Faith Apostolic Ministries

EIN: 272702469 501(c)(3) Religion

Gilmer, TX

Total Revenue
$252,141
Total Expenses
$213,878
Total Assets
$255,525
Net Assets
$253,165
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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
2022
Legal Domicile
TX
Principal Officer
Michael Putman
Tax Period
2023-01-01 to 2023-12-31

Faith Apostolic Ministries, founded in 2022, is a small nonprofit in the Religion sector that reported $252K in total revenue in fiscal year 2023. The organization ran a surplus of $38K, a strong 15% operating margin.

Mission

To receive and disburse charitable contributions for ministry services and the furtherance of the Apostolic Faith.

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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 (2023)

Revenue Breakdown

Contributions & Grants $252,141
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $252,141

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,416
Fundraising Expenses $0
Program Expenses $213,878
Other Expenses $95,462
TOTAL EXPENSES $213,878

Year-over-Year Comparison

2023 2022 Change
Revenue $252,141 N/A N/A
Expenses $213,878 N/A N/A
Net Income $38,263 N/A N/A
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Putman President 0.00
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
2024 No data No data No data No data
2023 $252,141 $213,878 $255,525 $38,263
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