SUNSHINE BIBLE ACADEMY FOUNDATION INC (EIN 203229365) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

BRAD UFEN

Phone

6058533071

Tax Period

2024-01-01 to 2024-12-31

SUNSHINE BIBLE ACADEMY FOUNDATION INC, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $284K in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $110K, a strong 39% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO SOLICIT DONATIONS AND CONTRIBUTIONS THROUGH FUNDRAISING EFFORTS AND ESTABLISH PERMANENT ENDOWMENT FUNDS IN ORDER TO PROVIDE FUNDING TO SUNSHINE BIBLE ACADEMY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $182,000

Program Service Revenue $0

Investment Income $72,337

Other Revenue $165,721

TOTAL REVENUE $420,058

Expense Breakdown

Grants Paid $208,745

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,104

Other Expenses $13,987

TOTAL EXPENSES $222,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,058	$231,592	+0.8%
Expenses	$222,732	$185,075	+0.2%
Net Income	$197,326	$46,517	+3.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PAUL	PRESIDENT	1.33	Officer Director	$0	$0	$0
DANIEL TODD	SECRETARY	1.33	Officer Director	$0	$0	$0
BRAD UFEN	TREASURER	1.33	Officer Director	$0	$0	$0
KELLY HETTICH	MEMBER	1.33	Director	$0	$0	$0
KEN SHAY	MEMBER	1.33	Director	$0	$0	$0
PAUL JORGENSEN	MEMBER	1.33	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	$420,058	$222,732	$1,344,938	$197,326
2023	$231,592	$185,075	$1,111,146	$46,517
2022	$187,315	$183,656	$959,694	$3,659
2021	$380,267	$208,937	$1,120,773	$171,330
2020	$284,344	$174,216	$1,029,101	$110,128

SUNSHINE BIBLE ACADEMY FOUNDATION INC