PEOPLE OF FAITH INC

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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

1983

Legal Domicile

Principal Officer

GRETCHEN COBB

Phone

6239332807

Tax Period

2024-03-01 to 2025-02-28

PEOPLE OF FAITH INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $51.7M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE THE HOUSING AND AMENITIES THAT PROMOTE A HIGH DEGREE OF COMFORT, SECURITY, INDEPENDENCE AND LIFE SATISFACTION FOR OUR RESIDENTS AND FUTURE RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $44,969,915 Revenue: $39,673,846

DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2025, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 723 RESIDENTS ON A 52-ACRE CAMPUS CONSISTING OF 502 RESIDENTIAL HOMES AND APARTMENTS, 59...

DURING THE FISCAL YEAR ENDED FEBRUARY 28, 2025, ROYAL OAKS PROVIDED LIFE CARE SERVICES TO APPROXIMATELY 723 RESIDENTS ON A 52-ACRE CAMPUS CONSISTING OF 502 RESIDENTIAL HOMES AND APARTMENTS, 59 ASSISTED LIVING HOMES, A 56-UNIT MEMORY CARE FACILITY, AND A 60-BED HIGH ACUITY ASSISTED LIVING CENTER.

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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 $2,887,608

Program Service Revenue $39,673,846

Investment Income $9,025,382

Other Revenue $144,110

TOTAL REVENUE $51,730,946

Expense Breakdown

Grants Paid $55,900

Salaries & Benefits $21,630,238

Fundraising Expenses $0

Program Expenses $44,969,915

Other Expenses $32,794,631

TOTAL EXPENSES $54,480,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,730,946	$39,218,899	+0.3%
Expenses	$54,480,769	$45,419,728	+0.2%
Net Income	$-2,749,823	$-6,200,829	-0.6%

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

507

Volunteers

300

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

$1,641,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS JOHNSON	CHAIR & TRUSTEE	1.00	Officer Director	$0	$0	$0
CLAUDIA RUMWELL	VICE CHAIR & TRUSTEE	1.00	Officer Director	$0	$0	$0
JANIS RYAN	TREASURER & TRUSTEE	1.00	Officer Director	$0	$0	$0
MARY BETH JOUBLANC	SECRETARY & TRUSTEE (UNTIL 5/2024)	1.00	Officer Director	$0	$0	$0
ANDREW LENICK	SECRETARY & TRUSTEE	1.00	Officer Director	$0	$0	$0
BILL GASTA	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN DEAN	TRUSTEE (UNTIL 5/2024)	1.00	Director	$0	$0	$0
JOHN WALTER	TRUSTEE	1.00	Director	$0	$0	$0
RAMONA PANICCI	TRUSTEE	1.00	Director	$0	$0	$0
REV GARY BENSON	TRUSTEE	1.00	Director	$0	$0	$0
ROGER MCCLAIN	TRUSTEE	1.00	Director	$0	$0	$0
TERESA HAIRE	TRUSTEE	1.00	Director	$0	$0	$0
TUCKER MACON	TRUSTEE	1.00	Director	$0	$0	$0
WILL RICHARD	TRUSTEE	1.00	Director	$0	$0	$0
DAN BRUSNAHAN	TRUSTEE (BEGAN 5/2024)	1.00	Director	$0	$0	$0
DR EUGENE STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
KENDRA EBERHART	PRESIDENT & CEO	39.00	Officer	$632,506	$85,373	$717,879
GRETCHEN COBB	COO	39.00	Officer	$420,169	$40,082	$460,251
A CARTER SMITHERMAN	CFO	39.00	Officer	$393,278	$69,877	$463,155
DINA JO CAPEK	DIRECTOR OF HEALTH SERVICE	40.00	Highest	$224,466	$33,206	$257,672
DARIN YOUNG	FACILITIES DIRECTOR	40.00	Highest	$146,115	$19,789	$165,904
KARI DICKSON	RELATIONS DIRECTOR	40.00	Highest	$161,684	$21,675	$183,359
SUSAN CAREY ALTGILBERS	IT DIRECTOR	40.00	Highest	$156,080	$16,231	$172,311

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
2025	$51,730,946	$54,480,769	$288,218,820	$-2,749,823
2024	$39,218,899	$45,419,728	$300,609,719	$-6,200,829
2023	$33,795,230	$36,530,979	$269,858,549	$-2,735,749
2022	$33,088,460	$33,273,201	$251,643,138	$-184,741
2021	$31,446,939	$32,927,590	$244,174,944	$-1,480,651
2020	$33,286,274	$30,475,253	$135,081,572	$2,811,021
2019	$33,607,018	$29,247,780	$136,515,273	$4,359,238
2018	$34,469,145	$35,888,732	$139,092,685	$-1,419,587