Faithworks Resources
Nonprofit profile at a glance
- EIN
- 453138614
- IRS 990 coverage
- 2011–2014
- Forms available
- Form 990 2014
- Location
- Memphis, TN, USA
- Phone
- 9013828106
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,341,334
- Expenses
- $1,444,909
- Assets
- $76,932
- Liabilities
- $158,642
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- KENNETH B LANE (EXEC DIRECTORY/PRESIDENT)
Highest reported compensation
- KENNETH B LANE (EXEC DIRECTORY/PRESIDENT): $61,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide faith-based social services including but not limited to community-based employment, education, and suppport to individuals who are experiecing one or more of the following social situations: homelessness, lack of transportation, unemployment or underemployment, substance addiction and recovery, community re-entry after incarceration, supervision by a court or parole or probation agency, and similar social situations that present barriers to employment. The organization makes its programs recovery skills, the organization prepares indidviduals for employment in a back-to-work program.
What it reported doing in 2014
To provide faith-based social services including but not limited to community-based employment, education, and suppport to individuals who are experiecing one or more of the following social situations: homelessness, lack of transportation, unemployment or underemployment, substance addiction and recovery, community re-entry after incarceration, supervision by a court or parole or probation agency, and similar social situations that present barriers to employment. The organization makes its programs recovery skills, the organization prepares indidviduals for employment in a back-to-work program. A total of 264 individuals were helped during the year.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 26
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.3%; rating input score 86
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.7%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 2.06; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 22.7% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 28.8% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 86.3% of revenue deployed · 80.1% of spending went to programs
- Governance: 0 of 3 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $61K · 3 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2011 to 2014
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.