FAITH HOPE AND LOVE GLOBAL MINISTRIES

EIN: 352327343 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$247,159
Total Expenses
$231,075
Total Assets
$352,637
Net Assets
$229,628
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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
2008
Legal Domicile
MN
Principal Officer
REV TIMOTHY C GEOFFRION
Phone
9523343340
Tax Period
2024-01-01 to 2024-12-31

FAITH HOPE AND LOVE GLOBAL MINISTRIES, founded in 2008, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $231K left a modest 7% surplus.

Mission

THE MISSION OF FAITH, HOPE AND LOVE GLOBAL MINISTRIES IS TO CREATIVELY INSPIRE, TEACH AND ENCOURAGE LEADERS, MINISTERS, AND OTHER MOTIVATED INDIVIDUALS TO LIVE FULLY, GROW SPIRITUALLY, AND SERVE CHRIST MORE EFFECTIVELY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $229,636
Program Service Revenue $3,192
Investment Income $14,331
Other Revenue $0
TOTAL REVENUE $247,159

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,634
Fundraising Expenses $0
Program Expenses $185,070
Other Expenses $71,441
TOTAL EXPENSES $231,075

Year-over-Year Comparison

2024 2023 Change
Revenue $247,159 $210,874 +0.2%
Expenses $231,075 $205,293 +0.1%
Net Income $16,084 $5,581 +1.9%
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
5
Independent Members
5
Employees
2
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
2
$118,800
Total Directors
7
$118,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV TIMOTHY C GEOFFRION PRESIDENT/CHAIR/SECRETARY 40.00
Officer Director
$118,800 $0 $118,800
CORRINA CONLEY BOARD OF DIRECTORS/TREASURER 0.00
Officer Director
$0 $0 $0
KATE KING BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
PAMELA STROMMEN BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
TIM CLARK BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
TOM SWAN BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
JOHN MARCH JR BOARD OF DIRECTORS 0.00
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 $247,159 $231,075 $352,637 $16,084
2023 $210,874 $205,293 $368,875 $5,581
2022 $228,924 $289,022 $327,850 $-60,098
2021 $293,794 $284,927 $298,058 $8,867
2020 $417,902 $273,958 $319,191 $143,944
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