First Baptist Properties Inc (EIN 582264396) - 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

1999

Legal Domicile

Principal Officer

Ben Smith

Phone

7063224468

Tax Period

2024-01-01 to 2024-12-31

First Baptist Properties Inc, founded in 1999, is a micro nonprofit that reported $30K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 769% operating deficit.

Mission

The corporation is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt under Section 501 of the Internal Revenue Code of 1986, as amended.

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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 $10,062

Other Revenue $19,834

TOTAL REVENUE $29,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,398

Fundraising Expenses $0

Other Expenses $70,543

TOTAL EXPENSES $259,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,896	$81,252	-0.6%
Expenses	$259,941	$221,870	+0.2%
Net Income	$-230,045	$-140,618	+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

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
Jerry Newman	Member	1.00	Director	$0	$0	$0
Gayle Douglas	Member	1.00	Director	$0	$0	$0
Tracy Fisher	Member	1.00	Director	$0	$0	$0
Joe Waller	Member	1.00	Director	$0	$0	$0
Ashton Smith	Member	1.00	Director	$0	$0	$0
Tommy Boyd	Chairman	1.00	Officer Director	$0	$0	$0
Mike Hudson	Member	1.00	Director	$0	$0	$0
Ron King	Deacon Chair	1.00	Officer Director	$0	$0	$0
Anthony Polizzi	Member	1.00	Director	$0	$0	$0
Frank Reams	Member	1.00	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	$29,896	$259,941	$3,917,585	$-230,045
2024	No data	No data	No data	No data
2023	$81,252	$221,870	$3,768,769	$-140,618
2022	$45,114	$217,642	$3,899,177	$-172,528
2021	$4,786	$219,072	$4,078,200	$-214,286
2020	$-87,337	$204,407	$4,213,229	$-291,744
2019	$-45,144	$171,308	$4,518,348	$-216,452
2018	$-220,805	$170,319	$4,724,046	$-391,124

First Baptist Properties Inc