THE FIRST BAPTIST CHURCH OF ROME FOUNDATION

EIN: 205422938 501(c)(3) Religion

ROME, GA

Total Revenue
$658,013
Total Expenses
$28,407
Total Assets
$6,033,886
Net Assets
$6,033,886
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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
2007
Legal Domicile
GA
Principal Officer
MIKE CLARK
Phone
7062916850
Tax Period
2024-01-01 to 2024-12-31

THE FIRST BAPTIST CHURCH OF ROME FOUNDATION, founded in 2007, is a small nonprofit in the Religion sector that reported $658K in total revenue in fiscal year 2024. Revenue surged 222% from the prior year, signaling strong growth momentum. The organization ran a surplus of $630K, a strong 96% operating margin.

Mission

THE ORGANIZATION WILL MAKE DISTRIBUTIONS TO OR FOR THE BENEFIT OF FIRST BAPTIST CHURCH OF ROME, GA, A 501(C)(3) ORGANIZATION AND GEORGIA NONPROFIT ORGANIZATION. THE ORGANIZATION WILL OPERATE FOR THE BENEFIT OF AND CARRY OUT THE MISSION, BENEVOLENCE AND OTHER PURPOSES OF FIRST BAPTIST CHURCH OF ROME, GA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $78,468
Program Service Revenue $0
Investment Income $579,545
Other Revenue $0
TOTAL REVENUE $658,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28,407
TOTAL EXPENSES $28,407

Year-over-Year Comparison

2024 2023 Change
Revenue $658,013 $204,071 +2.2%
Expenses $28,407 $25,866 +0.1%
Net Income $629,606 $178,205 +2.5%
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

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Governance

Voting Members
11
Independent Members
11
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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CLARK CHAIRMAN 0.50
Director
$0 $0 $0
BUNK GEE BOARD MEMBER 0.50
Director
$0 $0 $0
JASON SANKER BOARD MEMBER 0.50
Director
$0 $0 $0
MARC SKLAR BOARD MEMBER 0.50
Director
$0 $0 $0
ALLISON BROOKS BOARD MEMBER 0.50
Director
$0 $0 $0
LEIGH WELDON BOARD MEMBER 0.50
Director
$0 $0 $0
BETH SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS JACKSON BOARD MEMBER 0.50
Director
$0 $0 $0
CLYDE MCDONALD BOARD MEMBER 0.50
Director
$0 $0 $0
BOBBY JONES BOARD MEMBER 0.50
Director
$0 $0 $0
JANICE DAVIS BOARD MEMBER 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
2024 $658,013 $28,407 $6,033,886 $629,606
2023 $204,071 $25,866 $5,498,409 $178,205
2022 $1,122,816 $23,673 $4,954,954 $1,099,143
2021 $598,444 $24,482 $4,912,200 $573,962
2020 $281,125 $19,098 $4,190,144 $262,027
2019 $1,223,049 $18,592 $3,774,370 $1,204,457
2018 $173,493 $3,700 $3,155,460 $169,793
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