SIBI FOUNDATION

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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

2011

Legal Domicile

Principal Officer

TRUITT ADAIR

Phone

8067883242

Tax Period

2024-01-01 to 2024-12-31

SIBI FOUNDATION, founded in 2011, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.1M, a strong 46% operating margin.

Mission

SIBI FOUNDATION SOLELY SUPPORTS THE ACTIVITIES AND MISSIONS OF SUNSET INTERNATIONAL BIBLE INSTITUTE, INC

Program Service Accomplishments

Program 1

Expenses: $1,126,572

TO SUPPORT SUNSET INTERNATIONAL BIBLE INSTITUTE THROUGH TRANSFERS OF CASH FOR OPERATING PURPOSES

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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 $1,576,003

Program Service Revenue $0

Investment Income $781,096

Other Revenue $0

TOTAL REVENUE $2,357,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,126,572

Other Expenses $1,275,233

TOTAL EXPENSES $1,275,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,357,099	$2,906,668	-0.2%
Expenses	$1,275,233	$1,088,724	+0.2%
Net Income	$1,081,866	$1,817,944	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRUITT ADAIR	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENZEL MAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE CROCKETT	TREASURER	1.00	Officer Director	$0	$0	$0
GENE MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
DON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RANEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM HAWTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
MARK SAMSILL	DIRECTOR	1.00	Director	$0	$0	$0
JAY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCNIEL	SECRETARY	1.00	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
2024	$2,357,099	$1,275,233	$29,165,924	$1,081,866
2023	$2,906,668	$1,088,724	$26,497,052	$1,817,944
2022	$3,423,400	$993,684	$22,325,974	$2,429,716
2021	$5,230,738	$92,948	$22,655,388	$5,137,790
2021	$3,935,219	$812,635	$22,658,439	$3,122,584
2020	$4,055,892	$613,096	$17,519,318	$3,442,796
2019	$3,308,531	$501,985	$14,080,005	$2,806,546
2018	$1,218,388	$499,184	$11,284,009	$719,204