Faithwalking

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EIN 76-0588762 Religious organization Tomball, TX NTEE X20
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$222K
FY2024▼ -38%
Expenses
$228K
FY2024▲ +6%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Empowers individuals and communities to achieve wholeness globally. For fiscal year 2024 it reported $222K in revenue, $228K in expenses, and $240K in net assets.Pt I

Type
Religious organization · Religion
Location
Tomball, TX
Website
www.faithwalking.us
Filings
5 on file (2020–2024)
Revenue
$222KFY2024
Expenses
$228K
Net assets
$240K
People
8
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Provided by the organization

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Size
$100K–1M
What they do
Empowers individuals and communities to achieve wholeness globally.
Leadership
Kenneth Shuman · Executive Director · $66K
Money in and out
$222K revenue, $228K expenses
Bottom line
73% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Network for Good INC

2 distinct foundation funder(s) on file, $27K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

73% to programs

73% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -38% vs prior year

Revenue band $100K–1M, -38% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$240K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.16 Fundraising $0.11
Program efficiency
73%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -107% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$243K
FY2024▼ -2%
Total liabilities
$3K
FY2024▲ +13%
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$243K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFaithwalking
EINHdr · item D76-0588762
Principal addressHdr · item CTomball, TX
WebsiteHdr · item Jwww.faithwalking.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFApr 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$66,273Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Kenneth Shuman’s $66K as Executive Director is at the 68th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Kenneth Shuman$66,273$60,048$60,048—
Kenneth Shuman———$60,048

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $166K of program spending, described in the organization's own filed words · FY2024.
01

Faithwalking is a spiritual formation process where people are equipped with tools to gain freedom from wounds of their past, grow in emotional maturity, and live lives of purpose on mission with God, so they can increasingly follow the way of Jesus by serving the poor, the marginalized, and those in need, working for the common good…

$166Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$155K · 70%
Program service revenue$58K · 26%
Investment income$9K · 4%
Contributions & grants70%$155K
Program service revenue26%$58K
Investment income4%$9K
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.16 Fundraising $0.11
Program services73%$166K
Management & general16%$37K
Fundraising11%$25K
Total functional expensesLn 25$228K

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$243K
Total liabilitiesLn 26$3K
Total net assetsLn 32$240K
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $243K · Operating expenses/yr $228K
12.8 months
Where the money goes
Program services
Program services $166K · Total expenses $228K
73%
Management & General
Management & general $37K · Total expenses $228K
16%
Fundraising
Fundraising $25K · Total expenses $228K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $204K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $155K · Total revenue $222K
70%
Government reliance
Government grants — · Total revenue $222K
—
Earned-income share
Program service revenue $58K · Total revenue $222K
26%
Investment reliance
Investment income $9K · Total revenue $222K
+4%
Program self-sufficiency
Program service revenue $58K · Total expenses $228K
26%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $355K
-38%
Revenue CAGR
FY2020 $223K · FY2024 $222K
-0.1%
Net-asset trend (YoY)
End of year $240K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $228K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $243K
—
Net-asset ratio
Net assets $240K · Total assets $243K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $243K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Shuman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $66K · Total expenses $228K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $176K · Total expenses $228K
77%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 16%——
Fundraising cost ratio 16%——
Revenue growth -38%——
Accounting fee ratio 0.7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$27K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$222K revenue · viewing · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$245K revenue · ⤓ 990 PDF
FY2021$258K revenue · ⤓ 990 PDF
FY2020$223K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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