FAITH HOME INC (EIN 576034112) - 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

2009

Principal Officer

JAMES GOWAN

Phone

8642230694

Tax Period

2023-01-01 to 2023-12-31

FAITH HOME INC, founded in 2009, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. The organization ran a surplus of $385K, a strong 17% operating margin.

Mission

FAITH HOME PROVIDES FAITH-BASED ALCOHOL AND DRUG ADDICTION PROGRAMS IN GREENWOOD, SPARTANBURG, AND ABBEVILLE. WE ARE THE LARGEST CHRISTIAN RECOVERY PROGRAM IN THE SOUTHEAST WITH A 135 RESIDENT BED CAPACITY.

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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 $593,828

Program Service Revenue $0

Investment Income $3,204

Other Revenue $1,642,154

TOTAL REVENUE $2,239,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,040

Fundraising Expenses $0

Program Expenses $1,654,928

Other Expenses $1,425,834

TOTAL EXPENSES $1,853,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,239,186	$2,147,608	+0.0%
Expenses	$1,853,874	$1,961,952	-0.1%
Net Income	$385,312	$185,656	+1.1%

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

$54,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GOWAN	EXECUTIVE DI	40.00	Officer	$54,108	$0	$54,108
GENE ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
BUDDY AGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
BROOKE BLACKWOOD	BOARD MEMBER	N/A	Director	$0	$0	$0
GEORGE BLEY	PRESIDENT	N/A	Director	$0	$0	$0
JAN BRADSHAW	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE GORDY	SECRETARY	N/A	Director	$0	$0	$0
TAMMY LANCASTER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE LOGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
LINCOLN MCGINNIS	BOARD MEMBER	N/A	Director	$0	$0	$0
SHANE WARD	BOARD MEMBER	N/A	Director	$0	$0	$0
GLENN WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
LEROY WILLIAMS	BOARD MEMBER	N/A	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	$2,239,186	$1,853,874	$3,594,348	$385,312
2022	$2,147,608	$1,961,952	$3,380,534	$185,656
2021	$2,012,151	$1,602,555	$3,237,824	$409,596
2020	$1,322,727	$1,201,877	$2,611,639	$120,850
2019	$1,482,678	$1,144,279	$2,467,635	$338,399
2018	$1,339,798	$1,043,487	$2,128,306	$296,311

FAITH HOME INC