Faith and Life Fellowship Ministries Inc

EIN: 650872368 501(c)(3) Religion

Hollywood, FL

Total Revenue
$390,891
Total Expenses
$273,721
Total Assets
$1,240,515
Net Assets
$1,112,387
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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
FL
Principal Officer
Ethelence Taitt
Tax Period
2019-01-01 to 2019-12-31

Faith and Life Fellowship Ministries Inc, founded in 1998, is a small nonprofit in the Religion sector that reported $391K in total revenue in fiscal year 2019. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 30% operating margin.

Mission

Developing, and promoting all aspects of church ministry in the surrounding communities.

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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 (2019)

Revenue Breakdown

Contributions & Grants $270,891
Program Service Revenue $120,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $390,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,649
Fundraising Expenses $2,685
Program Expenses $257,966
Other Expenses $174,072
TOTAL EXPENSES $273,721

Year-over-Year Comparison

2019 2018 Change
Revenue $390,891 $352,307 +0.1%
Expenses $273,721 $210,111 +0.3%
Net Income $117,170 $142,196 -0.2%
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
6
Independent Members
6
Employees
3
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
6
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ethelence Taitt Director 020.00
Officer Director
$0 $0 $0
Monefe Young Secretary 020.00
Officer Director
$0 $0 $0
Carol Gardner Treasurer 020.00
Officer Director
$0 $0 $0
Vincent Joseph Member 020.00
Officer
$0 $0 $0
Laurel Taitt Member 020.00
Officer
$0 $0 $0
Debroah Joseph Member 020.00
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
2019 $390,891 $273,721 $1,240,515 $117,170
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