AC & LILLIAN D BULLA MEMORIAL FOUNDATION (EIN 566065232) - 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

1962

Legal Domicile

Principal Officer

JOHNNY NEESE

Phone

9198327535

Tax Period

2024-01-01 to 2024-12-31

AC & LILLIAN D BULLA MEMORIAL FOUNDATION, founded in 1962, is a small nonprofit that reported $105K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 55% operating margin.

Mission

THE PURPOSE OF THE A.C. AND LILLIAN D. BULLA MEMORIAL FOUNDATION, INC. IS TO USE THE PRINCIPAL AND NET INCOME RECEIVED FROM THE PRINCIPAL FUNDS HELD BY THE FOUNDATION FOR TWO PURPOSES: A STUDENT LOAN FUND AND A PERMANENT IMPROVEMENT FUND TO BENEFIT EDENTON STREET UNITED METHODIST CHURCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,946

Investment Income $95,263

Other Revenue $0

TOTAL REVENUE $105,209

Expense Breakdown

Grants Paid $25,060

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,560

Other Expenses $22,053

TOTAL EXPENSES $47,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,209	$73,629	+0.4%
Expenses	$47,113	$147,851	-0.7%
Net Income	$58,096	$-74,222	-1.8%

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
JOHNNY NEESE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEE BLACK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BUDDY WHELESS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOYCE LEDBETTER	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY WATTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIS SMITH	BOARD MEMBER	2.00	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	$105,209	$47,113	$3,773,117	$58,096
2023	$73,629	$147,851	$3,554,530	$-74,222
2022	$65,621	$116,690	$3,310,018	$-51,069
2021	$406,852	$18,641	$3,885,097	$388,211
2020	$7,582	$57,961	$3,476,396	$-50,379
2019	$59,724	$213,646	$3,204,780	$-153,922
2018	$81,431	$22,693	$2,998,331	$58,738

AC & LILLIAN D BULLA MEMORIAL FOUNDATION