Faith and Work Enterprises Inc

EIN: 822171219 501(c)(3) Community Improvement

Baltimore, MD

Total Revenue
$209,546
Total Expenses
$242,001
Total Assets
$133,342
Net Assets
$132,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Principal Officer
Andre Jones
Phone
4439631330
Tax Period
2024-01-01 to 2024-12-31

Faith and Work Enterprises Inc, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Expenses of $242K exceeded revenue, resulting in a 15% operating deficit.

Mission

To build capacity for meaningful work and holistic wellbeing by providing a range of supportive services to help stabilize individuals and households in the community including offering workforce development training delivered through individualized case management where persons gain value for themselves and become an integral part of working society.

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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 (2024)

Revenue Breakdown

Contributions & Grants $209,345
Program Service Revenue $0
Investment Income $201
Other Revenue $0
TOTAL REVENUE $209,546

Expense Breakdown

Grants Paid $34,870
Salaries & Benefits $148,462
Fundraising Expenses $7,388
Program Expenses $213,724
Other Expenses $58,669
TOTAL EXPENSES $242,001

Year-over-Year Comparison

2024 2023 Change
Revenue $209,546 $197,903 +0.1%
Expenses $242,001 $150,050 +0.6%
Net Income $-32,455 $47,853 -1.7%
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
7
Employees
4
Volunteers
75

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
5
$0
Total Directors
5
$0
Key Employees
1
$15,426
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn Gaynor President Treasurer 1.00
Officer Director
$0 $0 $0
LeChelle Redd Exec Director 50.00
Highest
$72,735 $0 $72,735
Rev Martin Schultheis Assistant Exec Dir 10.00
Officer Director
$0 $0 $0
Tina Jasion COO Finance Grants Manager 10.00
Key Emp
$15,426 $0 $15,426
Tremayne Limpscomb Secretary 1.00
Officer Director
$0 $0 $0
Megan Doede Board Member 1.00
Officer Director
$0 $0 $0
Andre Jones Board Member 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 $209,546 $242,001 $133,342 $-32,455
2023 $197,903 $150,050 $165,230 $47,853
2022 $155,253 $143,396 $117,377 $11,857
2021 $156,137 $125,233 $105,890 $30,904
2020 $113,686 $106,988 $92,491 $6,698
2019 $65,906 $113,621 $69,580 $-47,715
2018 $90,947 $127,226 $117,073 $-36,279
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