FAITH BASED AND COMMUNITY INITIATIVE FOUNDATION

EIN: 841877809 501(c)(3) Philanthropy & Grantmaking

NASHVILLE, TN

Total Revenue
$1,743,659
Total Expenses
$1,917,473
Total Assets
$168,102
Net Assets
$142,345
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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
2019
Legal Domicile
TN
Principal Officer
LANCE VILLIO
Phone
6463069141
Tax Period
2024-07-01 to 2025-06-30

FAITH BASED AND COMMUNITY INITIATIVE FOUNDATION, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

MOBILIZES FAITH COMMUNITIES, NONPORFITS AND COMMUNITY PARTNERS ACROSS TENNESSEE TO ADDRESS SOME OF THE STATES MOST PRESSING CHALLENGES BY CONVENING PARTNERS, ALINGING COMMUNITY AND GOVERNMENT EFFORTS, AND ADVANCES PROVEN SOLUTIONS THAT STRENGTHEN FAMILIES, SUPPORT CHILDREN AND YOUTH, AND IMPROVE OUTCOMES FOR THOSE RETURNING FROM INCARCERATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,716,942
Program Service Revenue $0
Investment Income $26,714
Other Revenue $3
TOTAL REVENUE $1,743,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,540,492
Fundraising Expenses $35,058
Program Expenses $1,880,142
Other Expenses $376,981
TOTAL EXPENSES $1,917,473

Year-over-Year Comparison

2024 2023 Change
Revenue $1,743,659 $1,717,560 +0.0%
Expenses $1,917,473 $1,408,897 +0.4%
Net Income $-173,814 $308,663 -1.6%
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
9
Independent Members
9
Employees
14
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
4
$206,999
Total Directors
10
$206,999
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE VILLIO EXECUTIVE DIRECTOR 40.00
Officer Director Highest
$206,999 $0 $206,999
TYRONE BURROUGHS BOARD MEMBER 0.00
Director
$0 $0 $0
FRED DECOSIMO TREASURER 0.00
Officer Director
$0 $0 $0
GINGER ELEY CHAIR 0.00
Officer Director
$0 $0 $0
LIBBY PHILLIPS BOARD MEMBER 0.00
Director
$0 $0 $0
IRIS RAY SECRETARY 0.00
Officer Director
$0 $0 $0
BARRY RAY BOARD MEMBER 0.00
Director
$0 $0 $0
LANG WISEMAN BOARD MEMBER 0.00
Director
$0 $0 $0
DIANNE YOUNG BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID SCHMID BOARD MEMBER 0.00
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 $1,743,659 $1,917,473 $168,102 $-173,814
2024 $1,717,560 $1,408,897 $471,812 $308,663
2024 $1,717,560 $1,408,897 $471,812 $308,663
2023 $239,521 $338,033 $9,228 $-98,512
2022 $441,500 $373,676 $110,488 $67,824
2021 $414,500 $406,928 $41,378 $7,572
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