FAITHACTS FOR EDUCATION INC (EIN 472150020) - 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

2014

Legal Domicile

Principal Officer

BISHOP JOHN THOMPSON

Phone

2038680443

Tax Period

2024-01-01 to 2024-12-31

FAITHACTS FOR EDUCATION INC, founded in 2014, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $2.3M left a modest 4% surplus.

Mission

WE ARE PEOPLE OF FAITH BUILDING POWER TO GET OUR CHILDREN THE EDUCATION THEY DESERVE.

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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 $2,353,113

Program Service Revenue $0

Investment Income $49,158

Other Revenue $1,030

TOTAL REVENUE $2,403,301

Expense Breakdown

Grants Paid $12,150

Salaries & Benefits $1,370,113

Fundraising Expenses $355,529

Program Expenses $1,478,234

Other Expenses $803,591

TOTAL EXPENSES $2,303,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,403,301	$2,582,845	-0.1%
Expenses	$2,303,054	$3,198,272	-0.3%
Net Income	$100,247	$-615,427	-1.2%

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

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

$558,136

Total Directors

Key Employees

$206,576

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTOR JEREMY WILLIAMS	BOARD CHAIR (UNTIL 12/24)	1.00	Officer Director	$0	$0	$0
ALEX JOHNSTON	TREASURER	1.00	Officer Director	$0	$0	$0
TONI HARP	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP JOHN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LAKISHA JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR MOSES MERCEDES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MOTLEY	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE SLOSSBERG	DIRECTOR (UNTIL 6/24)	1.00	Director	$0	$0	$0
JAMILAH PRINCE-STEWART	EXECUTIVE DIRECTOR	40.00	Officer	$228,316	$30,260	$258,576
AMANDA PINTO	CCO (UNTIL 7/24)	40.00	Officer	$118,056	$4,363	$122,419
EDISHA BRANDY	EXEC. VP, OP. & FIN.	40.00	Officer	$159,857	$17,284	$177,141
DUANECIA EVANS CLARK	CHIEF STRATEGY OFFICER	40.00	Key Emp	$182,598	$23,978	$206,576
SOLANA DAVIS	SENIOR DIRECTOR OF PROGRAM	40.00	Highest	$131,223	$15,270	$146,493

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	$2,403,301	$2,303,054	$2,397,946	$100,247
2023	$2,582,845	$3,198,272	$2,326,153	$-615,427
2022	$2,237,538	$3,196,645	$2,450,605	$-959,107
2021	$3,964,948	$2,396,136	$3,023,669	$1,568,812
2020	$2,131,679	$2,007,840	$1,405,235	$123,839
2019	$1,564,882	$1,243,935	$918,141	$320,947
2018	$833,726	$1,265,735	$605,468	$-432,009

FAITHACTS FOR EDUCATION INC