FAITH MINISTRIES INC (EIN 820361222) - 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

1981

Legal Domicile

Phone

2088821226

Tax Period

2024-07-01 to 2025-06-30

FAITH MINISTRIES INC, founded in 1981, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum.

Mission

We are a non-profit private Christian school. Our mission is education.

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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 $3,625,354

Program Service Revenue $3,071,320

Investment Income $4,683

Other Revenue $278,339

TOTAL REVENUE $6,979,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,373,318

Fundraising Expenses $3,230,358

Program Expenses $2,356,794

Other Expenses $4,604,997

TOTAL EXPENSES $6,978,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,979,696	$3,706,344	+0.9%
Expenses	$6,978,315	$3,268,358	+1.1%
Net Income	$1,381	$437,986	-1.0%

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

115

Volunteers

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

$3,927

Key Employees

$150,753

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Casebolt	School Board Chairman	2.00	Director	$0	$0	$0
Ben Bowen	School Board Member	2.00	Director	$0	$0	$0
Kirk Brower	School Board Member	2.00	Director	$3,927	$0	$3,927
Mike Church	School Board Member	2.00	Director	$0	$0	$0
Luke Jankovic	School Board Member	2.00	Director	$0	$0	$0
Aaron Rench	School Board Member	2.00	Director	$0	$0	$0
Rob Sentz	School Board Member	2.00	Director	$0	$0	$0
Jordan Smith	School Board Member	2.00	Director	$0	$0	$0
Nathan Wilson	School Board Member	2.00	Director	$0	$0	$0
Matthew Whitling	Superintendent	40.00	Key Emp	$140,529	$10,224	$150,753

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	$6,979,696	$6,978,315	$7,984,951	$1,381
2024	$3,706,344	$3,268,358	$5,772,301	$437,986
2023	$2,973,820	$2,979,326	$5,231,025	$-5,506
2022	$2,692,121	$2,546,269	$6,719,779	$145,852
2021	$2,259,164	$2,204,668	$4,833,092	$54,496

FAITH MINISTRIES INC