BAPTIST RETIREMENT HOMES FOUNDATION (EIN 562205837) - 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

2000

Legal Domicile

Principal Officer

REED A VANDERSLIK

Phone

3367250202

Tax Period

2023-10-01 to 2024-09-30

BAPTIST RETIREMENT HOMES FOUNDATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. Net assets of $45.2M represent 141 months of operating reserves.

Mission

FUND AND SUPPORT THE BENEVOLENT MINISTRY OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INC.

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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 $1,847,920

Program Service Revenue $0

Investment Income $1,995,505

Other Revenue $0

TOTAL REVENUE $3,843,425

Expense Breakdown

Grants Paid $2,916,057

Salaries & Benefits $184,145

Fundraising Expenses $212,175

Program Expenses $2,916,057

Other Expenses $747,944

TOTAL EXPENSES $3,848,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,843,425	$1,330,323	+1.9%
Expenses	$3,848,146	$2,456,704	+0.6%
Net Income	$-4,721	$-1,126,381	-1.0%

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

$738,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MORGAN	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLOTTE COOK-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CLARENCE LAMBE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN SCALES	DIRECTOR	1.00	Director	$0	$0	$0
HENRY SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
REED VANDERSLIK	ASST SECRETARY	4.00	Officer	$0	$48,222	$432,833
SCOTT FARKAS	ASST TREASURER THRU 9/26/23	4.00	Officer	$0	$40,927	$194,335
MICHAEL BRADY	ASST TREASURER AS OF 2/12/24	4.00	Officer	$0	$0	$0
MONIQUE FARRELL	DIRECTOR OF DEVELOPMENT	36.00	Officer	$0	$9,618	$110,868

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	$3,843,425	$3,848,146	$45,176,642	$-4,721
2023	$1,330,323	$2,456,704	$39,730,118	$-1,126,381
2022	$4,268,416	$634,186	$38,117,881	$3,634,230
2021	$2,829,285	$1,645,716	$47,968,572	$1,183,569
2020	$1,712,431	$2,129,779	$41,531,441	$-417,348
2019	$2,220,805	$1,916,920	$40,115,193	$303,885
2018	$2,553,899	$1,639,952	$41,173,871	$913,947

BAPTIST RETIREMENT HOMES FOUNDATION