First Baptist Church Foundation (EIN 431966375) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

6059415029

Tax Period

2023-01-01 to 2023-12-31

First Baptist Church Foundation, founded in 2002, is a small nonprofit in the Religion sector that reported $180K in total revenue in fiscal year 2018. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 50% operating margin.

Mission

To handle designated and undesignated donations to First Baptist Church that are to build cash reserves for short term and long term project

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,250

Program Service Revenue $0

Investment Income $46,507

Other Revenue $0

TOTAL REVENUE $78,757

Expense Breakdown

Grants Paid $34,938

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,360

Other Expenses $9,422

TOTAL EXPENSES $44,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,757	$176,410	-0.6%
Expenses	$44,360	$157,719	-0.7%
Net Income	$34,397	$18,691	+0.8%

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
Lyle Terveen	Treasurer	1.00	Director	$0	$0	$0
Mark Swensen	President	1.00	Director	$0	$0	$0
Lee Elhers	Director	1.00	Director	$0	$0	$0
Carol Johnson	Vice President	1.00	Director	$0	$0	$0
Larry Snuttjer	Director	1.00	Director	$0	$0	$0
Richard Klock	Secretary	1.00	Director	$0	$0	$0
Richard Viehweg	President	1.00	Director	$0	$0	$0
MJ Klokkenga	Director	1.00	Director	$0	$0	$0
Kim Tyler	Director	1.00	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
2024	No data	No data	No data	No data
2023	$78,757	$44,360	$1,963,215	$34,397
2022	$176,410	$157,719	$1,744,340	$18,691
2021	$370,272	$90,294	$2,013,854	$279,978
2020	$54,726	$35,404	$1,728,905	$19,322
2019	$163,978	$15,099	$1,533,021	$148,879
2018	$180,096	$90,355	$1,263,526	$89,741

First Baptist Church Foundation