FAITH IN FAMILIES TRANSITIONAL HOU… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

PRECIOUS WHITESIDE

Tax Period

2023-01-01 to 2023-12-31

FAITH IN FAMILIES TRANSITIONAL HOUSING INC, founded in 2018, is a small nonprofit in the Religion sector that reported $330K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

Childcare services

Program Service Accomplishments

Program 1

Expenses: $302,935 Revenue: $326,661

Provide childcare services for families while parents are at work or school.

Program 2

Expenses: $21,365 Revenue: $0

Provide nutritional meals to children who are being supervised in the childcare program.

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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 $3,800

Program Service Revenue $326,661

Investment Income $2

Other Revenue $0

TOTAL REVENUE $330,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,903

Fundraising Expenses $0

Program Expenses $324,300

Other Expenses $247,902

TOTAL EXPENSES $333,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,463	$430,459	-0.2%
Expenses	$333,805	$440,446	-0.2%
Net Income	$-3,342	$-9,987	-0.7%

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

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
Precious Whiteside	President	40.00	Officer	$0	$0	$0
Willie Whiteside	Vice President	40.00	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	No data	No data	No data	No data
2023	$330,463	$333,805	$57,734	$-3,342
2022	$430,459	$440,446	$59,912	$-9,987
2021	$225,511	$157,314	$68,197	$68,197

FAITH IN FAMILIES TRANSITIONAL HOUSING INC