Thomaston First Baptist Foundation (EIN 237444608) - 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

1972

Legal Domicile

Tax Period

2021-10-01 to 2022-09-30

Thomaston First Baptist Foundation, founded in 1972, is a micro nonprofit in the Religion sector that reported $54K in total revenue in fiscal year 2021. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 66% operating margin.

Mission

To acquire, solicit, encourage, and facilitate the making of gifts, donations, and benefactors which shall be held and administered and devoted exclusively to the cause of the charity.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $32,139

Other Revenue $21,437

TOTAL REVENUE $53,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,399

TOTAL EXPENSES $18,399

Year-over-Year Comparison

	2021	2020	Change
Revenue	$53,576	$93,589	-0.4%
Expenses	$18,399	$137,050	-0.9%
Net Income	$35,177	$-43,461	-1.8%

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
Ted Kandler	Director	1.00	Director	$0	$0	$0
Robert Cochran	Director	1.00	Director	$0	$0	$0
Lori Gardner	Director	1.00	Director	$0	$0	$0
Ken Gaskins	President	1.00	Officer Director	$0	$0	$0
Robert Lawson	Vice President	1.00	Officer Director	$0	$0	$0
J Edward Trice	Secretary Treausrer	2.00	Officer	$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
2022	$53,576	$18,399	$1,578,395	$35,177
2021	$93,589	$137,050	$1,636,602	$-43,461
2020	$63,908	$33,130	$1,957,599	$30,778
2018	$361,170	$42,106	$1,916,004	$319,064

Thomaston First Baptist Foundation