Free Will Baptist Retirement Homes

EIN: 591609301 501(c)(3)

Ayden, NC

Total Revenue
$90,327
Total Expenses
$90,546
Total Assets
$188,624
Net Assets
$188,006
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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
NC
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.

Program Service Accomplishments

Program 1
Expenses: $80,768

Provided placement services, handicap equipment, and utilities to individuals on limited retirement income.

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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%)

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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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Governance

Voting Members
10
Independent Members
10
Employees
2
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
5
$15,300
Total Directors
11
$15,300
Key Employees
0
$0
Highest Compensated
0
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
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