The Faith Place Inc The Faith Place

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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

2019

Legal Domicile

Principal Officer

JAMES HAWKINS

Phone

3177963251

Tax Period

2023-01-01 to 2023-12-31

The Faith Place Inc The Faith Place, founded in 2019, is a small nonprofit in the Religion sector that reported $225K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

The Faith Place Church is a family based church that exists to bring Glory to God by equipping his people to live victoriously thru our Lord Jesus Christ

Program Service Accomplishments

Program 1

Expenses: $17,113

The Faith Place believes in providing the members with introduction of building their foundation thru our introduction classes. The foundation classes to enlighten and strengthen members on their new journey of salvation. the class is an informal gathering for new members, current and anyone that wants to learn about Christ. From understanding of prayer, fasting and living a life pleasing to

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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 $205,297

Program Service Revenue $19,499

Investment Income $78

Other Revenue $0

TOTAL REVENUE $224,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,978

Fundraising Expenses $0

Program Expenses $17,113

Other Expenses $148,788

TOTAL EXPENSES $219,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,874	$378,121	-0.4%
Expenses	$219,766	$304,537	-0.3%
Net Income	$5,108	$73,584	-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

N/A

Employees

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

$37,306

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HAWKINS	Pastor	40.00	Director	$36,806	$0	$36,806
ANGELA LEWIS-HAWKINS	Trustee	20.00	Director	$0	$0	$0
CARMEN DILLARD	Adminstrator	10.00	Director	$500	$0	$500

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
2023	$224,874	$219,766	$879,441	$5,108
2022	$378,121	$304,537	$892,996	$73,584
2021	$271,582	$246,770	$218,912	$24,812
2020	$408,280	$308,618	$153,448	$99,662
2019	$219,374	$209,585	$22,216	$9,789