FAITH AND LIFE INC

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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

2015

Legal Domicile

Principal Officer

ELISABETH G PAULS

Phone

3162832210

Tax Period

2024-01-01 to 2024-12-31

FAITH AND LIFE INC, founded in 2015, is a small nonprofit in the Religion sector that reported $459K in total revenue in fiscal year 2024. Expenses of $419K left a modest 9% surplus.

Mission

To be an arm of the church by selling religous books and materials

Program Service Accomplishments

Program 1

Expenses: $386,583 Revenue: $459,272

The purpose of Faith and Life Inc. is to encourage, inspire, and strengthen the faith of individuals in Newton and the surrounding communities. We seek to be a resource for church members and non-...

The purpose of Faith and Life Inc. is to encourage, inspire, and strengthen the faith of individuals in Newton and the surrounding communities. We seek to be a resource for church members and non- members through the sales of books, music, greeting cards, and other inspirational gifts and to partner with local church and organizations to positively impact the community.

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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 $58,650

Program Service Revenue $400,622

Investment Income $0

Other Revenue $0

TOTAL REVENUE $459,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,819

Fundraising Expenses $0

Program Expenses $386,583

Other Expenses $349,517

TOTAL EXPENSES $419,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,272	$472,421	0.0%
Expenses	$419,336	$481,683	-0.1%
Net Income	$39,936	$-9,262	-5.3%

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

Total Directors

Key Employees

$35,817

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS FRIESEN	PRESIDENT	0.00	Officer	$0	$0	$0
ELISABETH PAULS	TREASURER	0.00	Officer	$0	$0	$0
MILTON CLAASSEN	SECRETARY	0.00	Officer	$0	$0	$0
DEWAYNE PAULS	DIRECTOR	0.00	Director	$0	$0	$0
JOE FRIESEN	DIRECTOR	0.00	Director	$0	$0	$0
JUSTIN MARTIN	DIRECTOR	0.00	Director	$0	$0	$0
BETHANY MARTIN	MANAGER	40.00	Key Emp	$35,817	$0	$35,817

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	$459,272	$419,336	$326,868	$39,936
2023	$472,421	$481,683	$272,490	$-9,262
2022	$431,523	$441,483	$270,137	$-9,960
2021	$473,263	$463,554	$285,680	$9,709
2020	$390,779	$393,482	$258,549	$-2,703
2019	$385,882	$407,948	$243,081	$-22,066
2018	$396,419	$437,967	$232,471	$-41,548