SHELBY KENNEDY FOUNDATION INC

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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

JASON CONE

Phone

2106147051

Tax Period

2024-01-01 to 2024-12-31

SHELBY KENNEDY FOUNDATION INC, founded in 2007, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 132% operating deficit.

Mission

THE MISSION OF THE SHELBY KENNEDY FOUNDATION IS TO HELP FAMILIES STRENGTHEN THEIR PERSONAL RELATIONSHIP WITH THE LORD AND DYNAMICALLY IMPACT THE WORLD AS AMBASSADORS OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $1,901,781 Revenue: $686,086

NATIONAL BIBLE BEE CONTESTSHELBY KENNEDY FOUNDATION, INC. HOSTED AND EXECUTED THE NATIONAL BIBLE BEE CONTEST HELD IN BLACK MOUNTAIN, NORTH CAROLINA, WHERE HUNDREDS OF CHILDREN AND YOUTH, AGES 7 TO...

NATIONAL BIBLE BEE CONTESTSHELBY KENNEDY FOUNDATION, INC. HOSTED AND EXECUTED THE NATIONAL BIBLE BEE CONTEST HELD IN BLACK MOUNTAIN, NORTH CAROLINA, WHERE HUNDREDS OF CHILDREN AND YOUTH, AGES 7 TO 18, WERE INVITED FROM THE LOCAL CONTESTS TO PARTICIPATE IN THIS NATIONAL EVENT. THE EVENT WAS HELD NOVEMBER 2024. THE COMPETITORS WERE DRAWN FROM EACH OF THREE AGE GROUPS: PRIMARY (AGES 7-10), JUNIOR (AGES 11-14), AND SENIOR (AGES 15-18). THE CONTESTANTS COMPETED FOR PRIZE MONEY WITH THEIR KNOWLEDGE OF THE BIBLE, BOTH IN MEMORIZED BIBLE VERSES AND BIBLE FACTS. ELECTRONIC AND ORAL TESTING DETERMINED MULTIPLE WINNERS IN THESE CATEGORIES. AT THE END OF THE NATIONAL BIBLE BEE COMPETITION, PRIZES TOTALING OVER $228,000 IN THE FORM OF CASH AND/OR SCHOLARSHIPS WERE AWARDED TO THE TOP COMPETITORS IN EACH AGE GROUP.

Program 2

Expenses: $193,204

SUMMER STUDY PROGRAMTHE SUMMER STUDY IS AN 8 UNIT BIBLE STUDY FROM JUNE TO AUGUST WHERE CHILDREN AGES 5-18 EXPLORE AND MEMORIZE SCRIPTURE IN A FUN AND EDUCATIONAL WAY. THE SUMMER STUDY IS ALSO THE...

SUMMER STUDY PROGRAMTHE SUMMER STUDY IS AN 8 UNIT BIBLE STUDY FROM JUNE TO AUGUST WHERE CHILDREN AGES 5-18 EXPLORE AND MEMORIZE SCRIPTURE IN A FUN AND EDUCATIONAL WAY. THE SUMMER STUDY IS ALSO THE FIRST STEP TOWARD QUALIFYING FOR THE NATIONAL BIBLE BEE COMPETITION. AT THE HEART OF THE NATIONAL BIBLE BEE'S SUMMER STUDY PROGRAM IS THE DISCOVERY JOURNAL, AN INDUCTIVE STUDY THAT LAUNCHES CHILDREN ON A JOURNEY THROUGH THE SCRIPTURES. THE STUDY TEACHES CHILDREN TO EXPLORE THE BIBLE USING 11 DIFFERENT STUDY TOOLS AND METHODS SUCH AS: KEYWORDS, CROSS-REFERENCES, BACKGROUND STUDY, PERSONAL APPLICATION, AND ORIGINAL LANGUAGE WORD STUDIES.

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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 $503,500

Program Service Revenue $738,103

Investment Income $0

Other Revenue $-52,017

TOTAL REVENUE $1,189,586

Expense Breakdown

Grants Paid $147,100

Salaries & Benefits $735,159

Fundraising Expenses $0

Program Expenses $2,094,985

Other Expenses $1,882,218

TOTAL EXPENSES $2,764,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,586	$1,061,617	+0.1%
Expenses	$2,764,477	$1,796,194	+0.5%
Net Income	$-1,574,891	$-734,577	+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

Employees

N/A

Volunteers

200

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

$96,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R LEININGER	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA LEININGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H LEININGER	DIRECTOR	1.00	Director	$0	$0	$0
TRACY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
KEN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
GAVINO PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
RUTH PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBBI KENNEDY	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FARRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JASON CONE	PRESIDENT/ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN MULLINS	EXECUTIVE DIRECTOR OF OPERATIONS	1.00	Officer	$0	$0	$96,207

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	$1,189,586	$2,764,477	$2,156,224	$-1,574,891
2023	$1,061,617	$1,796,194	$2,604,288	$-734,577
2022	$355,692	$1,818,610	$2,284,137	$-1,462,918
2021	$1,090,970	$1,675,360	$2,859,316	$-584,390
2020	$1,557,403	$1,667,809	$3,183,492	$-110,406
2019	$1,347,221	$1,727,911	$3,482,934	$-380,690
2018	$1,852,083	$1,502,838	$3,984,348	$349,245