FAITHWORKS HEALTH AND WELLNESS INSTITUTE

EIN: 882632897 501(c)(3) Health Care

CENTRAL FALLS, RI

Total Revenue
$1,375,000
Total Expenses
$1,203,590
Total Assets
$227,096
Net Assets
$202,522
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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
RI
Principal Officer
DR CHRISTOPHER CONTI
Phone
4129016275
Tax Period
2023-01-01 to 2023-12-31

FAITHWORKS HEALTH AND WELLNESS INSTITUTE, founded in 2022, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 222% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

FAITHWORKS HEALTH AND WELLNESS INSTITUTE (THE "ORGANIZATION") IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO THE DELIVERY OF THE CLINICAL CARE AND STANDARDS OF THE SMART MODEL AND ITS MISSION TO REACH ALL AND ADDRESS STRUCTURAL BARRIERS TO, AND GAPS IN, THE HEALTH AND OVERALL WELL-BEING OF INDIVIDUALS OF ALL AGES. THE TARGETED DELIVERY SUPPORTS AND EMPOWERS SUCCESS IN THE PERSONAL GROWTH AND STABILITY OF INDIVIDUALS, FAMILIES, GENERATIONS, AND COMMUNITIES. THE ORGANIZATION OPERATES HEALTH CLINICS WITHIN SCHOOLS AND OFFERS PHYSICAL HEALTH AND BEHAVORIAL HEALTH SERVICES TO CHILDREN. THE ORGANIZATION OPERRATES CLINICS IN SCHOOLS IN RHODE ISLAND AND PENNSYLVANIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,375,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,375,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $762,874
Fundraising Expenses $0
Program Expenses $763,803
Other Expenses $440,716
TOTAL EXPENSES $1,203,590

Year-over-Year Comparison

2023 2022 Change
Revenue $1,375,000 $427,000 +2.2%
Expenses $1,203,590 $382,592 +2.1%
Net Income $171,410 $44,408 +2.9%
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

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Governance

Voting Members
3
Independent Members
2
Employees
11
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
3
$51,923
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEINY ZAPATA EMPLOYEE 40.00
Highest
$134,726 $0 $134,726
DR CHRISTOPHER CONTI PRESIDENT 16.00
Officer
$51,923 $0 $51,923
VIRGINIA PALHOF TREASURER N/A
Officer
$0 $0 $0
SELMA WILSON VP & SECRETA N/A
Officer
$0 $0 $0
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 No data No data No data No data
2023 $1,375,000 $1,203,590 $227,096 $171,410
2022 $427,000 $382,592 $49,062 $44,408
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