First Baptist Housing Inc (EIN 592357101) - 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

1968

Legal Domicile

Principal Officer

Robert E Kelsey

Phone

4078417207

Tax Period

2021-01-01 to 2021-12-31

First Baptist Housing Inc, founded in 1968, is a micro nonprofit that reported $4K in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $214K exceeded revenue, resulting in a 4953% operating deficit.

Mission

First Baptist Housing, Inc. provides housing at below market rates to the elderly. It is a high-rise apartment complex under Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development (HUD) as to rent charges and operating methods. Effective in 2020, the housing facility (the main asset of the organization) was sold to an unrelated entity and the Organization dissolved effective August 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,943

Investment Income $0

Other Revenue $1,296

TOTAL REVENUE $4,239

Expense Breakdown

Grants Paid $208,584

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,453

Other Expenses $5,619

TOTAL EXPENSES $214,203

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,239	$15,132,782	-1.0%
Expenses	$214,203	$17,390,144	-1.0%
Net Income	$-209,964	$-2,257,362	-0.9%

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	Role	Reportable Comp	Other Comp	Total
Kenneth Majors	Director	Director	$0	$0	$0
Danny DeArmas	Director	Director	$0	$0	$0
J Judd Peterson	Director	Director	$0	$0	$0
Paulette Smith	Director	Director	$0	$0	$0
Alan E Hair	Treasurer	Officer Director	$0	$0	$0
Michael Hammond	Director	Director	$0	$0	$0
Robert E Kelsey	President	Officer Director	$0	$0	$0
Lloyd Blackburn	Vice President	Officer Director	$0	$0	$0
Wilburn T Mowdy	Secretary	Officer 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
2021	$4,239	$214,203	No data	$-209,964
2020	$15,132,782	$17,390,144	$211,260	$-2,257,362
2019	$1,286,665	$1,077,061	$3,006,109	$209,604
2018	$1,306,746	$1,074,246	$2,679,138	$232,500

First Baptist Housing Inc