BIBLE WAY CHURCH OF GEORGETOWN (EIN 570760817) - 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

1975

Legal Domicile

Principal Officer

GEMERIAL S GRAYSON

Phone

8435463215

Tax Period

2024-01-01 to 2024-12-31

BIBLE WAY CHURCH OF GEORGETOWN, founded in 1975, is a small nonprofit in the Human Services sector that reported $524K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $644K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE CHILD DAY CARE SERVICES FOR NEEDY CHILDREN OF WORKING PARENTS

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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 $411,426

Program Service Revenue $111,081

Investment Income $0

Other Revenue $1,054

TOTAL REVENUE $523,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,389

Fundraising Expenses $0

Program Expenses $559,320

Other Expenses $150,254

TOTAL EXPENSES $643,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,561	$420,557	+0.2%
Expenses	$643,643	$744,080	-0.1%
Net Income	$-120,082	$-323,523	-0.6%

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

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

$87,880

Total Directors

$104,000

Key Employees

$139,880

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SMITH	DIRECTOR	40.00	Director Key Emp	$52,000	$0	$52,000
BRITTNEY L GRAYSON	DIRECTOR	40.00	Officer Director Key Emp	$52,000	$0	$52,000
GEMERIAL S GRAYSON	SECRETARY	40.00	Officer Key Emp	$35,880	$0	$35,880

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	$523,561	$643,643	$-1,114,479	$-120,082
2023	$420,557	$744,080	$-994,397	$-323,523
2022	$671,071	$576,182	$-670,874	$94,889
2021	$408,843	$448,350	$-765,763	$-39,507
2020	$347,076	$408,100	$-726,256	$-61,024
2019	$263,626	$380,285	$-665,232	$-116,659
2018	$265,958	$378,179	$-548,573	$-112,221

BIBLE WAY CHURCH OF GEORGETOWN