TBC Foundation (EIN 995017980) - 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

2023

Legal Domicile

Principal Officer

Michael Kennon

Tax Period

2025-01-01 to 2025-12-31

TBC Foundation, founded in 2023, is a community nonprofit in the Religion sector that reported $2.3M in total revenue in fiscal year 2025. The organization ran a surplus of $2.2M, a strong 94% operating margin.

Mission

To steward and responsibly manage the charitable assets received from the dissolution of Trinity Baptist Church and to advance charitable, religious, and community initiatives through strategic grantmaking to qualified Section 501(c)(3) organizations under the oversight of the Board of Directors.

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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 $1,946,166

Program Service Revenue $0

Investment Income $59,643

Other Revenue $308,566

TOTAL REVENUE $2,314,375

Expense Breakdown

Grants Paid $125,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,637

Other Expenses $9,609

TOTAL EXPENSES $134,984

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,314,375	N/A	N/A
Expenses	$134,984	N/A	N/A
Net Income	$2,179,391	N/A	N/A

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

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
Michael Bowers	Trustee	3.00	Director	$0	$0	$0
Lucas Beaver	Trustee	3.00	Director	$0	$0	$0
Todd King	Trustee	3.00	Director	$0	$0	$0
Michael Kennon	President	3.00	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	$2,314,375	$134,984	$2,187,738	$2,179,391

TBC Foundation