Baptist Foundation of New England

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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

1976

Legal Domicile

Principal Officer

Dr Terry Dorsett

Phone

5083936013

Tax Period

2021-01-01 to 2021-12-31

Baptist Foundation of New England, founded in 1976, is a small nonprofit in the Unknown sector that reported $587K in total revenue in fiscal year 2021. The organization ran a surplus of $446K, a strong 76% operating margin.

Mission

The BFNE furthers Gospel work in New England by accepting donations for strengthening Baptist churches and ministries. It manages assets, financial investments, and using the proceeds to support New England Baptist churches adn ministries.

Program Service Accomplishments

Program 1

Expenses: $115,124 Revenue: $115,124

Activities to strengthen existing New England Southern Baptist Churches. This includes making loans to maintain aging church properties.

Program 2

Expenses: $6,245 Revenue: $6,245

Activities to Southern Baptist Next Generation ministries in New England.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $316,747

Investment Income $270,416

Other Revenue $0

TOTAL REVENUE $587,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,369

Other Expenses $141,558

TOTAL EXPENSES $141,558

Year-over-Year Comparison

	2021	2020	Change
Revenue	$587,163	$548,421	+0.1%
Expenses	$141,558	$163,513	-0.1%
Net Income	$445,605	$384,908	+0.2%

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
Terry Dorsett	Executive Dir.	20.00	Officer Director	$0	$0	$0
Steve Akinsola	Director	0.50	Director	$0	$0	$0
Sweyden Dibble	Director	0.50	Director	$0	$0	$0
Wanda Reyes-Dawes	Director	0.50	Director	$0	$0	$0
Kelsey Presley	Director	0.50	Director	$0	$0	$0
Rick Goodenough	Director	0.50	Director	$0	$0	$0
Stephen Derrick	Director	0.50	Director	$0	$0	$0
Diane Miers	Director	0.50	Director	$0	$0	$0
Jesse Smith	Director	0.50	Director	$0	$0	$0
Merrill Thomas	Director	0.50	Director	$0	$0	$0
Russel Dimmick	Director	0.50	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
2021	$587,163	$141,558	$3,392,824	$445,605
2020	$548,421	$163,513	$2,940,975	$384,908