FAITH LEGACY FOUNDATION INC

EIN: 203481963 501(c)(3) Religion

LAFAYETTE, IN

Total Revenue
$124,042
Total Expenses
$71,259
Total Assets
$3,146,933
Net Assets
$2,286,641
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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
IN
Principal Officer
ERIK ROE
Phone
7654481986
Tax Period
2024-07-01 to 2025-06-30

FAITH LEGACY FOUNDATION INC, founded in 2005, is a small nonprofit in the Religion sector that reported $124K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 43% operating margin.

Mission

THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF ANY PUBLICLY SUPPORTED ORGANIZATION THAT IS ORGANIZED AND OPERATES FOR ONE OR MORE OF THE FOLLOWING PURPOSES: A) ADVANCEMENT OF BELIEF IN AND UNDERSTANDING CHRISTIANITY AND OF CHRISTIAN WORSHIP, B) ADVANCEMENT OR PROVISION OF CHRISTIAN ACADEMIC EDUCATION, C) ADVANCEMENT OF SPIRITUAL, MENTAL, EMOTIONAL, OR PHYSICAL HEALTH, D) RELIEF OF SPIRITUAL, MENTAL, EMOTIONAL, OR PHYSICAL SUFFERING, AND E) PREVENTION OF JUVENILE DELINQUENCY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,800
Program Service Revenue $0
Investment Income $36,842
Other Revenue $2,400
TOTAL REVENUE $124,042

Expense Breakdown

Grants Paid $59,450
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,864
Other Expenses $11,809
TOTAL EXPENSES $71,259

Year-over-Year Comparison

2024 2023 Change
Revenue $124,042 $204,724 -0.4%
Expenses $71,259 $69,967 +0.0%
Net Income $52,783 $134,757 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$289,462
Total Directors
6
$291,404
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW WESTHUIS CFO/TREASURE 0.00
Officer Director
$0 $35,697 $160,154
SCOTT GRASS DIRECTOR 0.50
Director
$0 $53,718 $131,250
ARVID OLSON EXECUTIVE DI 0.50
Officer
$0 $24,884 $129,308
GREG BOYER SECRETARY 0.50
Officer Director
$0 $0 $0
TRAVIS PHERSON DIRECTOR 0.50
Director
$0 $0 $0
ERIK ROE PRESIDENT 0.50
Officer Director
$0 $0 $0
GRANT WHALEY DIRECTOR 0.50
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
2025 $124,042 $71,259 $3,146,933 $52,783
2024 No data No data No data No data
2023 $-135,811 $70,060 $3,421,662 $-205,871
2022 $119,781 $69,569 $2,548,284 $50,212
2021 $81,715 $76,957 $2,880,144 $4,758
2020 $67,587 $62,238 $2,821,499 $5,349
2019 $68,909 $61,830 $2,959,678 $7,079
2018 $70,907 $61,594 $2,985,150 $9,313
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