THE FAITHX PROJECT INC (EIN 814488713) - 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

2016

Legal Domicile

Principal Officer

KENNETH W HOWARD

Phone

3017043290

Tax Period

2024-01-01 to 2024-12-31

THE FAITHX PROJECT INC, founded in 2016, is a small nonprofit in the Religion sector that reported $429K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $160K, a strong 37% operating margin.

Mission

THE ORGANIZATION ENABLES CONGREGATIONS TO IMPROVE THEIR VITALITY AND SUSTAINABILITY BY MORE DEEPLY UNDERSTANDING AND MORE EFFECTIVELY ENGAGING THE NEIGHBORHOODS THEY SERVE. THE ORGANIZATION DOES THIS BY PROVIDING THEM WITH TOOLS AND STRATEGIES THEY REQUIRE TO ASCERTAIN THEIR OWN STRENGTHS, WEAKNESSES, AND BLIND SPOTS, EXPLORE NEIGHBORHOOD MISSIONAL OPPORTUNITIES AND CHALLENGES, AND LEVERAGING THEIR STRENGTHS TO ENGAGE THE OPPORTUNITIES.

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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 $111

Program Service Revenue $402,581

Investment Income $0

Other Revenue $26,361

TOTAL REVENUE $429,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,722

Other Expenses $268,957

TOTAL EXPENSES $268,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,053	$393,034	+0.1%
Expenses	$268,957	$351,646	-0.2%
Net Income	$160,096	$41,388	+2.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH W HOWARD	PRESIDENT	40.00	Officer Director	$0	$0	$0
DAVID MAGLOTT	TREASURER	1.00	Officer Director	$0	$0	$0
MARY FRANCES	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE ROMANO GRIFFIN	DIRECTOR	1.00	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
2024	$429,053	$268,957	$160,823	$160,096
2023	$393,034	$351,646	$121,319	$41,388

THE FAITHX PROJECT INC