Baptist Life Association

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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

1883

Legal Domicile

Principal Officer

Jeffery A Armstrong

Phone

7166334393

Tax Period

2022-01-01 to 2022-12-31

Mission

Baptist Life is a God-honoring, not for profit, Christian Fraternal Benefit Association whose ministry focus is to support the personal spiritual growth and the outreach ministries of local churches, and whose business focus is on providing membership value through its products and services, including life insurance and annuities, offered to its active and growing membership.

Program Service Accomplishments

Program 1

Baptist Life is a 3,700 member fraternal beneficiary society providing life insurance and annuities, and fraternal benefits including scholarship grants, financial assistance to orphans, Bible...

Baptist Life is a 3,700 member fraternal beneficiary society providing life insurance and annuities, and fraternal benefits including scholarship grants, financial assistance to orphans, Bible conferences, newborn child coverage, newsletter and branch (lodge) support.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$2,107,362	-1.0%
Expenses	N/A	$2,986,771	-1.0%
Net Income	N/A	$-879,409	N/A

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

Volunteers

1000

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

$149,765

Total Directors

$165,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Armstrong Jeffery A	President	37.0	Officer Director	$124,847	$7,501	$132,348
Woodard Steven J	Chairman	1.0	Officer Director	$6,417	$0	$6,417
Jerge Jesse J	Secretary-Treasurer	1.0	Officer Director	$5,750	$0	$5,750
Murphy Richard H	Vice Chairman	1.0	Officer Director	$5,250	$0	$5,250
Bullis Kelly J	Director	1.0	Director	$4,083	$0	$4,083
Hatfield Judith A	Director	1.0	Director	$4,083	$0	$4,083
Ruth John A	Director	1.0	Director	$2,692	$0	$2,692
Hart Deborah R	Director	1.0	Director	$2,692	$0	$2,692
Wulf Paul J	Director	1.0	Director	$2,458	$0	$2,458

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
2022	No data	No data	No data	No data
2021	$2,107,362	$2,986,771	$26,375,481	$-879,409
2020	$2,227,497	$2,718,456	$27,675,195	$-490,959
2019	$2,362,044	$2,355,765	$28,105,593	$6,279
2018	$2,520,816	$2,515,952	$28,818,592	$4,864