FAITHHEALTHINNOVATIONS INC

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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

1992

Legal Domicile

Principal Officer

DR BRIAN DAVIS

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

FAITHHEALTHINNOVATIONS INC, founded in 1992, is a small nonprofit in the Religion sector that reported $169K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 64% operating deficit.

Mission

OPENING DOORS TO HOPE AND WHOLENESS WITH FAITH COMMUNITIES, LAY LEADERS, AND CLERGY THROUGH COACHING, CONSULTING, INTERIM MINISTRY, LEADERSHIP DEVELOPMENT, SPIRITUAL FORMATION, AND EMOTIONAL INTELLIGENCE TRAINING.

Program Service Accomplishments

Program 1

Expenses: $273,271 Revenue: $58,941

THE ORGANIZATION PROVIDES TECHNICAL, ACADEMIC, AND RESEARCH ASSISTANCE TO THE FAITHHEALTH DIVISION OF ATRIUM HEALTH WAKE FOREST BAPTIST AS PART OF THE MISSION TO IMPROVE ACCESS TO HEALTH SERVICES AND INDIVIDUALS' HEALTH STATUS THROUGH BUILDING AND ALIGNING COMMUNITY HEALTH ASSETS, BEGINNING IN THE COMMUNTIES LIKELY TO BE SERVED BY THE MEDICAL CENTER. THE ORGANIZATION ALSO CONTINUES TO PROVIDE EDUCATIONAL, CONSULTING AND SUPPORT SERVICES TO CONGREGATIONS, DENOMINATIONS, AND THEIR LEADERS. DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION PROVIDED A MONTHLY AVERAGE OF NEARLY 240 CONSULTATION HOURS TO CONGREGATIONS, MINISTERS, AND CHURCH-CENTERED AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,160

Program Service Revenue $58,941

Investment Income $4,007

Other Revenue $0

TOTAL REVENUE $169,108

Expense Breakdown

Grants Paid $82,538

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,271

Other Expenses $194,998

TOTAL EXPENSES $277,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,108	$412,175	-0.6%
Expenses	$277,536	$253,205	+0.1%
Net Income	$-108,428	$158,970	-1.7%

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

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

$3,211,876

Total Directors

$614,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A CLARK	TREASURER	0.10	Officer	$1,431,976	$145,795	$1,577,771
J MCLAIN WALLACE JR	SECRETARY	1.00	Officer	$0	$35,934	$1,019,508
DR GARY GUNDERSON	DIRECTOR, PRESIDENT (TO 7/30/23)	5.00	Officer Director	$411,968	$32,929	$444,897
BRIAN K DAVIS	DIRECTOR, PRESIDENT (FR 8/1/23)	5.00	Officer Director	$152,039	$17,661	$169,700

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	No data	No data	No data	No data
2023	$169,108	$277,536	$460,675	$-108,428
2022	$412,175	$253,205	$567,246	$158,970
2021	$187,456	$84,978	$419,032	$102,478
2021	$268,376	$268,936	$800,055	$-560
2020	$227,865	$288,279	$322,208	$-60,414
2019	$327,444	$248,110	$384,713	$79,334
2018	$376,284	$342,715	$339,076	$33,569