THE TIMOTHY FOUNDATION

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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

2021

Legal Domicile

Principal Officer

Scott Robbins

Phone

5736861260

Tax Period

2023-07-01 to 2024-06-30

THE TIMOTHY FOUNDATION, founded in 2021, is a small nonprofit that reported $383K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $359K left a modest 6% surplus.

Mission

To meet the basic needs of individuals and families, such as food, clothing, shelter and basic life skills training and to provide hope and encouragement as we develop, maintain and improve life-long learning, job skills and gainful employment, specifically to those facing mental or substance abuse issues

Program Service Accomplishments

Program 1

Expenses: $34,489 Revenue: $1,462

Bible Institute and Adult Education: Thru the Adult Education program, we had nine students enrolled. Of those nine students, five are currently working on class credits toward a high school diploma. The other four students are being prepared for the HiSet test. In this fiscal year, we did not have any graduates. Thru the Bible Institute program, we had no students enrolled due to a transitional phase in the supporting institution. There will be students enrolled in the program next fiscal year which will include the potential of transferrable college credits.

Program 2

Expenses: $10,526 Revenue: $1,460

Helping Hands Ministry: Our Helping Hands food pantry had 2,382 encounters assisting multiple families with food and hygiene items. Our Helping Hands clothing closet had 884 encounters assisting...

Helping Hands Ministry: Our Helping Hands food pantry had 2,382 encounters assisting multiple families with food and hygiene items. Our Helping Hands clothing closet had 884 encounters assisting multiple families with clothing and household items. Assistance was also provided to several individuals and families in need with utilities, deposits and other miscellaneous expenses.

Program 3

Expenses: $298,306 Revenue: $0

Revive Resale LLC was created to generate revenue for The Timothy Foundation. Donations of clothing and household goods are received at the store and cleaned to be sold. Any items not resold are...

Revive Resale LLC was created to generate revenue for The Timothy Foundation. Donations of clothing and household goods are received at the store and cleaned to be sold. Any items not resold are either used by the Helping Hands clothing closet or donated to other organizations. The revenue is included in line 1f-All other contributions, gifts, grants & similar with the donations listed as noncash contributions on line 1g.

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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 (2023)

Revenue Breakdown

Contributions & Grants $377,746

Program Service Revenue $2,922

Investment Income $1,992

Other Revenue $0

TOTAL REVENUE $382,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,800

Fundraising Expenses $0

Program Expenses $343,321

Other Expenses $122,468

TOTAL EXPENSES $359,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,660	$321,572	+0.2%
Expenses	$359,268	$294,712	+0.2%
Net Income	$23,392	$26,860	-0.1%

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

Governance

Voting Members

Independent Members

Employees

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
Wes Tayloe	Executive Director	20	Director	$0	$0	$0
Scott Robbins	President	0.23	Director	$0	$0	$0
Dwayne Barnett	Vice-President	0.23	Director	$0	$0	$0
Eric Vandover	Secretary	0.23	Director	$0	$0	$0
Brad Haggett	Director	0.23	Director	$0	$0	$0
Larry Cockman	Director	0.23	Director	$0	$0	$0
Dan Kopp	Director	0.23	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	$382,660	$359,268	$109,919	$23,392
2023	$321,572	$294,712	$91,442	$26,860