FAITH AND VERITAS FOUNDATION 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

2023

Legal Domicile

Principal Officer

JOHN S GARDNER

Tax Period

2025-01-01 to 2025-12-31

FAITH AND VERITAS FOUNDATION INC, founded in 2023, is a small nonprofit in the Education sector that reported $273K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $145K, a strong 53% operating margin.

Mission

TO SUPPORT CHRISTIAN GROUPS ON ALL THE HARVARD UNIVERSITY CAMPUSES BY PROVIDING SPACE TO HOST MEETINGS AND BIBLE STUDIES

Program Service Accomplishments

Program 1

Expenses: $105,254 Revenue: $273,000

REVENUE RECEIVED TO PREPARE A SPACE HOUSE TO SUPPORT CHRISTIAN GROUPS ON ALL HARVARD UNIVERSITY CAMPUSES. EXPENSES IN 2025 WERE PRIMARILY FOR HOUSE SERVICES, HOME SUPPLIES, DEPRECIATION OF HOUSE...

REVENUE RECEIVED TO PREPARE A SPACE HOUSE TO SUPPORT CHRISTIAN GROUPS ON ALL HARVARD UNIVERSITY CAMPUSES. EXPENSES IN 2025 WERE PRIMARILY FOR HOUSE SERVICES, HOME SUPPLIES, DEPRECIATION OF HOUSE FURNITURE, FIXTURES, AND EQUIPMENT PURCHASED, AND OTHER PROGRAM SERVICE EXPENSES

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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 (2025)

Revenue Breakdown

Contributions & Grants $273,000

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $273,006

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,254

Other Expenses $126,268

TOTAL EXPENSES $128,268

Year-over-Year Comparison

	2025	2024	Change
Revenue	$273,006	$318,780	-0.1%
Expenses	$128,268	$43,348	+2.0%
Net Income	$144,738	$275,432	-0.5%

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

N/A

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
JOHN GARDNER	PRESIDENT	002.00	Officer Director	$0	$0	$0
FRANKIE HING	DIRECTOR	002.00	Officer Director	$0	$0	$0
YVONNE GROEN	SECRETARY	002.00	Officer Director	$0	$0	$0
MARVIN GOODWIN	TREASURER	002.00	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
2025	$273,006	$128,268	$467,155	$144,738
2024	$318,780	$43,348	$322,417	$275,432