BELIEVERS UNITED IN LOCAL DEVELOPMENT (EIN 810765249) - 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

2015

Legal Domicile

Principal Officer

RONALD COVINGTON

Phone

3179178024

Tax Period

2025-01-01 to 2025-12-31

BELIEVERS UNITED IN LOCAL DEVELOPMENT, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $100K in total revenue in fiscal year 2025. Expenses of $163K exceeded revenue, resulting in a 63% operating deficit.

Mission

BUILD provides job skills and access to economic opportunity to young people in Indianapolis.

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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 (2025)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,769

Other Expenses $162,769

TOTAL EXPENSES $162,769

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,000	N/A	N/A
Expenses	$162,769	$247,768	-0.3%
Net Income	$-62,769	$-247,768	-0.7%

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

N/A

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
RONALD COVINGTON SR	PRESIDENT	10	Officer	$0	$0	$0
LARRY GRINSTEAD	VICE PRESIDENT	8	Officer	$0	$0	$0
DANITA JOHNSON	SECRETARY	8	Officer	$0	$0	$0
ROBERT LASTER	TREASURER	4	Officer	$0	$0	$0
MAGGIE LEWIS	BOARD OF DIRECTORS	4	Officer	$0	$0	$0
DOUGLAS TATE	BOARD OF DIRECTORS	4	Officer	$0	$0	$0
NATRINA DEBOW	BOARD OF DIRECTORS	4	Officer	$0	$0	$0
ANNETTE JOHNSON	BOARD OF DIRECTORS	4	Officer	$0	$0	$0
TIMOTHY TAYLOR	BOARD OF DIRECTORS	4	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
2025	$100,000	$162,769	$920,899	$-62,769
2024	No data	$247,768	$1,004,955	No data
2023	$623,429	$300,856	$1,126,633	$322,573
2022	$729,622	$79,618	$804,060	$650,004

BELIEVERS UNITED IN LOCAL DEVELOPMENT