Faith Educational Ministries Inc (EIN 582412386) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

7704904191

Tax Period

2024-01-01 to 2024-12-31

Faith Educational Ministries Inc, founded in 1998, is a small nonprofit in the Education sector that reported $978K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

Faith Academy is an AdvanceED accredited high school and provides an alternative method for students to earn an Accredited High School Diploma. Faith Academy's non-traditional method of instruction involves a highly disciplinary approach and assists the student's ability to work independently.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $975,510

Investment Income $2,934

Other Revenue $0

TOTAL REVENUE $978,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $709,642

Fundraising Expenses $0

Program Expenses $923,148

Other Expenses $465,064

TOTAL EXPENSES $1,174,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$978,444	$1,468,006	-0.3%
Expenses	$1,174,706	$1,131,749	+0.0%
Net Income	$-196,262	$336,257	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$205,925

Total Directors

$205,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Crawford	President	40.00	Officer Director	$74,700	$16,075	$90,775
Lisa Crawford	Vice President	40.00	Officer Director	$99,075	$16,075	$115,150

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	$978,444	$1,174,706	$215,077	$-196,262
2023	$1,468,006	$1,131,749	$423,760	$336,257
2022	$1,054,114	$1,075,321	$94,630	$-21,207
2021	$1,241,493	$1,158,974	$133,773	$82,519
2020	$1,458,511	$1,380,254	$112,919	$78,257
2019	$1,544,118	$1,565,586	$45,331	$-21,468
2018	$1,738,814	$1,785,204	$48,699	$-46,390

Faith Educational Ministries Inc