Faith in Sobriety Development Corp (EIN 261076702) - 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

2009

Legal Domicile

Principal Officer

Ruth Olaniyan

Phone

8329862732

Tax Period

2021-01-01 to 2021-12-31

Faith in Sobriety Development Corp, founded in 2009, is a micro nonprofit in the Mental Health sector that reported $56K in total revenue in fiscal year 2021. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $160K exceeded revenue, resulting in a 184% operating deficit.

Mission

To develop programs that promote and support community development initiatives

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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 (2021)

Revenue Breakdown

Contributions & Grants $22,460

Program Service Revenue $33,789

Investment Income $0

Other Revenue $0

TOTAL REVENUE $56,249

Expense Breakdown

Grants Paid $130,156

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,156

Other Expenses $29,698

TOTAL EXPENSES $159,854

Year-over-Year Comparison

	2021	2020	Change
Revenue	$56,249	$93,733	-0.4%
Expenses	$159,854	$136,060	+0.2%
Net Income	$-103,605	$-42,327	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruth Olaniyan	Executive Director	55.00	Officer	$0	$0	$0
Victoria Adaramola	Board of Chair	25.00	Director	$0	$0	$0
Kai Dunna	Board Member	25.00	Director	$0	$0	$0
Yinka Osuagwu	Treasurer	25.00	Officer	$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
2021	$56,249	$159,854	$693,312	$-103,605
2020	$93,733	$136,060	$719,817	$-42,327
2019	$23,568	$291,930	$762,144	$-268,362
2018	$642,842	$241,320	$1,030,508	$401,522
2017	$1,668,981	$1,043,254	$628,986	$625,727

Faith in Sobriety Development Corp