FAITH PROJECT INC (EIN 462385281) - 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

2011

Legal Domicile

Principal Officer

Kathy Adams

Phone

2186822980

Tax Period

2021-01-01 to 2021-12-31

FAITH PROJECT INC, founded in 2011, is a small nonprofit that reported $101K in total revenue in fiscal year 2021. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 21% operating deficit.

Mission

Currently we are working in the villages of Garde Saline, Dumas, and Viard, Haiti trying to build sustainable communities. The projects for 2021 include, running multiple medical clinics both stationary and mobile, supporting and building a Christian grade school, doing village leadership training and formation and working with other non-profits in follow up reporting on previous projects and villages they have worked in.

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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 (2021)

Revenue Breakdown

Contributions & Grants $101,119

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,119

Expense Breakdown

Grants Paid $118,555

Salaries & Benefits $0

Fundraising Expenses $2,421

Program Expenses $118,555

Other Expenses $4,297

TOTAL EXPENSES $122,852

Year-over-Year Comparison

	2021	2020	Change
Revenue	$101,119	$142,567	-0.3%
Expenses	$122,852	$145,967	-0.2%
Net Income	$-21,733	$-3,400	+5.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Adams	President	10	Officer Director	$0	$0	$0
Cleantus Jean	Vice President	10	Officer Director	$0	$0	$0
Richard Adams	Treasurer	10	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
2021	$101,119	$122,852	No data	$-21,733
2020	$142,567	$145,967	$24,298	$-3,400
2019	$93,050	$105,264	$27,698	$-12,214
2018	$72,736	$54,639	$39,912	$18,097

FAITH PROJECT INC