SHEPHERDS THEOLOGICAL SEMINARY INC (EIN 200180768) - 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

2003

Legal Domicile

Principal Officer

EWART HODGINS

Phone

9195735350

Tax Period

2024-07-01 to 2025-06-30

SHEPHERDS THEOLOGICAL SEMINARY INC, founded in 2003, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 37% operating margin.

Mission

TO TRAIN MEN AND WOMEN FOR MINISTRY.

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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 $5,463,007

Program Service Revenue $1,968,801

Investment Income $150,933

Other Revenue $16,218

TOTAL REVENUE $7,598,959

Expense Breakdown

Grants Paid $218,443

Salaries & Benefits $2,542,211

Fundraising Expenses $136,408

Program Expenses $3,634,869

Other Expenses $2,007,216

TOTAL EXPENSES $4,767,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,598,959	$4,864,504	+0.6%
Expenses	$4,767,870	$3,649,130	+0.3%
Net Income	$2,831,089	$1,215,374	+1.3%

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

$183,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BURGGRAFF	PROVOST DEAN	40.00	Highest	$144,510	$0	$144,510
THOMAS PITTMAN	VP OF ACADEM	40.00	Officer	$100,827	$0	$100,827
EWART HODGINS	CFO	20.00	Officer	$82,712	$0	$82,712
THOMAS BABER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN CROPSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN DAVEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAM GERACE	SECRETARY	2.00	Officer Director	$0	$0	$0
BOBBY GODFREY	CHAIRMAN OF	1.00	Officer Director	$0	$0	$0
DON HONG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GIBBS III	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL NEWBY	BOARD MEMBER	1.00	Director	$0	$0	$0
ARNE NEWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK OWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE WITT	TREASURER	1.00	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	$7,598,959	$4,767,870	$5,566,534	$2,831,089
2024	$4,864,504	$3,649,130	$2,986,406	$1,215,374
2023	$3,691,999	$3,532,885	$1,717,921	$159,114
2022	$3,082,209	$2,949,881	$1,634,882	$132,328
2021	$3,230,898	$2,701,715	$1,562,546	$529,183
2020	$2,615,396	$2,510,776	$1,702,408	$104,620
2019	$2,039,632	$1,964,703	$922,245	$74,929

SHEPHERDS THEOLOGICAL SEMINARY INC