BELLEVUE FOUNDATION INC (EIN 621818929) - 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

2000

Legal Domicile

Principal Officer

CHIP FREEMAN

Phone

9013475470

Tax Period

2024-01-01 to 2024-12-31

BELLEVUE FOUNDATION INC, founded in 2000, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 115% operating deficit.

Mission

TO GLORIFY GOD BY SPREADING THE GOSPEL OF THE LORD JESUS CHRIST AT HOME AND AROUND THE WORLD.

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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 $1,261,422

Program Service Revenue $12,575

Investment Income $426,436

Other Revenue $4,725

TOTAL REVENUE $1,705,158

Expense Breakdown

Grants Paid $3,630,321

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,630,321

Other Expenses $36,425

TOTAL EXPENSES $3,666,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,705,158	$5,724,897	-0.7%
Expenses	$3,666,746	$1,332,214	+1.8%
Net Income	$-1,961,588	$4,392,683	-1.4%

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 COOMBS	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLIE MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ELLIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM HUTTO	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN REDMOND	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS NORMAN	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
CHIP FREEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY YARBROUGH	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
2024	$1,705,158	$3,666,746	$6,889,724	$-1,961,588
2023	$5,724,897	$1,332,214	$8,573,833	$4,392,683
2022	$1,570,692	$1,365,499	$3,878,212	$205,193
2021	$1,873,411	$1,665,536	$4,434,633	$207,875
2020	$1,501,368	$1,084,893	$4,244,779	$416,475
2019	$1,384,108	$1,110,854	$3,761,423	$273,254
2018	$532,725	$557,504	$3,334,917	$-24,779

BELLEVUE FOUNDATION INC