SOUTHSIDE METHODIST CHURCH FOUNDAT… - Form 990 Financial Data

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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

COREY DAWSON

Phone

9043962676

Tax Period

2024-01-01 to 2024-12-31

SOUTHSIDE METHODIST CHURCH FOUNDATION INC, founded in 1983, is a micro nonprofit that reported $86K in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 88% operating margin.

Mission

TO PROVIDE EDUCATIONAL FUNDING ASSISTANCE TO QUALIFIED INDIVIDUALS AND PROVIDE FUNDING FOR MAINTENANCE OF FACILITIES AND OTHER SPECIFIED PROGRAMS AND OPERATIONS OF SOUTHSIDE METHODIST CHURCH.

Program Service Accomplishments

Program 1

Expenses: $7,700

AMOUNTS PAID TO ASSIST QUALIFIED INDIVIDUALS IN UNDERWRITING EDUCATIONAL COSTS IN AN ESTABLISHED EDUCATIONAL PROGRAM AND/OR INSTITUTION.

Program 2

Expenses: $2,710

TRANSFERS TO SOUTHSIDE METHODIST CHURCH TO HELP DEFRAY COSTS OF REPAIRS AND MAINTENANCE TO CHURCH FACILITIES, OTHER CHURCH PROPERTIES AND VARIOUS CHURCH PROGRAMS.

Program 3

TRANSFERS TO SOUTHSIDE METHODIST CHURCH TO HELP DEFRAY COSTS OF CHURCH YOUTH PROGRAMS.

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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 $50,500

Program Service Revenue $0

Investment Income $35,380

Other Revenue $0

TOTAL REVENUE $85,880

Expense Breakdown

Grants Paid $7,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,410

Other Expenses $2,710

TOTAL EXPENSES $10,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,880	$27,389	+2.1%
Expenses	$10,410	$13,574	-0.2%
Net Income	$75,470	$13,815	+4.5%

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
DAVID PRICE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MOSBY	TRUSTEE	1.00	Officer Director	$0	$0	$0
CAROLYN BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
COREY DAWSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
CODY BARKSDALE	TRUSTEE	1.00	Director	$0	$0	$0
MARK THIELE	TRUSTEE	1.00	Officer Director	$0	$0	$0
ROCKER BOBO	TRUSTEE	1.00	Officer Director	$0	$0	$0
FRITZ BROWN	TRUSTEE	1.00	Director	$0	$0	$0
STAN HILL	TRUSTEE	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	$85,880	$10,410	$846,273	$75,470
2023	$27,389	$13,574	$770,803	$13,815
2022	$7,031	$7,089	$756,988	$-58
2021	$25,172	$6,380	$757,046	$18,792
2020	$27,641	$7,855	$738,254	$19,786

SOUTHSIDE METHODIST CHURCH FOUNDATION INC