Faith Fellowship Academy Inc (EIN 593508421) - 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

1998

Legal Domicile

Principal Officer

Carissa Reynolds

Phone

3212597200

Tax Period

2023-07-01 to 2024-06-30

Faith Fellowship Academy Inc, founded in 1998, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

Christian School - Devoted to the education of Preschool and Elementary students

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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 $0

Program Service Revenue $1,102,245

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,102,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $936,041

Fundraising Expenses $0

Program Expenses $310,233

Other Expenses $362,498

TOTAL EXPENSES $1,298,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,102,245	$1,374,251	-0.2%
Expenses	$1,298,539	$1,235,113	+0.1%
Net Income	$-196,294	$139,138	-2.4%

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

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

$113,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carissa Reynolds	Administrator/Director	40.00	Officer	$0	$0	$113,100
Ann Hoy	Director	5.00	Director	$0	$0	$0
MICKEY WEED	P	5.00	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
2025	No data	No data	No data	No data
2024	$1,102,245	$1,298,539	$93,703	$-196,294
2023	$1,374,251	$1,235,113	$285,530	$139,138
2022	$944,098	$928,212	$148,351	$15,886
2021	$907,395	$869,826	$131,588	$37,569
2020	$839,385	$974,590	$93,665	$-135,205
2019	$963,920	$1,021,326	$66,566	$-57,406
2018	$918,465	$881,418	$122,777	$37,047

Faith Fellowship Academy Inc