FAITH HOUSE ACADEMY & EARLY LEARNING CENTER

EIN: 880994172 501(c)(3) Human Services

Lorain, OH

Total Revenue
$1,013,540
Total Expenses
$741,670
Total Assets
$271,870
Net Assets
$271,870
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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
2022
Legal Domicile
OH
Principal Officer
Aaron Slaby JR
Phone
4409378155
Tax Period
2024-01-01 to 2024-12-31

FAITH HOUSE ACADEMY & EARLY LEARNING CENTER, founded in 2022, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 27% operating margin.

Mission

To provide quality child care to local communities.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $763,540
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,013,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,674
Fundraising Expenses $0
Program Expenses $741,670
Other Expenses $358,996
TOTAL EXPENSES $741,670

Year-over-Year Comparison

2024 2023 Change
Revenue $1,013,540 $331,543 +2.1%
Expenses $741,670 $157,100 +3.7%
Net Income $271,870 $174,443 +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

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Governance

Voting Members
3
Independent Members
3
Employees
18
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
2
$98,089
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON SLABY PASTOR/CEO 50
Officer
$62,388 $0 $62,388
YOLANDA SLABY COO/FIRST LADY 40
Officer
$35,701 $0 $35,701
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 $1,013,540 $741,670 $271,870 $271,870
2023 $331,543 $157,100 $174,443 $174,443
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