KEEP THE FAITH FOUNDATION INC

EIN: 311695818 501(c)(3) Education

BOLTON, MS

Total Revenue
$312,960
Total Expenses
$283,783
Total Assets
$336,711
Net Assets
$336,711
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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
2003
Legal Domicile
MS
Principal Officer
TONIA COWAN
Phone
6012148958
Tax Period
2021-01-01 to 2021-12-31

KEEP THE FAITH FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2021. Revenue surged 1871% from the prior year, signaling strong growth momentum. Expenses of $284K left a modest 9% surplus.

Mission

IMPROVEMENT OF PEOPLES LIVES THROUGH COMMUNITY SERVICES AND PROGRAMS THROUGH EDUCATION, TRAINING AND WORK OPPORTUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $311,125
Program Service Revenue $1,211
Investment Income $624
Other Revenue $0
TOTAL REVENUE $312,960

Expense Breakdown

Grants Paid $264,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $283,076
Other Expenses $18,933
TOTAL EXPENSES $283,783

Year-over-Year Comparison

2021 2020 Change
Revenue $312,960 $15,875 +18.7%
Expenses $283,783 $20,392 +12.9%
Net Income $29,177 $-4,517 -7.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONIA COWAN President 20.00
Director
$0 $0 $0
JAMES THRASHER Director 2.00
Director
$0 $0 $0
LONDON THOMPSON Director 8.00
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
2021 $312,960 $283,783 $336,711 $29,177
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