FAITH EXPRESSED INC (EIN 844516950) - 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

STEPHEN A GLAROS

Phone

8137637021

Tax Period

2024-01-01 to 2024-12-31

FAITH EXPRESSED INC, founded in 2017, is a small nonprofit in the Religion sector that reported $717K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

OUR MISSION IS TO SHARE THE GOSPEL OF JESUS CHRIST THROUGH CHARITABLE PURPOSES INCLUDING PROVIDING CHRISTIAN THEMED EVENTS AND FACILITIES TO CONDUCT SUCH EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $714,824

Investment Income $1,644

Other Revenue $405

TOTAL REVENUE $716,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,981

Fundraising Expenses $0

Program Expenses $752,181

Other Expenses $627,223

TOTAL EXPENSES $780,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$716,873	$823,227	-0.1%
Expenses	$780,204	$749,938	+0.0%
Net Income	$-63,331	$73,289	-1.9%

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

$139,353

Total Directors

$139,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN A GLAROS	PRESIDENT	10.00	Officer Director	$0	$0	$0
S ZACH GLAROS	VICE PRESIDE	40.00	Officer Director	$116,354	$0	$116,354
TERESA GLAROS	SECRETARY	N/A	Officer Director	$0	$0	$0
SYRA GLAROS	TREASURER	10.00	Officer Director	$22,999	$0	$22,999

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	$716,873	$780,204	$300,018	$-63,331
2023	$823,227	$749,938	$354,866	$73,289
2022	$642,442	$642,541	$275,385	$-99
2021	$659,472	$404,831	$298,709	$254,641

FAITH EXPRESSED INC