INDEPENDENT FUNDAMENTAL BAPTIST ASSEMBLY (EIN 371038748) - 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

1949

Legal Domicile

Principal Officer

Keith Augustus

Phone

2176622417

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT FUNDAMENTAL BAPTIST ASSEMBLY, founded in 1949, is a small nonprofit that reported $411K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $354K left a modest 14% surplus.

Mission

Camp Assurance is a home missions ministry using the unique aspects of the camping ministry to reach young people for the Lord Jesus Christ, strengthen families, and serve local churches. It is a place of decision in the areas of salvation, full surrender, and consistent Christian walk.

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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 (2023)

Revenue Breakdown

Contributions & Grants $318,937

Program Service Revenue $87,489

Investment Income $2,837

Other Revenue $1,692

TOTAL REVENUE $410,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,880

Fundraising Expenses $0

Program Expenses $194,441

Other Expenses $264,479

TOTAL EXPENSES $354,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,955	$288,016	+0.4%
Expenses	$354,359	$325,377	+0.1%
Net Income	$56,596	$-37,361	-2.5%

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

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
Sam Brock	Chairman/President	2	Officer Director	$0	$0	$0
Jon Goldfuss	Vice President	0	Officer Director	$0	$0	$0
Craig Lawson	Member	0	Director	$0	$0	$0
Paul Rebert	Member	0	Director	$0	$0	$0
Matty Ledgerwood	Member	0	Director	$0	$0	$0
Wayne Mix	Member	0	Director	$0	$0	$0
Brandon Tipsword	Member	0	Director	$0	$0	$0
Ember Brock	Secretary/Treasurer	20	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
2023	$410,955	$354,359	$551,693	$56,596
2022	$288,016	$325,377	$482,607	$-37,361
2021	$376,454	$328,565	$523,721	$47,889
2020	$295,088	$262,060	$476,184	$33,028
2019	$394,823	$289,801	$438,483	$105,022

INDEPENDENT FUNDAMENTAL BAPTIST ASSEMBLY