BARNABAS FUND INC (EIN 161711227) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

JEREMY FRITH

Phone

7032881681

Tax Period

2023-09-01 to 2024-08-31

BARNABAS FUND INC, founded in 2005, is a community nonprofit in the Religion sector that reported $6.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $7.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

SUPPORT CHRISTIANS WHERE THEY ARE IN A MINORITY AND SUFFER DISCRIMINATION, OPPRESSION, AND PERSECUTION AS A CONSEQUENCE OF THEIR FAITH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,135,738

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,135,738

Expense Breakdown

Grants Paid $5,104,444

Salaries & Benefits $312,956

Fundraising Expenses $574,520

Program Expenses $6,615,167

Other Expenses $1,941,367

TOTAL EXPENSES $7,358,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,135,738	$6,820,031	-0.1%
Expenses	$7,358,767	$5,957,549	+0.2%
Net Income	$-1,223,029	$862,482	-2.4%

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

N/A

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

$98,907

Total Directors

$98,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY FRITH	CEO/SECRETARY	040.00	Officer Director	$80,006	$18,901	$98,907
JOHN MARSH	CHAIRMAN	001.00	Officer Director	$0	$0	$0
H ROBERT SHOWERS	ASST. SECRETARY	001.00	Officer Director	$0	$0	$0
CARL ELLIS	DIRECTOR	001.00	Director	$0	$0	$0
GEORGE DUNLOP	DIRECTOR	001.00	Director	$0	$0	$0
CAROLINE KERSLAKE	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
ROSEMARY SOOKHDEO	TREASURER	001.00	Officer Director	$0	$0	$0
JASON BOROWICZ	DIRECTOR	001.00	Director	$0	$0	$0
PATRICK SOOKHDEO	PRESIDENT	001.00	Officer Director	$0	$0	$0
PRASAD PHILLIPS	DIRECTOR	001.00	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
2024	$6,135,738	$7,358,767	$1,860,348	$-1,223,029
2023	$6,820,031	$5,957,549	$765,474	$862,482
2022	$6,473,127	$5,893,145	$1,202,815	$579,982
2021	$4,410,418	$4,747,002	$847,615	$-336,584
2020	$5,476,362	$4,096,570	$454,163	$1,379,792
2019	$2,657,168	$2,881,597	$2,287,469	$-224,429
2018	$2,780,310	$2,906,078	$2,432,754	$-125,768

BARNABAS FUND INC