Salem Baptist Church Foundation

EIN: 262226100 501(c)(3) Religion

New Brighton, MN

Total Revenue
$178,083
Total Expenses
$139,940
Total Assets
$1,161,474
Net Assets
$1,158,568
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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
2008
Legal Domicile
MN
Principal Officer
Steve Fischer
Phone
6516337515
Tax Period
2025-01-01 to 2025-12-31

Salem Baptist Church Foundation, founded in 2008, is a small nonprofit in the Religion sector that reported $178K in total revenue in fiscal year 2025. Revenue surged 291% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 21% operating margin.

Mission

Financially support and promote the religious programs and activities of Salem Baptist Church dba GracePoint Church with investment income earnings.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,045
Program Service Revenue $0
Investment Income $167,038
Other Revenue $0
TOTAL REVENUE $178,083

Expense Breakdown

Grants Paid $138,902
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $138,940
Other Expenses $1,038
TOTAL EXPENSES $139,940

Year-over-Year Comparison

2025 2024 Change
Revenue $178,083 $45,545 +2.9%
Expenses $139,940 $46,803 +2.0%
Net Income $38,143 $-1,258 -31.3%
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
13
Independent Members
13
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Naylor Treasurer 1.50
Officer Director
$0 $0 $0
Jared Carlson Trustee 0.25
Director
$0 $0 $0
Jim Huninghake Secretary 0.50
Officer Director
$0 $0 $0
Carol Engstrom Trustee 1.00
Director
$0 $0 $0
Doris Frost Vice President 1.00
Director
$0 $0 $0
Steve Fischer President 1.00
Officer Director
$0 $0 $0
Sue Carey Trustee 0.50
Director
$0 $0 $0
Elisabeth Kallman Trustee 0.50
Director
$0 $0 $0
John Hendrickson Trustee 0.50
Director
$0 $0 $0
Jack Hoehl Trustee 0.50
Director
$0 $0 $0
Ken Pieh Trustee 0.50
Director
$0 $0 $0
Ryan Mick Trustee 0.50
Director
$0 $0 $0
Becky Tietz Trustee 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
2025 $178,083 $139,940 $1,161,474 $38,143
2024 $45,545 $46,803 $1,136,070 $-1,258
2023 $24,921 $28,574 $1,040,877 $-3,653
2022 $32,071 $36,235 $931,957 $-4,164
2021 $67,371 $32,400 $1,124,889 $34,971
2020 $35,617 $21,900 $1,007,465 $13,717
2019 $71,937 $34,450 $940,808 $37,487
2018 $46,689 $33,900 $802,648 $12,789
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