Herald of Faith Inc (EIN 366132745) - 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

1959

Legal Domicile

Phone

8584860299

Tax Period

2022-01-01 to 2022-12-31

Herald of Faith Inc, founded in 1959, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2022. Expenses of $226K exceeded revenue, resulting in a 11% operating deficit.

Mission

Develop village pastors, training, and financial reliefs to isolated communities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $202,496

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,496

Expense Breakdown

Grants Paid $75,197

Salaries & Benefits $98,950

Fundraising Expenses $2,868

Program Expenses $218,496

Other Expenses $51,517

TOTAL EXPENSES $225,664

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,496	$203,399	0.0%
Expenses	$225,664	$193,644	+0.2%
Net Income	$-23,168	$9,755	-3.4%

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

$98,950

Total Directors

$98,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Miguel Rivera	President	40.00	Officer Director	$0	$62,450	$62,450
Steve Fitzpatrick	Treasurer	40.00	Officer Director	$0	$36,500	$36,500
Art Womack	Secretary	1.00	Officer Director	$0	$0	$0
Karl Mattsson-Boze	Board Member	1.00	Officer Director	$0	$0	$0
Rick Frelke	Board Member	1.00	Officer 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
2022	$202,496	$225,664	$12,792	$-23,168
2021	$203,399	$193,644	$31,290	$9,755
2019	$237,975	$245,609	$31,473	$-7,634
2018	$253,172	$261,858	$39,107	$-8,686

Herald of Faith Inc