FIRST BAPTIST CHURCH OF TOPEKA FOUNDATION (EIN 208178603) - 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

2007

Legal Domicile

Principal Officer

GARY SMITH

Phone

7852670380

Tax Period

2024-01-01 to 2024-12-31

FIRST BAPTIST CHURCH OF TOPEKA FOUNDATION, founded in 2007, is a small nonprofit in the Religion sector that reported $227K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $491K exceeded revenue, resulting in a 117% operating deficit.

Mission

MANAGE ENDOWED FUNDS AND SPECIAL GIFTS OF FIRST BAPTIST CHURCH, TOPEKA, KS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,650

Program Service Revenue $1,285

Investment Income $198,689

Other Revenue $0

TOTAL REVENUE $226,624

Expense Breakdown

Grants Paid $468,683

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,683

Other Expenses $22,021

TOTAL EXPENSES $490,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,624	$166,772	+0.4%
Expenses	$490,704	$517,891	-0.1%
Net Income	$-264,080	$-351,119	-0.2%

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

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
GARY SMITH	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LUCKY DEFRIES	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
HAROLD WOLGAST	SECRETARY	0.50	Officer Director	$0	$0	$0
MATT HARADER	TREASURER	0.50	Officer Director	$0	$0	$0
LAURA BAER	TRUSTEE	0.50	Director	$0	$0	$0
BILL OGLE	TRUSTEE	0.50	Director	$0	$0	$0
FRED LOSEKE	TRUSTEE	0.50	Director	$0	$0	$0
BILL KELLY	TRUSTEE	0.50	Director	$0	$0	$0
THERESA HODGE	TRUSTEE	0.50	Director	$0	$0	$0
NORMA PHILLIPS	TRUSTEE	0.50	Director	$0	$0	$0
REV DR ROBIN STOOPS	PASTOR/EX OF	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	$226,624	$490,704	$4,424,427	$-264,080
2023	$166,772	$517,891	$4,290,892	$-351,119
2022	$1,660,403	$196,628	$4,041,418	$1,463,775
2021	$1,553,790	$170,596	$3,375,276	$1,383,194
2020	$93,273	$13,869	$1,622,860	$79,404

FIRST BAPTIST CHURCH OF TOPEKA FOUNDATION