BIBLICAL FOUNDATIONS ACADEMY

EIN: 411861794 501(c)(3) Religion

CHARLOTTE, NC

Total Revenue
$145,685
Total Expenses
$251,063
Total Assets
$375,915
Net Assets
$376,459
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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
1997
Legal Domicile
NC
Principal Officer
Keith Johnson
Phone
6123148907
Tax Period
2025-01-01 to 2025-12-31

BIBLICAL FOUNDATIONS ACADEMY, founded in 1997, is a small nonprofit in the Religion sector that reported $146K in total revenue in fiscal year 2025. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 72% operating deficit.

Mission

HELPING PEOPLE BUILD A BIBLICAL FOUNDATION FOR THEIR FAITH (WEBSITE, TOURS, SPEAKING)

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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 $139,439
Program Service Revenue $0
Investment Income $5,206
Other Revenue $1,040
TOTAL REVENUE $145,685

Expense Breakdown

Grants Paid $4,432
Salaries & Benefits $158,683
Fundraising Expenses $6,500
Program Expenses $119,928
Other Expenses $87,948
TOTAL EXPENSES $251,063

Year-over-Year Comparison

2025 2024 Change
Revenue $145,685 $259,240 -0.4%
Expenses $251,063 $236,920 +0.1%
Net Income $-105,378 $22,320 -5.7%
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
3
Independent Members
3
Employees
2
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
1
$95,667
Total Directors
3
$95,667
Key Employees
1
$95,667
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Johnson Director 40
Officer Director Key Emp Highest
$57,667 $38,000 $95,667
KYLE JOHNSON Board member 5
Director
$0 $0 $0
TIMOTHY BAYNARD Board member 5
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 $145,685 $251,063 $375,915 $-105,378
2024 $259,240 $236,920 $482,850 $22,320
2023 $343,029 $316,085 $460,735 $26,944
2022 $373,372 $305,568 $420,533 $67,804
2021 $358,086 $304,892 $378,116 $53,194
2020 $309,004 $230,586 $316,174 $78,418
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