BEST PAYMENTS FOUNDATION

EIN: 471381176 501(c)(3) Human Services

DELAWARE, OH

Total Revenue
$1,242,092
Total Expenses
$1,130,501
Total Assets
$260,248
Net Assets
$260,248
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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
OH
Principal Officer
SHERRI L SCHUMM
Phone
6142090667
Tax Period
2024-01-01 to 2024-12-31

BEST PAYMENTS FOUNDATION, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 9% surplus.

Mission

TO PROVIDE BILL PAYMENT SERVICES TO DEVELOPMENTAL, MENTAL, AND PHYSICALLY DISABLED INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,242,092
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,242,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $971,206
Fundraising Expenses $0
Program Expenses $971,206
Other Expenses $159,295
TOTAL EXPENSES $1,130,501

Year-over-Year Comparison

2024 2023 Change
Revenue $1,242,092 $839,270 +0.5%
Expenses $1,130,501 $754,904 +0.5%
Net Income $111,591 $84,366 +0.3%
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
1
Independent Members
N/A
Employees
24
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
$166,051
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRI L SCHUMM PRESIDENT 40.00
Officer
$166,051 $0 $166,051
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 No data No data No data No data
2024 $1,242,092 $1,130,501 $260,248 $111,591
2023 $839,270 $754,904 $148,657 $84,366
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