BAPTIST TOWERS FOUNDATION INC

EIN: 593657249 501(c)(3) Religion

JACKSONVILLE, FL

Total Revenue
$21,841
Total Expenses
$25,121
Total Assets
$619,836
Net Assets
$619,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
FL
Principal Officer
CHARLES A CUTHBERTSON
Tax Period
2024-06-01 to 2025-05-31

BAPTIST TOWERS FOUNDATION INC, founded in 2000, is a micro nonprofit in the Religion sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 15% operating deficit.

Mission

BAPTIST TOWERS FOUNDATION, INC. WAS FORMED TO PROVIDE SUPPORT FOR THE TOWERS OF JACKSONVILLE, INC. (59-1392216)

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $21,841
Other Revenue $0
TOTAL REVENUE $21,841

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,121
Other Expenses $25,121
TOTAL EXPENSES $25,121

Year-over-Year Comparison

2024 2023 Change
Revenue $21,841 $132,927 -0.8%
Expenses $25,121 $16,970 +0.5%
Net Income $-3,280 $115,957 -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

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Governance

Voting Members
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES A CUTHBERTSON PRESIDENT 1.00
Officer Director
$0 $0 $0
DANNY EDWARDS TREASURER 1.00
Officer Director
$0 $0 $0
MARSHALL HILL SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN A MITCHELL III DIRECTOR 1.00
Director
$0 $0 $0
R LEE ROWE III VICE PRESIDE 1.00
Officer Director
$0 $0 $0
HEATHER M SOLANKA DIRECTOR 1.00
Director
$0 $0 $0
ANNA VALENT DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM WARE DIRECTOR 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
2025 $21,841 $25,121 $619,836 $-3,280
2024 $132,927 $16,970 $597,780 $115,957
2023 $9,316 $10,669 $436,200 $-1,353
2022 $72,006 $5,838 $446,004 $66,168
2021 $23,276 $4,940 $443,964 $18,336
2020 $12,252 $4,752 $352,160 $7,500
2019 $210,842 $3,699 $336,620 $207,143
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