Walking By Faith Ministries Inc (EIN 800104892) - 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

2004

Legal Domicile

Phone

7046515664

Tax Period

2024-01-01 to 2024-12-31

Walking By Faith Ministries Inc, founded in 2004, is a small nonprofit in the Religion sector that reported $128K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 17% operating margin.

Mission

Religious chuch - ministery outreach

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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 (2024)

Revenue Breakdown

Contributions & Grants $128,415

Program Service Revenue $0

Investment Income $30

Other Revenue $0

TOTAL REVENUE $128,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,012

Fundraising Expenses $0

Other Expenses $84,525

TOTAL EXPENSES $106,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,445	$193,193	-0.3%
Expenses	$106,537	$131,852	-0.2%
Net Income	$21,908	$61,341	-0.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Janice Coombs	Secretary	Director	$0	$0	$0
Nate Huggins	Deacon	Director	$0	$0	$0
Gloria Kelly	Trustee	Director	$0	$0	$0
Eunice Venson	Trustee	Director	$0	$0	$0
Kem Williams	Trustee	Director	$0	$0	$0
Larry Miller	Deacon	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
2024	$128,445	$106,537	$940,312	$21,908
2023	$177,715	$117,764	$988,875	$59,951
2022	$185,986	$61,036	$1,141,858	$124,950
2021	$202,305	$60,445	$601,922	$141,860

Walking By Faith Ministries Inc