LIVING FAITH MINISTRIES INC (EIN 541375229) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

2766763806

Tax Period

2023-01-01 to 2023-12-31

LIVING FAITH MINISTRIES INC, founded in 2004, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $665K, a strong 31% operating margin.

Mission

TO PROVIDE RELIGIOUS AND EDUCATIONAL PROGRAMMING TO THE VIEWING AUDIENCE AND SUPPORTERS OF THE NETWORK.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $380,003

Program Service Revenue $1,285,037

Investment Income $211,031

Other Revenue $9,366

TOTAL REVENUE $1,885,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,609

Fundraising Expenses $107,566

Program Expenses $1,028,199

Other Expenses $1,371,383

TOTAL EXPENSES $2,025,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,885,437	$1,995,667	-0.1%
Expenses	$2,025,992	$2,084,554	0.0%
Net Income	$-140,555	$-88,887	+0.6%

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

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

$219,349

Total Directors

$219,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D SMITH	PRESIDENT/DIRECTOR	50.00	Officer Director	$110,738	$0	$110,738
LISA SMITH	V-P & SECRETARY/DIRECTOR	50.00	Officer Director	$108,611	$0	$108,611
JOHN MCCARROLL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JONES	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD JONES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,885,437	$2,025,992	$14,656,587	$-140,555
2022	$1,995,667	$2,084,554	$14,865,415	$-88,887
2021	$1,965,023	$2,020,268	$14,913,167	$-55,245
2020	$2,998,597	$1,933,529	$15,068,859	$1,065,068
2019	$4,252,694	$2,264,730	$13,920,553	$1,987,964
2018	$2,159,213	$1,494,694	$12,558,056	$664,519

LIVING FAITH MINISTRIES INC