CHRIST CHURCH FREDERICA TRUIST BANK TRUSTEE (EIN 586067060) - 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

1983

Legal Domicile

Principal Officer

TRUIST BANK

Phone

9122650260

Tax Period

2023-01-01 to 2023-12-31

CHRIST CHURCH FREDERICA TRUIST BANK TRUSTEE, founded in 1983, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 563% operating deficit.

Mission

TO PROVIDE GRANTS TO CHRIST CHURCH FREDERICA TO ASSIST IN THE SUPPORT OF THE 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 $0

Program Service Revenue $0

Investment Income $567,214

Other Revenue $0

TOTAL REVENUE $567,214

Expense Breakdown

Grants Paid $3,753,811

Salaries & Benefits $4,786

Fundraising Expenses $0

Program Expenses $3,753,811

Other Expenses $1,950

TOTAL EXPENSES $3,760,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,214	$172,521	+2.3%
Expenses	$3,760,547	$148,613	+24.3%
Net Income	$-3,193,333	$23,908	-134.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNEY SHUMAN	TREASURER	1.00	Director	$0	$0	$0
BETH SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BLATCHFORD	JUNIOR WARDEN	1.00	Director	$0	$0	$0
JONATHAN RACLIN	DIRECTOR	1.00	Director	$0	$0	$0
BILLY SHUMAN	DIRECTOR	1.00	Director	$0	$0	$0
LITT GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TIM COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
TOM PURDY	DIRECTOR	1.00	Director	$0	$0	$0
REES SUMERFORD	CHANCELLOR	1.00	Director	$0	$0	$0
ALICE BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
SARA ELIZABETH SMITH	SENIOR WARDEN	1.00	Director	$0	$0	$0
N/A	TRUSTEE	5.00		$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
2023	$567,214	$3,760,547	No data	$-3,193,333
2022	$172,521	$148,613	$3,244,115	$23,908
2021	$388,378	$150,619	$3,220,207	$237,759
2020	$99,432	$245,319	$2,982,448	$-145,887
2019	$263,204	$357,351	$3,128,335	$-94,147
2018	$291,690	$778,208	$3,220,869	$-486,518

CHRIST CHURCH FREDERICA TRUIST BANK TRUSTEE