FIRST BAPTIST FOUNDATION OF TUSCALOOSA (EIN 636050495) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

JOEL LAKE

Phone

2053458440

Tax Period

2024-01-01 to 2024-12-31

FIRST BAPTIST FOUNDATION OF TUSCALOOSA, founded in 1962, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2018. Revenue surged 855% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 100% operating margin.

Mission

TO ASSIST WITH MISSIONS, SCHOLARSHIPS AND OTHER RELIGIOUS ACTIVITIES AND TO BENEFIT FIRST BAPTIST CHURCH ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $74,885

Program Service Revenue $0

Investment Income $347,297

Other Revenue $0

TOTAL REVENUE $422,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,100

TOTAL EXPENSES $1,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,182	$247,928	+0.7%
Expenses	$1,100	$1,200	-0.1%
Net Income	$421,082	$246,728	+0.7%

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
JOEL LAKE	CHAIRMAN	Officer Director	$0	$0	$0
WAYNE HOCUTT	DIRECTOR	Director	$0	$0	$0
JOHN HOGUE	DIRECTOR	Director	$0	$0	$0
CHUCK MALONE	DIRECTOR	Director	$0	$0	$0
HAL THURMOND	DIRECTOR	Director	$0	$0	$0
STAN TURNIPSEED	DIRECTOR	Director	$0	$0	$0
QUENTON MATTHEWS	DIRECTOR	Director	$0	$0	$0
WES PERRY	DIRECTOR	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	$422,182	$1,100	$5,099,220	$421,082
2023	$247,928	$1,200	$4,678,138	$246,728
2022	$15,548	$995	$4,431,410	$14,553
2021	$380,585	$100,875	$4,416,858	$279,710
2020	$265,252	$101,300	$4,137,148	$163,952
2019	$335,622	$424,875	$3,973,196	$-89,253
2018	$1,202,011	$4,925	$4,062,449	$1,197,086

FIRST BAPTIST FOUNDATION OF TUSCALOOSA