COOPERATIVE BAPTIST FELLOWSHIP OF … - 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

1992

Principal Officer

JASON COKER

Phone

6012489604

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVE BAPTIST FELLOWSHIP OF MISSISSIPPI, founded in 1992, is a micro nonprofit that reported $92K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION IS TO ADVANCE, PROMOTE AND IMPLEMENT AMONG MISSISSIPPI BAPTISTS THE PURPOSES, GOALS AND OBJECTIVES OF THE COOPERATIVE BAPTIST FELLOWSHIP, A GEORGIA NOT-FOR-PROFIT CORPORATION.

Program Service Accomplishments

Program 1

DOMESTIC MISSION PROJECTS ARE ENTERED INTO AS NEEDS ARISE IN THE SOUTHEASTERN AREA SUCH AS DISASTER ASSISTANCE, CHURCH TRNASPORTATION NEEDS, SUPPLIES FOR CHURCHES AND MISSIONS. THE RURAL POVERTY...

DOMESTIC MISSION PROJECTS ARE ENTERED INTO AS NEEDS ARISE IN THE SOUTHEASTERN AREA SUCH AS DISASTER ASSISTANCE, CHURCH TRNASPORTATION NEEDS, SUPPLIES FOR CHURCHES AND MISSIONS. THE RURAL POVERTY INITIATIVE PROGRAM IS A PROGRAM IN WHICH CBF OF MS PROVIDES FUNDS TO RURAL IMPOVERISHED COMMUNITY OUTREACH PROGRAMS. CHURCH STARTS IS A PROGRAM IN WHICH CBF OF MS ASASISTS NEW START-UP CHURCHES IN MISSISSIPPI WITH TRAINING MATERIALS, COACHING, SUPPLIES AND FINANCIAL ASSISTANCE ON AS AS NEEDED BASIS.

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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 $50,893

Program Service Revenue $0

Investment Income $0

Other Revenue $41,388

TOTAL REVENUE $92,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,084

Fundraising Expenses $4,080

Program Expenses $115,635

Other Expenses $112,870

TOTAL EXPENSES $131,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,281	$132,178	-0.3%
Expenses	$131,954	$174,543	-0.2%
Net Income	$-39,673	$-42,365	-0.1%

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
DR CORA JACKSON	SECRETARY	N/A	Officer Director	$0	$0	$0
SUSAN MEADORS	MODERATOR	N/A	Director	$0	$0	$0
COREY PHILLIPS	COUNCIL MEMB	N/A	Director	$0	$0	$0
MAJOR TREADWAY	TREASURER	N/A	Officer Director	$0	$0	$0
BUDDY WAGNER	COUNCIL MEMB	N/A	Director	$0	$0	$0
JASON COKER	COORDINATOR	N/A	Officer	$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
2023	$92,281	$131,954	No data	$-39,673
2022	$132,178	$174,543	$224,502	$-42,365
2021	$276,456	$253,896	$266,478	$22,560
2020	$198,543	$164,501	$229,364	$34,042
2019	$121,712	$162,936	$185,051	$-41,224
2018	$109,662	$58,406	$214,841	$51,256

COOPERATIVE BAPTIST FELLOWSHIP OF MISSISSIPPI