FAITH AT WORK INC

EIN: 462752338 501(c)(3) Religion

DES MOINES, IA

Total Revenue
$210,587
Total Expenses
$238,007
Total Assets
$114
Net Assets
$114
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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
2013
Legal Domicile
IA
Principal Officer
Scott Brunscheen
Tax Period
2023-01-01 to 2023-12-31

FAITH AT WORK INC, founded in 2013, is a small nonprofit in the Religion sector that reported $211K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $238K exceeded revenue, resulting in a 13% operating deficit.

Mission

Faith at Work connects, inspires and serves business leaders in implementing Christian principals and ethics in the workplace. The organization publishes Inspired magazine that is distributed for free at more than 500 locations in the community and mailed to hundreds of churches and nonprofits. Faith at Work also assists other Christian nonprofits in providing staff support with strategy, marketing and fundraising counsel.

Program Service Accomplishments

Program 1
Expenses: $98,598

Each year, Faith at Work focuses on serving several individual nonprofits with services to support their broad development, marketing, and guide fundraising events. Some nonprofits provide revenue...

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Each year, Faith at Work focuses on serving several individual nonprofits with services to support their broad development, marketing, and guide fundraising events. Some nonprofits provide revenue for services provided, while donated services are provided to others. Faith at Work dedicated 65% ($98,598) in payroll expenses related to these services.

Program 2
Expenses: $75,070

Faith at Work provides administrative, program, marketing, and fiscal support to the Iowa Christian Generosity Council, a coalition of 36 Christian 501(c)(3) nonprofits that meet to encourage...

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Faith at Work provides administrative, program, marketing, and fiscal support to the Iowa Christian Generosity Council, a coalition of 36 Christian 501(c)(3) nonprofits that meet to encourage one-another and build the spirit of generosity in the community. Faith at Work dedicated 25% ($37,922) of their total payroll expenses and another ($37,148) in expenses towards ICGC.

Program 3
Expenses: $11,294

Donations and grants in supporting charitable causes is a priority, and Faith at Work financially gives back to a number of nonprofit causes and ministries each year. Faith at Work contributed a...

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Donations and grants in supporting charitable causes is a priority, and Faith at Work financially gives back to a number of nonprofit causes and ministries each year. Faith at Work contributed a total of $11,294 in charitable donations and grants.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,134
Program Service Revenue $175,453
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,587

Expense Breakdown

Grants Paid $11,294
Salaries & Benefits $137,290
Fundraising Expenses $0
Program Expenses $184,962
Other Expenses $89,423
TOTAL EXPENSES $238,007

Year-over-Year Comparison

2023 2022 Change
Revenue $210,587 $194,661 +0.1%
Expenses $238,007 $221,434 +0.1%
Net Income $-27,420 $-26,773 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
35

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
0
$0
Total Directors
1
$114,490
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Brunscheen Executive Director 48.00
Director
$114,490 $0 $114,490
Steve Risewick President 1.00
$0 $0 $0
Tyler S Wilson Treasurer 2.00
$0 $0 $0
SJ Risewick Vice President 1.00
$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
2023 $210,587 $238,007 $114 $-27,420
2022 $194,661 $221,434 $27,535 $-26,773
2021 $243,125 $238,674 $54,308 $4,451
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