First Baptist Foundation Inc (EIN 581838325) - 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

1963

Legal Domicile

Principal Officer

Ben Smith

Phone

7063224468

Tax Period

2024-01-01 to 2024-12-31

First Baptist Foundation Inc, founded in 1963, is a small nonprofit that reported $269K in total revenue in fiscal year 2024. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 54% operating margin.

Mission

To support the operations of First Baptist Church, 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $269,324

Other Revenue $0

TOTAL REVENUE $269,324

Expense Breakdown

Grants Paid $100,115

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,115

Other Expenses $23,347

TOTAL EXPENSES $123,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,324	$82,502	+2.3%
Expenses	$123,462	$285,245	-0.6%
Net Income	$145,862	$-202,743	-1.7%

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 Johnson	Trustee	1.00	Director	$0	$0	$0
Larry Cardin	Trustee	1.00	Director	$0	$0	$0
Will Thompson	Trustee	1.00	Director	$0	$0	$0
Allen Denham	Trustee	1.00	Director	$0	$0	$0
Ron King	Chairman	1.00	Officer Director	$0	$0	$0
Dr James Elder	Church pastor	1.00	Officer	$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
2024	$269,324	$123,462	$5,725,429	$145,862
2023	$82,502	$285,245	$5,325,316	$-202,743
2022	$220,991	$58,875	$5,203,969	$162,116
2021	$363,415	$131,584	$5,713,665	$231,831
2020	$195,538	$91,330	$5,358,589	$104,208
2019	$267,840	$221,257	$5,148,112	$46,583
2018	$398,028	$138,797	$4,710,400	$259,231

First Baptist Foundation Inc