FAITH PRESCHOOL (EIN 310940164) - 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

1978

Legal Domicile

Principal Officer

Kelley L Britt

Phone

9372334771

Tax Period

2024-01-01 to 2024-12-31

FAITH PRESCHOOL, founded in 1978, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $224K exceeded revenue, resulting in a 11% operating deficit.

Mission

Preschool serving 90 children open to the public

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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 $55,240

Program Service Revenue $146,604

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,844

Expense Breakdown

Grants Paid $430

Salaries & Benefits $166,195

Fundraising Expenses $0

Program Expenses $167,572

Other Expenses $57,060

TOTAL EXPENSES $223,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,844	$141,774	+0.4%
Expenses	$223,685	$202,877	+0.1%
Net Income	$-21,841	$-61,103	-0.6%

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

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

Total Directors

Key Employees

$34,181

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLEY L BRITT	Director	40.00	Key Emp	$34,181	$0	$34,181
MARY SKARE	President	1.00	Director	$0	$0	$0
JAN BEAM	Member	1.00	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	$201,844	$223,685	$158,294	$-21,841
2023	$141,774	$202,877	$180,135	$-61,103
2022	$353,145	$162,162	$241,238	$190,983

FAITH PRESCHOOL