MY FAITH LEARNING CENTER (EIN 924011630) - 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

2023

Legal Domicile

Principal Officer

JEREMY HISER

Phone

4196256147

Tax Period

2024-01-01 to 2024-12-31

MY FAITH LEARNING CENTER, founded in 2023, is a small nonprofit in the Human Services sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 1383% from the prior year, signaling strong growth momentum. Expenses of $277K left a modest 7% surplus.

Mission

OPERATE A NONPROFIT CHILDCARE CENTER AVAILABLE TO THE GENERAL PUBLIC TO ENABLE INDIVIDUALS TO BE GAINFULLY EMPLOYED; PARTNER WITH COLLEGES TO OFFER COURSES FOR COLLEGE CREDIT TO ENABLE INDIVIDUALS TO BE GAINFULLY EMPLOYED; PROVIDE SUPPLEMENTAL EDUCATION PROGRAMS, TUTORING SERVICES AND ADDITIONAL CURRICULA TO LOCAL HIGH SCHOOLS FOR THE PURPOSE OF ADVANCING, SUPPLEMENTING AND SUPPORTING THEIR EDUCATION THROUGH IMPLEMENTATION OF CHRISTIAN VALUES.

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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 $97,675

Program Service Revenue $197,917

Investment Income $0

Other Revenue $1,100

TOTAL REVENUE $296,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,518

Fundraising Expenses $258

Program Expenses $219,054

Other Expenses $51,878

TOTAL EXPENSES $277,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,692	$20,000	+13.8%
Expenses	$277,396	$13,532	+19.5%
Net Income	$19,296	$6,468	+2.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HILLARY ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA FERBACK	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMY HISER	TREASURER	1.00	Officer Director	$0	$0	$0
TOM GROOT JR	PRESIDENT	5.00	Officer Director	$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	$296,692	$277,396	$41,521	$19,296

MY FAITH LEARNING CENTER