Faith at Work (EIN 570836193) - 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

1987

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Faith at Work, founded in 1987, is a micro nonprofit that reported $32K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 67% operating deficit.

Mission

Preach and teach the gospel of Jesus Christ to the church and the public by whatever means available to us including television preaching ministry.

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,153

Program Service Revenue $0

Investment Income $-10,494

Other Revenue $0

TOTAL REVENUE $31,659

Expense Breakdown

Grants Paid $32,555

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,894

Other Expenses $20,339

TOTAL EXPENSES $52,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,659	$171,739	-0.8%
Expenses	$52,894	$113,963	-0.5%
Net Income	$-21,235	$57,776	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Hendrix	Director	0.00	Officer	$0	$0	$0
Mark Muncey	Director	0.00	Officer	$0	$0	$0
William C Hedgpeth Jr	Associate Minister	0.00	Officer	$0	$0	$0
William C Hedgpeth	President	40.00	Officer	$0	$0	$0
Betty Hedgpeth	Treasurer	20.00	Officer	$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
2023	$31,659	$52,894	$337,933	$-21,235
2022	$171,739	$113,963	$361,202	$57,776
2021	$221,784	$138,640	$304,654	$83,144
2020	$156,338	$158,797	$224,349	$-2,459
2019	$149,912	$172,374	$227,323	$-22,462
2018	$195,787	$211,477	$248,452	$-15,690

Faith at Work