THE FOUNDATION OF THE FIRST BAPTIST CHURCH OF HATTIESBURG (EIN 646025981) - 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

1962

Legal Domicile

Principal Officer

MR ROBERT E DONNELL III

Phone

6012923210

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION OF THE FIRST BAPTIST CHURCH OF HATTIESBURG, founded in 1962, is a small nonprofit that reported $128K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 2450% operating deficit.

Mission

TO RECEIVE, INVEST AND MANAGE ENDOWMENT GIFTS AND DISTRIBUTE EARNINGS AS SPECIFIED BY DONORS FOR MISSIONS, SCHOLARSHIPS, AND PROGRAMS OF VENTURE CHURCH (THE FIRST BAPTIST CURCH OF HATTIESBURG MISSISSIPPI).

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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 $19,609

Program Service Revenue $0

Investment Income $107,922

Other Revenue $0

TOTAL REVENUE $127,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,241,007

Other Expenses $3,252,274

TOTAL EXPENSES $3,252,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,531	$144,990	-0.1%
Expenses	$3,252,274	$198,363	+15.4%
Net Income	$-3,124,743	$-53,373	+57.5%

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
ROBERT E DONNELL III	TRUSTEE	Director	$0	$0	$0
CHRIS INMAN	PRESIDENT	Officer Director	$0	$0	$0
CHASE BLAKENSHIP	TRUSTEE	Director	$0	$0	$0
JOE STEVENS	TRUSTEE	Director	$0	$0	$0
LEE PARISH	TRUSTEE	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
2023	$127,531	$3,252,274	No data	$-3,124,743
2022	$144,990	$198,363	$3,183,920	$-53,373
2021	$287,392	$112,589	$3,235,789	$174,803
2020	$224,949	$130,643	$2,809,456	$94,306
2019	$418,668	$160,918	$3,042,836	$257,750
2018	$123,420	$119,536	$2,769,032	$3,884

THE FOUNDATION OF THE FIRST BAPTIST CHURCH OF HATTIESBURG