MISSIONARY BAPTIST FOUNDATION OF AMERICA INC

EIN: 756066455 501(c)(3) Health Care

LUBBOCK, TX

Total Revenue
$1,779,362
Total Expenses
$2,929,666
Total Assets
$739,035
Net Assets
$651,316
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Principal Officer
TRACEY WOODWARD
Phone
8067473447
Tax Period
2023-01-01 to 2023-12-31

MISSIONARY BAPTIST FOUNDATION OF AMERICA INC, founded in 1981, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 65% operating deficit.

Mission

MSC ASSOCIATES IS A BENEVOLENT ORGANIZATION COMMITTED TO PROVIDING THE BEST QUALITY OF CHRISTIAN CARE TO THE NURSING HOME RESIDENT AND THE ELDERLY IN A FINANCIALLY RESPONSIBLE MANNER.

Program Service Accomplishments

Program 1
Expenses: $2,180,937 Revenue: $1,739,553

PROVIDING LIVING FACILITIES AND NURSING FOR THE ELDERLY. APPROXIMATELY 6,528 PATIENT DAYS WERE PROVIDED DURING THE YEAR. PATIENT DAYS DECREASED AGAIN IN 2023 DUE TO FEWER REFERRALS AND FEWER NEW...

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PROVIDING LIVING FACILITIES AND NURSING FOR THE ELDERLY. APPROXIMATELY 6,528 PATIENT DAYS WERE PROVIDED DURING THE YEAR. PATIENT DAYS DECREASED AGAIN IN 2023 DUE TO FEWER REFERRALS AND FEWER NEW ADMITS. WE ALSO CLOSED A FACILITY IN 12/2022.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,733,859
Investment Income $39,809
Other Revenue $5,694
TOTAL REVENUE $1,779,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,797,876
Fundraising Expenses $0
Program Expenses $2,180,937
Other Expenses $1,131,790
TOTAL EXPENSES $2,929,666

Year-over-Year Comparison

2023 2022 Change
Revenue $1,779,362 $2,926,134 -0.4%
Expenses $2,929,666 $3,482,297 -0.2%
Net Income $-1,150,304 $-556,163 +1.1%
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

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Governance

Voting Members
3
Independent Members
1
Employees
128
Volunteers
11

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
4
$165,809
Total Directors
4
$165,809
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY WOODWARD CHAIRMAN/PRESIDENT 40.00
Officer Director
$109,731 $9,015 $118,746
DIANA RIOJAS VICE PRESIDENT 40.00
Officer Director
$45,372 $1,691 $47,063
RENEE JONES-JACKSON SECRETARY 1.00
Officer Director
$0 $0 $0
FRANCES WARD JAN 1-JUN 15 OFFICER 1.00
Officer 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 No data No data No data No data
2023 $1,779,362 $2,929,666 $739,035 $-1,150,304
2022 $2,926,134 $3,482,297 $2,358,799 $-556,163
2021 $3,877,919 $3,917,334 $1,517,115 $-39,415
2021 $3,877,919 $3,452,986 $2,609,768 $424,933
2020 $4,618,827 $3,309,420 $2,736,366 $1,309,407
2020 $4,618,827 $3,937,725 $2,108,061 $681,102
2019 $3,476,763 $3,835,012 $1,396,254 $-358,249
2018 $4,588,244 $5,142,604 $2,006,849 $-554,360
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