TRUTH BAPTIST CHURCH (EIN 371762443) - 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

2014

Legal Domicile

Principal Officer

Mitchell McLaurin

Phone

2704011704

Tax Period

2024-01-01 to 2024-12-31

TRUTH BAPTIST CHURCH, founded in 2014, is a micro nonprofit in the Religion sector that reported $63K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide religious education and spiritual education to its members and the community.

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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 $0

Program Service Revenue $63,494

Investment Income $0

Other Revenue $0

TOTAL REVENUE $63,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,112

Other Expenses $73,136

TOTAL EXPENSES $73,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,494	$105,183	-0.4%
Expenses	$73,136	$105,902	-0.3%
Net Income	$-9,642	$-719	+12.4%

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

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
Andy Spencer	President/Director	12	Officer Director	$0	$0	$0
Mitchell McLaurin	Vice President/Director	6	Officer Director	$0	$0	$0
Willie Garth	Director	2	Officer	$0	$0	$0
Ophelia McLaurin	Secretary	4	Officer	$0	$0	$0
Vaneka Bell	Treasurer	3	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	$63,494	$73,136	$635,541	$-9,642
2023	$105,183	$105,902	$645,183	$-719
2022	$220,905	$78,866	$1,046,540	$142,039

TRUTH BAPTIST CHURCH