Free Will Baptist Retirement Homes (EIN 591609301) - 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

1975

Legal Domicile

Principal Officer

Ronnie Taylor

Tax Period

2019-07-01 to 2020-06-30

Free Will Baptist Retirement Homes, founded in 1975, is a micro nonprofit that reported $90K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year. Net assets of $188K represent 25 months of operating reserves.

Mission

Christian ministry committed to assisting retired individuals on limited income with daily necessities.

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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 (2019)

Revenue Breakdown

Contributions & Grants $89,713

Program Service Revenue $0

Investment Income $614

Other Revenue $0

TOTAL REVENUE $90,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,693

Fundraising Expenses $0

Program Expenses $80,768

Other Expenses $64,853

TOTAL EXPENSES $90,546

Year-over-Year Comparison

	2019	2018	Change
Revenue	$90,327	$101,930	-0.1%
Expenses	$90,546	$92,992	0.0%
Net Income	$-219	$8,938	-1.0%

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

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

$15,300

Total Directors

$15,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronnie Taylor	Exec Director	20.00	Officer Director	$15,300	$0	$15,300
Lloyd Jones	Chairman	0.00	Officer Director	$0	$0	$0
Lewis Godwin	Reverend	0.00	Director	$0	$0	$0
Michael Barnhill	Reverend	0.00	Director	$0	$0	$0
Dr Franklin Baggett	Reverend	0.00	Director	$0	$0	$0
Keith Phillips	Vice-Chairman	0.00	Director	$0	$0	$0
Freddie Edwards	Reverend	0.00	Director	$0	$0	$0
Debbie Hare	Board Member	0.00	Officer Director	$0	$0	$0
Dr Thomas Parrish	Reverend	0.00	Officer Director	$0	$0	$0
Reginald Parker	Secretary	0.00	Officer Director	$0	$0	$0
Joann Windley	Board Member	0.00	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
2020	$90,327	$90,546	$188,624	$-219
2019	$101,930	$92,992	$188,699	$8,938

Free Will Baptist Retirement Homes