FIRST BAPTIST CHURCH LUBBOCK FOUNDATION (EIN 752749086) - 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

1998

Legal Domicile

Principal Officer

DEAN JOHNSON

Phone

8067954238

Tax Period

2024-04-01 to 2025-03-31

FIRST BAPTIST CHURCH LUBBOCK FOUNDATION, founded in 1998, is a small nonprofit in the Religion sector that reported $135K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $33K, a strong 25% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR MAJOR BUILDING & MAINTENANCE PROJECTS OF FIRST BAPTIST CHURCH & THUS SUPPORT & MAINTAIN ITS MINISTRIES.

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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 $6,261

Program Service Revenue $0

Investment Income $128,992

Other Revenue $0

TOTAL REVENUE $135,253

Expense Breakdown

Grants Paid $101,970

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,970

Other Expenses $0

TOTAL EXPENSES $101,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,253	$142,933	-0.1%
Expenses	$101,970	$91,692	+0.1%
Net Income	$33,283	$51,241	-0.4%

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

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
MIKE MCDOUGAL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RON HARKEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID HARMON	MEMBER	1.00	Director	$0	$0	$0
MYRON MCCALLON	MEMBER	1.00	Director	$0	$0	$0
JOHN OWENS	MEMBER	1.00	Director	$0	$0	$0
KELLY HAND	MEMBER	1.00	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	$135,253	$101,970	$2,418,554	$33,283
2024	$142,933	$91,692	$2,382,249	$51,241
2023	$169,225	No data	$2,213,539	No data
2022	$74,879	$154,000	$2,247,210	$-79,121
2021	$97,651	No data	$2,207,660	No data
2020	$240,867	No data	$1,688,119	No data
2019	$128,791	$72,000	$1,582,640	$56,791

FIRST BAPTIST CHURCH LUBBOCK FOUNDATION