BOSTON MISSIONARY BAPTIST COMMUNIT… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

ARTHUR ALMEDA

Phone

6177564413

Tax Period

2024-01-01 to 2024-12-31

BOSTON MISSIONARY BAPTIST COMMUNITY CENTER INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $625K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 18% operating margin.

Mission

FOR CHARITABLE AND EDUCATIONAL PURPOSES. TO ASSIST LOW-INCOME, UNDERSERVED,UNDERPRIVILEGED INDIVIDUALS AND THEIR CHILDREN TO HELP THEMSELVES COMPLETE THEIR EDUCATION AND ACHIEVE ECONOMIC SELF-SUFFICIENCY THROUGH EMPOWERMENT SKILLS, ACCESS TO AFFORDABLE HOUSING, CHILD AND YOUTH DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $502,264 Revenue: $502,264

This amount allowed us to execute the various program services for the year.

Program 2

Expenses: $11,476 Revenue: $11,476

This amount covered the cost of insuring our trucks, the cost occupancy for our program.

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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 $624,625

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $624,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,656

Fundraising Expenses $0

Program Expenses $513,740

Other Expenses $467,084

TOTAL EXPENSES $513,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,625	$352,721	+0.8%
Expenses	$513,740	$350,630	+0.5%
Net Income	$110,885	$2,091	+52.0%

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

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

$45,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR ALMEDA	PRESIDENT	30	Director	$45,480	$0	$45,480

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	$624,625	$513,740	$338,668	$110,885
2023	$352,721	$350,630	$207,274	$2,091
2022	$286,938	$258,872	$221,201	$28,066
2021	$220,935	$179,087	$192,627	$41,848
2020	$263,582	$182,236	$150,799	$81,346

BOSTON MISSIONARY BAPTIST COMMUNITY CENTER INC