Civic Intelligence

Faith Apostolic Ministries

EIN 27-2702469 • 501(c)3 • Gilmer, TX

Profile

To receive and disburse charitable contributions for ministry services and the furtherance of the Apostolic Faith.

3381 Golden Eagle RdGilmer, TX 75645
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.02x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

26th percentile

-16%

Higher net margin than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

35th percentile

-16%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

6.7%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$214,886

Down $40,639 (-16%) from 2023

Liabilities

Up

$5,046

Up $2,686 (+114%) from 2023

Net Assets

Down

$209,840

Down $43,325 (-17%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin26th percentile

Revenue

Up

$269,008

Up $16,867 (+6.7%) from 2023

Expenses

Up

$312,333

Up $98,455 (+46%) from 2023

Net Income

Down

-$43,325

Down $81,588 (-213%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2022: $215,640Liabilities 2022: $738Net Assets 2022: $214,9022022Assets 2023: $255,525Liabilities 2023: $2,360Net Assets 2023: $253,1652023Assets 2024: $214,886Liabilities 2024: $5,046Net Assets 2024: $209,8402024

Highlighted filing

2024

Assets$214,886
Liabilities$5,046
Net Assets$209,840
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2022: $118,980Expenses 2022: $85,041Net Income 2022: $33,9392022Revenue 2023: $252,141Expenses 2023: $213,878Net Income 2023: $38,2632023Revenue 2024: $269,008Expenses 2024: $312,333Net Income 2024: -$43,3252024

Highlighted filing

2024

Revenue$269,008
Expenses$312,333
Net Income-$43,325
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$214,886
Liabilities
$5,046
Net assets
$209,840
Revenue
$269,008
Expenses
$312,333
Net income
-$43,325
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.05$2.10$2.69$3.12$0.43
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.02$2.53$2.52$2.14$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.16$0.01$2.15$1.19$0.85$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$269,008
Mission and Program Overview

Mission

Religious Charitable

To receive and disburse charitable contributions for ministry services and the furtherance of the Apostolic Faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$180,000$180,000→ $0
Cash and Non-Interest-Bearing Accounts$75,525$34,886▼ $40,639
Total Assets$255,525$214,886▼ $40,639
Liabilities
Other Liabilities$2,360$5,046▲ $2,686
Total Liabilities$2,360$5,046▲ $2,686
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$253,165$209,840▼ $43,325
Total Net Assets Fund Balance$253,165$209,840▼ $43,325
Total Liabilities and Net Assets / Fund Balance$255,525$214,886▼ $40,639
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Michael PutmanPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$269,008
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$269,008
Change in Net Assets
$-43,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,502
Salaries, Compensation, and Employee Benefits$86,831
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$84,676--$84,676
Other Employee Benefits$60,831--$60,831
Other Expenses$39,000--$39,000
Current Officers, Directors, Trustees, and Key Employees$26,000--$26,000
Travel$24,715--$24,715
All Other Expenses$6,521--$6,521
Office Expenses$5,769--$5,769
Conferences and Meetings$5,553--$5,553
Fees for Services Accounting$1,294--$1,294
Total Functional Expenses$312,333$0$0$312,333
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$5,046
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The completed form 990 is reviewed and approved by the executive committee before filing and then presented to the governing body at the annual meeting of the Board of Directors. The form is kept on file and available to the governing body upon request.”

Governing documents etc available to public Part VI line 19

“The information concerning governing documents, policies, and financial statements are available to the public upon written request to the corporate office.”

Filing and Contact Details

Filer

Filer Name
Faith Apostolic Ministries
EIN
27-2702469
In Care Of
% Michael Putman
Phone
7312678500
Address
3381 Golden Eagle Rd, Gilmer, TX 75645

Signing Officer

Name
Michael Putman
Title
President
Phone
7312678500
Signed
2025-11-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Michael Putman
Formed
2022
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
A-1 Business Services
Address
42 1/2 Munroe Falls Ave, Munroe Falls, OH 44262
Preparer
Donald Ridenour
Phone
3306303426
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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