FAITH SCHOOL OF THEOLOGY (EIN 010377494) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

REV MATTHEW M WARD

Phone

2072853373

Tax Period

2023-06-01 to 2024-05-31

FAITH SCHOOL OF THEOLOGY, founded in 1959, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO MENTOR STUDENTS FOR SPIRIT-FILLED LEADERSHIP IN MINISTRY, IN LIGHT OF THE GREAT COMMISSION. WHILE ACADEMICS ARE IMPORTANT, THE CLASSROOMS ARE NOT THE ONLY LEARNING PLACE. THROUGH A COMBINATION OF FORMAL INSTRUCTION, CHAPEL SERVICES, PRACTICAL EXPERIENCE, PERSONAL INTERACTION, AND DISCIPLESHIP, FAITH AIMS TO DEVELOP THE INNER MAN. FAITH 'S PURPOSE IS TO PRODUCE SPIRIT-FILLED LEADERS. AT FAITH, THE BIBLE IS THE CHIEF TEXTBOOK AND JESUS IS THE SOVEREIGN LORD. SPECIAL EMPHASIS IS PLACED UPON THE STUDENT'S RELATIONSHIP WITH GOD AND THE SANCTIFYING PROCESS WHICH OCCURS IN THE BELIEVER'S HEART. A CONSTANT SPIRIT OF REVIVAL PERVADES THE ATMOSPHERE. THE NAME OF JESUS CHRIST IS MAGNIFIED. THE HOLY SPIRIT IS INVITED TO INTERRUPT THE DAILY ROUTINE AT ANY TIME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,217,892

Program Service Revenue $672,812

Investment Income $4,159

Other Revenue $13,968

TOTAL REVENUE $1,908,831

Expense Breakdown

Grants Paid $22,092

Salaries & Benefits $877,243

Fundraising Expenses $73,972

Program Expenses $1,421,478

Other Expenses $1,170,464

TOTAL EXPENSES $2,069,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,908,831	$1,598,096	+0.2%
Expenses	$2,069,799	$1,927,764	+0.1%
Net Income	$-160,968	$-329,668	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$41,560

Total Directors

$41,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MATTHEW M WARD	PRESIDENT	40.00	Officer Director	$41,560	$0	$41,560
REV BRUCE A BLAKNEY	DIRECTOR	0.20	Director	$0	$0	$0
REV RANDY V CROZIER	DIRECTOR	0.20	Director	$0	$0	$0
REV GREG DUNLOP	TREASURER	2.00	Officer Director	$0	$0	$0
CHAUNDRA R EAGAR	DIRECTOR	0.20	Director	$0	$0	$0
REV GARRY L HAMILTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
REV GLENN HARVISON	DIRECTOR	0.20	Director	$0	$0	$0
REV EDWARD C MICHAEL	DIRECTOR	0.20	Director	$0	$0	$0
REV GARY A STEARN	SECRETARY	2.00	Officer Director	$0	$0	$0
DR JEFFERY WILLIAMS	CHAIR	2.00	Officer 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	No data	No data	No data	No data
2024	$1,908,831	$2,069,799	$3,976,184	$-160,968
2023	$1,598,096	$1,927,764	$3,781,923	$-329,668
2022	$1,531,230	$1,485,292	$3,890,624	$45,938
2021	$2,320,018	$1,560,718	$3,765,333	$759,300
2020	$1,361,854	$1,346,779	$2,873,817	$15,075
2019	$1,202,891	$1,075,244	$2,613,833	$127,647
2018	$854,442	$835,197	$2,470,279	$19,245

FAITH SCHOOL OF THEOLOGY