Fahrenheit Inc

EIN: 470999852 501(c)(3) Religion

Norman, OK

Total Revenue
$208,225
Total Expenses
$206,158
Total Assets
$53,198
Net Assets
$53,177
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
OK
Principal Officer
Chris Elledge
Phone
9194522038
Tax Period
2024-01-01 to 2024-12-31

Fahrenheit Inc, founded in 2014, is a small nonprofit in the Religion sector that reported $208K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Fahrenheits purpose is to develop mentoring as a way to Impact and influence communities through Training, Partnering, and Modeling. We develop Mentoring Catalysts in order to help fulfill our mission of changing society through authentic relationships.

Program Service Accomplishments

Program 1
Expenses: $12,000

1 Personal mentoring is our largest program. On average, 825 mentoring meetings per year take place by Fahrenheit employees, voulunteers and independent contractors. Each mentored person is offered...

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1 Personal mentoring is our largest program. On average, 825 mentoring meetings per year take place by Fahrenheit employees, voulunteers and independent contractors. Each mentored person is offered anywhere from 1-3 hours of time each mentoring meeting. There is no charge for mentoring meetings. Topics usually center around one or more of our six areas of focus: spiritual, professional, relational, emotional, physical and mental. Meetings take place usually in cafes, personal homes or conducted online. Mentoring reaches the USA, Portugal, England, Austria, Scotland, Thailand and China.

Program 2
Expenses: $7,000

3 Mentoring partnerships are the third largest program service provided by Fahrenheit. Fahrenheit has business/church and financial partners. Business/church partnerships are like minded entities who...

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3 Mentoring partnerships are the third largest program service provided by Fahrenheit. Fahrenheit has business/church and financial partners. Business/church partnerships are like minded entities who adhere to the biblical mentoring principles of Fahrenheit. They regularly receive mentoring training and have an ongoing professional relationship with Fahrenheit. Financial partners consist of over 90 individuals, churches, businesses, trusts or other giving forums that help to financially support mentoring causes through active participation in the work of Fahrenheit. Partners are being kept in touch through email communication, yearly updates, yearly application renewal for those who require renewal for financial support. Partners also include collaborative efforts to provide quality mentor training.

Program 3
Expenses: $4,700

2 Mentoring training is our organizations second largest program service reaching 320 people. Mentors received ongoing training during the year by Fahrenheit employees or Independent Contractors. In...

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2 Mentoring training is our organizations second largest program service reaching 320 people. Mentors received ongoing training during the year by Fahrenheit employees or Independent Contractors. In addition, over 4,500 people per month received mentor training through social media posts, weekly emails and weekly podcasts. Training occurred through online and in person workshops, webinars, and group meetings.

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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 (2024)

Revenue Breakdown

Contributions & Grants $208,225
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $208,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,876
Fundraising Expenses $0
Program Expenses $23,700
Other Expenses $100,282
TOTAL EXPENSES $206,158

Year-over-Year Comparison

2024 2023 Change
Revenue $208,225 $190,200 +0.1%
Expenses $206,158 $194,156 +0.1%
Net Income $2,067 $-3,956 -1.5%
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
4
Independent Members
4
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
3
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Phil Torrance Board Member 0.00
Director
$0 $0 $0
Leah Gatlin Board Member 0.00
Director
$0 $0 $0
Marc Tabailloux Board Member 0.00
Director
$0 $0 $0
Chris Elledge CEO and Co-Founder 50.00
Officer Key Emp
$0 $0 $0
Christina Elledge COO and Co-Founder 30.00
Officer Key Emp
$0 $0 $0
Lori Kenney CFO 4.00
Officer
$0 $0 $0
John Irwin Logistics Coordinator 15.00
Key Emp
$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
2025 No data No data No data No data
2024 $208,225 $206,158 $53,198 $2,067
2023 $190,200 $194,156 $51,267 $-3,956
2022 $264,927 $300,868 $55,082 $-35,941
2021 $289,488 $338,038 $91,017 $-48,550
2020 $322,727 $328,292 $113,106 $-5,565
2019 $328,857 $287,163 $101,233 $41,694
2018 $212,995 $211,846 $59,444 $1,149
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