FIRST BAPTIST CHURCH FOUNDATION OF LAUREL (EIN 646037610) - 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

Legal Domicile

Tax Period

2024-05-01 to 2025-04-30

FIRST BAPTIST CHURCH FOUNDATION OF LAUREL is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 19% operating margin.

Mission

TO PROVIDE GRANTS TO SCHOOLS FOR SCHOLARSHIPS FOR VARIOUS MINISTERIAL STUDENTS AND OTHER CHRISTIAN CAUSES

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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 $825

Program Service Revenue $0

Investment Income $126,862

Other Revenue $766

TOTAL REVENUE $128,453

Expense Breakdown

Grants Paid $90,017

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,017

Other Expenses $14,531

TOTAL EXPENSES $104,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,453	$46,895	+1.7%
Expenses	$104,548	$96,292	+0.1%
Net Income	$23,905	$-49,397	-1.5%

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
CHRISSY LEGGETT	President	Officer Director	$0	$0	$0
STONE THAMES	Trustee	Director	$0	$0	$0
NANCY BILLINGSLEY	Sec/Treasurer	Officer Director	$0	$0	$0
STEPHANIE HARRIS	Trustee	Director	$0	$0	$0
DANITA HORNE	Trustee	Director	$0	$0	$0
DOUG JEFCOAT	Trustee	Director	$0	$0	$0
CHRIS MAULDIN	Trustee	Director	$0	$0	$0
STAN PICKERING	Vice President	Officer Director	$0	$0	$0
TRUITT TAYLOR	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
2025	$128,453	$104,548	$2,578,228	$23,905
2024	$46,895	$96,292	$2,434,509	$-49,397
2023	$54,724	$95,457	$2,189,300	$-40,733
2022	$163,830	$95,022	$2,243,166	$68,808
2021	$107,126	$69,198	$2,417,470	$37,928
2020	$39,772	$77,374	$1,804,797	$-37,602
2019	$184,842	$65,214	$1,917,674	$119,628

FIRST BAPTIST CHURCH FOUNDATION OF LAUREL