SULLIVANS ISLAND, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PITTMAN EDUCATIONAL TRUST FBO FIRST BAPTIST CHURCH OF CLEVELAND MS, founded in 1987, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2018. Revenue surged 1165% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 26% operating deficit.
THE PRIMARY MISSION OF THE MAUDE ELIZABETH PITTMAN EDUCATION TRUST F/B/O THE FIRST BAPTIST CHURCH OF CLEVELAND, MS IS TO PROVIDE FUNDING TO THE CHURCH FOR SCHOLARSHIP SUPPORT FOR NEEDY MINISTERIAL STUDENTS AND FUNDING FOR OTHER EDUCATIONAL PROGRAMS OF THE FIRST BAPTIST CHURCH. FUNDS ARE ALSO PROVIDED TO DELTA STATE UNIVERSITY FOUNDATION, INC. OF CLEVELAND, MS TO BE USED EXCLUSIVELY FOR SCHOLARSHIP SUPPORT OF NEEDY DELTA STATE UNIVERSITY STUDENTS.IN 2018, THE BOARD APPROVED THE DISSOLUTION OF THE TRUST WITH THE FUNDS BEING DISTRIBUTED 33% TO FIRST BAPTIST CHURCH OF CLEVELAND MISSISSIPPI AND 67% TO DELTA STATE UNIVERSITY FOUNDATION. AT THE END OF 2018 ALL FUNDS ON HAND HAD BEEN DISTRIBUTED. HOWEVER, IN 2019 ADDITIONAL FUNDS FROM A CLASS ACTION SETTLEMENT WERE RECEIVED, THEREFORE THE 2018 RETURN IS NOT THE FINAL RETURN FOR THE TRUST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | $4,908,236 | $388,122 | +11.6% |
| Expenses | $6,204,465 | $154,921 | +39.0% |
| Net Income | $-1,296,229 | $233,201 | -6.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRED E PITTMAN MD | FOUNDER TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| RYAN F WHITLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA D ROWE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER L PITTMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN C PITTMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REVEREND BRAD BECKWITH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM N LAFORGE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $4,908,236 | $6,204,465 | No data | $-1,296,229 |
Compare PITTMAN EDUCATIONAL TRUST FBO FIRST BAPTIST CHURCH OF CLEVELAND MS with other nonprofits in South Carolina and across the country.