Faithworks of the Inner City Inc

EIN: 710894379 501(c)(3) Human Services

Oklahoma City, OK

Total Revenue
$2,799,903
Total Expenses
$1,243,812
Total Assets
$5,844,904
Net Assets
$5,812,435
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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
2003
Legal Domicile
OK
Principal Officer
Sally Goin
Tax Period
2023-01-01 to 2023-12-31

Faithworks of the Inner City Inc, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 56% operating margin.

Mission

Spreading the gospel of Jesus Christ to inner city children and their families.

Program Service Accomplishments

Program 1
Expenses: $1,059,587

Spreading the gospel of Jesus Christ to inner city children and their families and to offer ministry opportunities.

Program 2

Established and operated a class for mothers and three year olds to get them ready for school as four year olds.

Program 3

Created a Thrift Store to provide training in distributive trades for students involved in program activities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,651,648
Program Service Revenue $169,550
Investment Income $14,737
Other Revenue $-36,032
TOTAL REVENUE $2,799,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $486,766
Fundraising Expenses $39,857
Program Expenses $1,059,587
Other Expenses $757,046
TOTAL EXPENSES $1,243,812

Year-over-Year Comparison

2023 2022 Change
Revenue $2,799,903 $1,435,287 +1.0%
Expenses $1,243,812 $1,093,000 +0.1%
Net Income $1,556,091 $342,287 +3.5%
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
7
Independent Members
6
Employees
25
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
2
$53,089
Total Directors
7
$30,257
Key Employees
1
$53,089
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sally Goin Exeutive Director 40.00
Officer Key Emp Highest
$53,089 $0 $53,089
Kevin Slemp Director 1.00
Director
$30,257 $0 $30,257
Megan Slemp Director 1.00
Director
$0 $0 $0
Gonzalo Vasquez Director 1.00
Director
$0 $0 $0
Gary Courtney Director 1.00
Director
$0 $0 $0
Dustin Anderson Director 1.00
Director
$0 $0 $0
Toby Anderson Director 1.00
Director
$0 $0 $0
Jay Risner President 1.00
Officer 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 $2,799,903 $1,243,812 $5,844,904 $1,556,091
2022 $1,435,287 $1,093,000 $4,275,461 $342,287
2021 $1,885,777 $1,262,722 $3,919,739 $623,055
2020 $2,118,636 $892,929 $3,384,536 $1,225,707
2019 $1,162,097 $981,795 $2,149,901 $180,302
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