HOUSE OF MERCY

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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

2005

Legal Domicile

Principal Officer

Robert Faulk Jr

Phone

2065019378

Tax Period

2024-01-01 to 2024-12-31

HOUSE OF MERCY, founded in 2005, is a community nonprofit in the Religion sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 5% surplus.

Mission

Prison ministry and provide faith based clean and sober housing programs to both men and women.

Program Service Accomplishments

Program 1

Expenses: $2,762,331 Revenue: $2,007,821

Faith based clean and sober housing programs for men and women.

Program 2

Expenses: $287,829 Revenue: $184,744

Prison Ministry

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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 $1,207,424

Program Service Revenue $2,007,821

Investment Income $146

Other Revenue $0

TOTAL REVENUE $3,215,391

Expense Breakdown

Grants Paid $1,698,632

Salaries & Benefits $1,012,325

Fundraising Expenses $0

Program Expenses $3,050,160

Other Expenses $187,863

TOTAL EXPENSES $3,050,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,215,391	$2,559,938	+0.3%
Expenses	$3,050,160	$2,361,765	+0.3%
Net Income	$165,231	$198,173	-0.2%

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

N/A

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

Total Directors

$387,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Faulk Jr	CEO	30.00	Director	$141,360	$0	$141,360
Michael Lovrick	Program Manager	40.00	Director	$99,250	$0	$99,250
Cristi Faulk	Finance Manager	40.00	Director	$86,500	$0	$86,500
Glenn Kelly	Tech Director	40.00	Director	$60,740	$0	$60,740
Robert Faulk Sr	Chairman	40.00	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	$3,215,391	$3,050,160	$1,171,625	$165,231
2023	$2,559,938	$2,361,765	$1,008,244	$198,173
2022	$1,877,597	$1,651,250	$637,107	$226,347
2021	$1,310,162	$1,372,141	$402,420	$-61,979
2020	$1,443,932	$1,460,902	$465,300	$-16,970
2019	$1,608,557	$1,611,091	$485,820	$-2,534