The Santiago Foundation to Benefit St James Church Texarkana (EIN 454378012) - 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

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

The Santiago Foundation to Benefit St James Church Texarkana, founded in 2011, is a micro nonprofit in the Religion sector that reported $46K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $58K exceeded revenue, resulting in a 27% operating deficit.

Mission

The Santiago Foundation will act as a fund to provide long-term financial support for St James Church, Texarkana, in its mission and ministry of propagating the Gospel and restoring all people to God and to each other through Sacramental worship and Christ-like living by receiving and retaining gifts from the church, the community and individuals, and for distributing such assets directly to, or at the direction of St James Church, Texarkana.

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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 $2,000

Program Service Revenue $0

Investment Income $43,947

Other Revenue $0

TOTAL REVENUE $45,947

Expense Breakdown

Grants Paid $51,318

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,804

Other Expenses $6,972

TOTAL EXPENSES $58,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,947	$32,616	+0.4%
Expenses	$58,290	$7,038	+7.3%
Net Income	$-12,343	$25,578	-1.5%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
David Halt	Director	Director	$0	$0	$0
Michelle Shores	Director	Director	$0	$0	$0
Mike Lowe	Director	Director	$0	$0	$0
Scott Bruner	Director	Director	$0	$0	$0
Scott Robertson	Director	Director	$0	$0	$0
Mark Van Herpen	Director	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	$45,947	$58,290	$964,922	$-12,343
2022	$32,616	$7,038	$873,577	$25,578
2021	$104,950	$7,285	$1,037,700	$97,665
2020	$53,998	$6,977	$922,781	$47,021
2019	$50,932	$13,428	$834,315	$37,504
2018	$38,857	$8,073	$691,677	$30,784

The Santiago Foundation to Benefit St James Church Texarkana