FIRST PRESBYTERIAN CHURCH FOUNDATION (EIN 571011248) - 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

1994

Legal Domicile

Principal Officer

COREY PHILLIPS

Phone

8645650992

Tax Period

2023-01-01 to 2023-12-31

FIRST PRESBYTERIAN CHURCH FOUNDATION, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $670K, a strong 60% operating margin.

Mission

TO BENEFIT FIRST PRESBYTERIAN CHURCH AND OTHER CHRISTIAN MISSIONS, MINISTRIES AND ORGANIZATIONS SUPPORTED BY FIRST PRESBYTERIAN 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 (2023)

Revenue Breakdown

Contributions & Grants $1,022,620

Program Service Revenue $0

Investment Income $100,875

Other Revenue $0

TOTAL REVENUE $1,123,495

Expense Breakdown

Grants Paid $339,243

Salaries & Benefits $0

Fundraising Expenses $1,985

Program Expenses $353,397

Other Expenses $114,055

TOTAL EXPENSES $453,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,123,495	$970,617	+0.2%
Expenses	$453,298	$346,292	+0.3%
Net Income	$670,197	$624,325	+0.1%

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
BOB AUGUST	DIRECTOR	0.50	Director	$0	$0	$0
CAL HURST	DIRECTOR	0.50	Director	$0	$0	$0
RICK STURGIS	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SIMMONS	DIRECTOR	0.50	Director	$0	$0	$0
BRANDY PAGE	DIRECTOR	0.50	Director	$0	$0	$0
COREY PHILIPS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
TODD RIPLEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANNE BAILEY	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN BOMAR	SECRETARY	0.50	Officer 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	No data	No data	No data	No data
2023	$1,123,495	$453,298	$3,991,670	$670,197
2022	$970,617	$346,292	$3,011,597	$624,325
2021	$575,956	$342,631	$2,978,079	$233,325
2020	$494,220	$385,148	$2,746,855	$109,072
2019	$254,878	$244,054	$2,443,656	$10,824
2018	$255,631	$207,740	$2,432,832	$47,891
2017	$417,604	$300,205	$2,384,941	$117,399

FIRST PRESBYTERIAN CHURCH FOUNDATION