FAITH ACADEMY INC

EIN: 562106573 501(c)(3) Human Services

CLINTON, NC

Total Revenue
$409,942
Total Expenses
$409,942
Total Assets
$295,971
Net Assets
N/A
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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
1998
Legal Domicile
NC
Principal Officer
DONNA M ALLEN
Phone
9105927647
Tax Period
2024-01-01 to 2024-12-31

FAITH ACADEMY INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $410K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Provide daycare services to the Robeson County 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $409,942
Investment Income $0
Other Revenue $0
TOTAL REVENUE $409,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $241,056
Fundraising Expenses $0
Program Expenses $385,628
Other Expenses $168,886
TOTAL EXPENSES $409,942

Year-over-Year Comparison

2024 2023 Change
Revenue $409,942 $375,078 +0.1%
Expenses $409,942 $375,078 +0.1%
Net Income $0 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
7
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
2
$62,400
Total Directors
3
$0
Key Employees
1
$62,400
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA M ALLEN CEO / PRESIDENT 40
Officer Key Emp Highest
$62,400 $0 $62,400
SYLVESTER WILSON TREASURER 1
Director
$0 $0 $0
TRACY PRYOR SECRETARY 1
Officer
$0 $0 $0
JACQUELINE GUNN BOARD MEMBER 1
Director
$0 $0 $0
KIA SAUNDERS BOARD MEMBER 1
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 $409,942 $409,942 $295,971 No data
2023 $375,078 $375,078 $295,971 No data
2022 $363,258 $341,783 $295,971 $21,475
2021 $284,927 $259,376 $276,437 $25,551
2020 $294,314 $292,152 $250,646 $2,162
2019 $258,229 $350,435 $247,430 $-92,206
2018 $350,057 $297,632 $153,997 $52,425
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