PIKEVILLE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAITHLIFE MINISTRIES INC, founded in 2019, is a small nonprofit in the Employment sector that reported $456K in total revenue in fiscal year 2024. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 29% operating margin.
TO PROVIDE AN OPPORTUNITY FOR PEOPLE TO LIVE OUT THEIR CHRISTIAN FAITH AND GOD-GIVEN CREATIVITY TO CREATE SOCIAL ENTERPRISES THAT PROVIDE RESOURCES AND CONNECTIONS TO PROGRAMMING TO TRANSITION THOSE AFFECTED BY SUBSTANCE USE DISORDER AND POVERTY INTO A PURPOSE FILLED LIFE.
Social enterprise development in the Pikeville area - we've created or launched 5 new ministries in the Pikeville area:Faithlife Market - we served 4,296 customers in 2023 and created much needed...
Social enterprise development in the Pikeville area - we've created or launched 5 new ministries in the Pikeville area:Faithlife Market - we served 4,296 customers in 2023 and created much needed community space for college students and working professionals in downtown Pikeville. We also provided affordable meeting space and free meeting space to several nonprofits. We provided 100 free lunches weekly to patrons and residents of Myers Tower, a low housing facility. Battleline Boxing Club - after school youth program serving over 50 students in 2023 where we teach spiritual and physical discipline and mentor at risk youth.;Building development - we've helped redevelop[ two buildings on the bypass with over 2,000 volunteer hours - cleaned out, secured the space to prevent squatters, and started bringing them back to life with new HVAC, plumbing, repairs with the goal to turn the space into a community center in 2024. We hosted Christmas on the bypass where we hosted a neighborhood Christmas part and supported local families there.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $455,692 | $160,732 | +1.8% |
| Expenses | $322,269 | $163,003 | +1.0% |
| Net Income | $133,423 | $-2,271 | -59.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JARED ARNETT | PRESIDENT | 12.00 |
Officer
|
$0 | $0 | $0 |
| BETHANY ARNETT | VICE PRESIDENT | 12.00 |
Officer
|
$0 | $0 | $0 |
| JEFF ROBINSON | TREASURER | 0.25 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $455,692 | $322,269 | $170,975 | $133,423 |
| 2023 | $160,732 | $163,003 | $20,988 | $-2,271 |
Compare FAITHLIFE MINISTRIES INC with other nonprofits in Kentucky and across the country.