FAITH MISSION OF ELKHART INC (EIN 356033504) - 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

1960

Legal Domicile

Principal Officer

MIKE PEREZ

Phone

5742933406

Tax Period

2024-01-01 to 2024-12-31

FAITH MISSION OF ELKHART INC, founded in 1960, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024.

Mission

1. TO PROVIDE EMERGENCY AND TRANSITION HOUSING FOR THE HOMELESS AS WELL AS MEALS, CLOTHING, TRANSP, EDUCATION, COUNSELING & CHAPEL SERVICES. TO PROVIDE MEALS ON A WALK-IN BASIS TO INDIVIDUALS IN NEED. 2. OPERATION OF A THRIFT STORE WHERE SECOND HAND CLOTHING & HHG ARE FOR SALE TO GENERAL PUBLIC. THESE ITEMS ARE ALSO PROVIDED TO MISSION RESIDENTS.

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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 $3,920,869

Program Service Revenue $170,893

Investment Income $28,655

Other Revenue $-58,075

TOTAL REVENUE $4,062,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,063,122

Fundraising Expenses $597,054

Program Expenses $3,497,793

Other Expenses $2,896,650

TOTAL EXPENSES $4,263,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,062,342	$4,241,351	0.0%
Expenses	$4,263,171	$4,170,850	+0.0%
Net Income	$-200,829	$70,501	-3.8%

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

Volunteers

5086

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

$88,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PEREZ	EXECUTIVE DI	40.00	Officer	$88,377	$0	$88,377
MIKE BLANKINSHIP	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG FERRIER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DR JEFFREY SWIHART	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ANEWBERRY	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD AKER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LITWILLER	DIRECTOR	1.00	Director	$0	$0	$0
PLEZ LOVELADY JR PHD	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CHEEK	DIRECTOR	1.00	Director	$0	$0	$0
MARK LIECHTY	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN RILEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BRISCO	DIRECTOR	1.00	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	$4,062,342	$4,263,171	$7,692,340	$-200,829
2023	$4,241,351	$4,170,850	$7,886,442	$70,501
2022	$4,802,801	$3,445,860	$7,620,362	$1,356,941
2021	$4,422,629	$3,670,820	$6,178,098	$751,809
2020	$4,640,624	$3,732,586	$5,442,823	$908,038
2019	$3,695,947	$3,756,705	$4,561,461	$-60,758
2018	$3,377,322	$3,200,271	$4,746,876	$177,051

FAITH MISSION OF ELKHART INC