FAITH HOPE & CHARITY INC (EIN 820625342) - 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

2017

Legal Domicile

Principal Officer

FREDERICK EDWARDS

Phone

5419742394

Tax Period

2023-10-01 to 2024-09-30

FAITH HOPE & CHARITY INC, founded in 2017, is a community nonprofit in the Crime & Legal sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum.

Mission

FAITH HOPE AND CHARITY STRIVES TO ASSIST INDIVIDUALS AND FAMILIES IN CHALLENGING SITUATIONS TO MOVE FROM FEELING STAGNANT AND OVERWHELMED TO THRIVE AND BECOME SUCCESSFUL BY PROVIDING LIFE COACHING, MENTORING, RESOURCE CONNECTION AND COORDINATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,240,356

Program Service Revenue $0

Investment Income $20

Other Revenue $0

TOTAL REVENUE $1,240,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $608,337

Fundraising Expenses $0

Program Expenses $1,050,181

Other Expenses $644,987

TOTAL EXPENSES $1,253,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,240,376	$505,751	+1.5%
Expenses	$1,253,324	$620,465	+1.0%
Net Income	$-12,948	$-114,714	-0.9%

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

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

$165,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARLEAN HUEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHANNA HAMILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
FREDERICK EDWARDS	EXECUTIVE DIRECTOR	10.00	Director	$165,954	$0	$165,954
DR NICOLE HAMS	TREASURER	2.00	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
2024	$1,240,376	$1,253,324	$41,155	$-12,948
2023	$505,751	$620,465	$61,229	$-114,714
2022	$220,691	$61,181	$174,758	$159,510

FAITH HOPE & CHARITY INC