ROCKBRIDGE SEMINARY (EIN 141843684) - 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

2002

Legal Domicile

Principal Officer

THOMAS HILLIKER

Phone

8669314300

Tax Period

2023-08-01 to 2024-07-31

ROCKBRIDGE SEMINARY, founded in 2002, is a small nonprofit in the Education sector that reported $468K in total revenue in fiscal year 2023. Expenses of $433K left a modest 8% surplus.

Mission

ROCKBRIDGE SEMINARY IS AN ACCREDITED DEGREE-GRANTING INSTITUTION OF HIGHER LEARNING THAT EXISTS TO DEVELOP SERVANT LEADERS FOR CHRISTIAN MINISTRY THROUGH QUALITY DISTANCE EDUCATIONAL EXPERIENCES THAT ALLOW THEM TO STUDY AND PRACTICE WITHOUT LEAVING THEIR MINISTRY FIELD.

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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 $231,143

Program Service Revenue $234,914

Investment Income $1,716

Other Revenue $0

TOTAL REVENUE $467,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,729

Fundraising Expenses $35,723

Program Expenses $261,536

Other Expenses $100,918

TOTAL EXPENSES $432,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,773	$447,344	+0.0%
Expenses	$432,647	$445,916	0.0%
Net Income	$35,126	$1,428	+23.6%

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

Governance

Voting Members

Independent Members

Employees

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
KEN BAUGH	DIRECTOR	N/A	Director	$0	$0	$0
MARK CARVER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN COMPTON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEVE GLADEN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN WILKINSON	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
PHILLIP WILLIAMS	SECRETARY	N/A	Officer Director	$0	$0	$0
THOMAS HILLIKER	EXECUTIVE OF	N/A	Officer	$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	$467,773	$432,647	$449,387	$35,126
2023	$447,344	$445,916	$413,075	$1,428
2022	$465,406	$431,741	$416,854	$33,665
2021	$417,924	$461,824	$380,226	$-43,900
2020	$398,924	$398,545	$432,132	$379
2019	$399,544	$386,358	$421,450	$13,186

ROCKBRIDGE SEMINARY