91,332	$49,511
2021	$237,707	$237,121	$36,586	$586
2020	$276,899	$245,357	$40,473	$31,542
2019	$210,044	$262,766	$18,047	$-52,722
2018	$242,580	$259,286	$7,836	$-16,706

SPIRIT OF FAITH ADOPTIONS INC