FAITHFIRST FOUNDATION (EIN 352535953) - 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

2016

Legal Domicile

Principal Officer

DAVID ROSENBERG

Phone

5173885291

Tax Period

2023-01-01 to 2023-12-31

FAITHFIRST FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $149K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $142K left a modest 5% surplus.

Mission

OFFER GRANTS AND SCHOLARSHIPS TO GRADE SCHOOLS, HIGH SCHOOLS AND COLLEGE UNDERGRADUATES; AND GUIDANCE AND PASTORAL COUNSELING TO THOSE INDIVIDUALS REFERRED BY VARIOUS SCHOOLS AND AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,558

Program Service Revenue $29,503

Investment Income $67,627

Other Revenue $0

TOTAL REVENUE $148,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,179

Other Expenses $141,923

TOTAL EXPENSES $141,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,688	$212,269	-0.3%
Expenses	$141,923	$152,254	-0.1%
Net Income	$6,765	$60,015	-0.9%

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

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
TIMOTHY R FEDEWA	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROMOLO LEONE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ROSENBERG	DIRECTOR	3.00	Officer Director	$0	$0	$0
SARA ROSENBERG	TREASURER	3.00	Officer Director	$0	$0	$0
SEAN ROSENBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE SWANSON	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$148,688	$141,923	$1,494,369	$6,765
2022	$212,269	$152,254	$1,776,415	$60,015
2021	$314,556	$292,369	$1,896,738	$22,187
2020	$432,718	$116,715	$2,000,735	$316,003
2019	$163,776	$160,299	$1,577,590	$3,477
2018	$548,779	$135,009	$918,330	$413,770

FAITHFIRST FOUNDATION