Limestone Baptist Association Inc

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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

1948

Legal Domicile

Principal Officer

Kevin Ward

Tax Period

2023-01-01 to 2023-12-31

Limestone Baptist Association Inc, founded in 1948, is a small nonprofit in the Religion sector that reported $301K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

To promote and maintain cooperation among Southern Baptist Churches of Limestone County.

Program Service Accomplishments

Program 1

Expenses: $271,518

Appointing and supporting tasks that further the cause of Christ and provide support for all missionary, educational, and benevolent enterprises fostered by the Association, the Alabama State...

Appointing and supporting tasks that further the cause of Christ and provide support for all missionary, educational, and benevolent enterprises fostered by the Association, the Alabama State Convention, and the Southern Baptist Convention.

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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 (2023)

Revenue Breakdown

Contributions & Grants $262,599

Program Service Revenue $38,016

Investment Income $4

Other Revenue $0

TOTAL REVENUE $300,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,364

Fundraising Expenses $0

Program Expenses $271,518

Other Expenses $141,640

TOTAL EXPENSES $310,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,619	$328,917	-0.1%
Expenses	$310,004	$293,494	+0.1%
Net Income	$-9,385	$35,423	-1.3%

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

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
Mary Baugher	Trustee	1.00	Director	$0	$0	$0
George Hardy	Trustee	1.00	Director	$0	$0	$0
Pat Roberts	Trustee	1.00	Director	$0	$0	$0
Kevin Ward	Director of Ministires	40.00	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
2024	No data	No data	No data	No data
2023	$300,619	$310,004	$375,949	$-9,385
2022	$328,917	$293,494	$388,593	$35,423
2021	$300,085	$285,711	$356,685	$14,374
2020	$269,128	$245,343	$345,216	$23,785
2019	$254,927	$252,347	$309,489	$2,580
2018	$235,680	$236,958	$307,003	$-1,278