FAITHHEALTHINNOVATIONS INC (EIN 237426944) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

FAITHHEALTHINNOVATIONS INC