FIRST BAPTIST CHURCH OF SWEETWATER TEXAS FOUNDATION INC (EIN 200651927) - 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

2001

Legal Domicile

Principal Officer

LARRY MAY

Phone

3252366348

Tax Period

2023-01-01 to 2023-12-31

FIRST BAPTIST CHURCH OF SWEETWATER TEXAS FOUNDATION INC, founded in 2001, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $58K, a strong 45% operating margin.

Mission

CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES.

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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 $0

Program Service Revenue $0

Investment Income $128,859

Other Revenue $0

TOTAL REVENUE $128,859

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,795

Other Expenses $10,795

TOTAL EXPENSES $70,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,859	$147,406	-0.1%
Expenses	$70,795	$119,721	-0.4%
Net Income	$58,064	$27,685	+1.1%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JV Martin	Treasurer	Officer Director	$0	$0	$0
RICHARD FERGESON	Director	Director	$0	$0	$0
LARRY MAY	Chairman	Officer Director	$0	$0	$0
JANIS MCDOWELL	Secretary	Officer Director	$0	$0	$0
ROBERT EAKER	VICE CHAIRMAN	Officer Director	$0	$0	$0
DAVID WELCH	Director	Director	$0	$0	$0
LYNN SQUIRES	Director	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	No data	No data	No data	No data
2023	$128,859	$70,795	$1,228,623	$58,064
2022	$147,406	$119,721	$1,140,171	$27,685
2021	$157,375	$93,272	$1,438,803	$64,103
2020	$66,158	$69,878	$1,348,635	$-3,720
2019	$37,606	$31,796	$1,236,763	$5,810
2018	$124,054	$118,319	$1,056,099	$5,735

FIRST BAPTIST CHURCH OF SWEETWATER TEXAS FOUNDATION INC