PASADENA FIRST BAPTIST CHURCH FOUNDATION (EIN 956051743) - 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

1958

Legal Domicile

Principal Officer

SARAH KERNS

Phone

6264820712

Tax Period

2024-01-01 to 2024-12-31

PASADENA FIRST BAPTIST CHURCH FOUNDATION, founded in 1958, is a small nonprofit in the Religion sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $382K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE PURPOSE AND OBJECTIVES OF THE FOUNDATION SHALL BE TO RECEIVE FUNDS DONATED TO IT AND TO USE THE INCOME FROM THE INVESTMENT OF THOSE FUNDS OR, WHEN ADVISABLE OR REQUIRED, THE FUNDS THEMSELVES TO ASSIST THE FIRST BAPTIST CHURCH OF PASADENA IN WORK TO ADVANCE THE CHRISTIAN FAITH AND CHRISTIAN PRACTICES IN PERSONAL LIVES AND GROUP RELATIONSHIPS.

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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 $28,561

Program Service Revenue $0

Investment Income $208,599

Other Revenue $0

TOTAL REVENUE $237,160

Expense Breakdown

Grants Paid $349,094

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $349,094

Other Expenses $33,007

TOTAL EXPENSES $382,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,160	$173,179	+0.4%
Expenses	$382,101	$444,518	-0.1%
Net Income	$-144,941	$-271,339	-0.5%

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
Jeannette Scholer	Asst. Secretary	1.00	Director	$0	$0	$0
Brian Young	President	1.00	Officer Director	$0	$0	$0
Sarah Kerns	Treasurer	2.00	Officer Director	$0	$0	$0
Kris Laski	Asst. Secretary	1.00	Director	$0	$0	$0
Shawn Mann	Vice President	1.00	Director	$0	$0	$0
Dave Ekstrand	Secretary	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
2024	$237,160	$382,101	$4,388,972	$-144,941
2023	$173,179	$444,518	$4,476,427	$-271,339
2022	$956,950	$281,099	$4,741,419	$675,851
2021	$2,032,105	$171,831	$4,063,680	$1,860,274
2020	$143,622	$244,530	$2,210,822	$-100,908
2019	$165,994	$61,146	$2,306,163	$104,848
2018	$181,984	$101,800	$2,206,313	$80,184

PASADENA FIRST BAPTIST CHURCH FOUNDATION