FAITH WORKS MICHIGAN (EIN 274210364) - 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

2010

Legal Domicile

Principal Officer

ROBERT QUIGLEY

Phone

2486519130

Tax Period

2024-01-01 to 2024-12-31

FAITH WORKS MICHIGAN, founded in 2010, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2024.

Mission

PROVIDE VOLUNTEERS TO ASSIST PEOPLE IN NEED (SUCH AS WIDOWS) AND ORGANIZATIONS IN NEED (SUCH AS CHURCHES) WITH REPAIRS AND MAINTENANCE OF HOMES AND BUILDINGS.

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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 $293,228

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,830

TOTAL REVENUE $280,398

Expense Breakdown

Grants Paid $291,526

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,526

Other Expenses $6,594

TOTAL EXPENSES $298,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,398	$285,763	0.0%
Expenses	$298,120	$316,162	-0.1%
Net Income	$-17,722	$-30,399	-0.4%

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
DOMENIC MORELLI	PRESIDENT	10.00	Officer Director	$0	$0	$0
RICK BRONDER	SECRETARY	10.00	Officer Director	$0	$0	$0
ROBERT QUIGLEY	TREASURER	10.00	Officer Director	$0	$0	$0
RICK FOURNIER	DIRECTOR	10.00	Director	$0	$0	$0
BRUCE GAINES	DIRECTOR	10.00	Director	$0	$0	$0
MISCHELE MAKHLOUF	DIRECTOR	10.00	Director	$0	$0	$0
SHERRY PRICE	DIRECTOR	10.00	Director	$0	$0	$0
ED ROSEBACH	DIRECTOR	10.00	Director	$0	$0	$0
CHRIS STURGES	DIRECTOR	10.00	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
2024	$280,398	$298,120	$101,474	$-17,722
2023	$285,763	$316,162	$119,196	$-30,399
2022	$371,044	$308,985	$149,595	$62,059
2021	$261,669	$232,743	$87,536	$28,926

FAITH WORKS MICHIGAN