FAITH LEGACY PROPERTIES INC (EIN 203483047) - 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

2005

Legal Domicile

Principal Officer

MATTHEW WESTHIUS

Phone

7654481986

Tax Period

2024-07-01 to 2025-06-30

FAITH LEGACY PROPERTIES INC, founded in 2005, is a micro nonprofit that reported $95K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO FAITH BAPTIST CHURCH OF LAFAYETTE, INC. (AN EXEMPT ORGANIZATION UNDER SECTION 501 OF THE INTERNAL REVENUE CODE)

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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 $33,118

Program Service Revenue $55,087

Investment Income $-1,968

Other Revenue $8,648

TOTAL REVENUE $94,885

Expense Breakdown

Grants Paid $2,545

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $128,932

TOTAL EXPENSES $131,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,885	$160,175	-0.4%
Expenses	$131,477	$136,700	0.0%
Net Income	$-36,592	$23,475	-2.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$291,404

Total Directors

$131,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW WESTHIUS	CFO	0.00	Officer	$0	$35,697	$160,154
SCOTT GRASS	SECRETARY/TR	0.50	Officer Director	$0	$53,718	$131,250
PETE FORSTER	DIRECTOR	0.50	Director	$0	$0	$0
PHIL LEIGHTY	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIK ROE	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	$94,885	$131,477	$2,438,995	$-36,592
2024	$160,175	$136,700	$2,474,977	$23,475
2023	$273,407	$107,641	$2,452,735	$165,766
2022	$593,713	$225,510	$2,290,534	$368,203
2021	$370,985	$100,048	$1,977,385	$270,937
2020	$161,586	$243,461	$1,711,241	$-81,875
2019	$50,232	$77,978	$1,783,838	$-27,746

FAITH LEGACY PROPERTIES INC