CARY, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO TRAIN MEN AND WOMEN FOR MINISTRY.
SHEPHERDS THEOLOGICAL SEMINARY IS AN ACCREDITED GRADUATE SCHOOL PROVIDING QUALITY ACADEMIC AND THEOLOGICAL TRAINING FOR STUDENTS DESIRING TO SERVE IN LEADERSHIP ROLES AT CHURCHES, NON-PROFITS, AND...
SHEPHERDS THEOLOGICAL SEMINARY IS AN ACCREDITED GRADUATE SCHOOL PROVIDING QUALITY ACADEMIC AND THEOLOGICAL TRAINING FOR STUDENTS DESIRING TO SERVE IN LEADERSHIP ROLES AT CHURCHES, NON-PROFITS, AND OTHER FAITH-BASED ORGANIZATIONS. DURING THE 2023-2024 ACADEMIC YEAR, STS WAS ENGAGED IN GRADUATE EDUCATION AT THREE SITES. AT ITS CARY, NC CAMPUS, STS PROVIDED A TOTAL OF 62 COURSES RANGING FROM 1 TO 21 STUDENTS ENROLLED. THESE COURSES INCLUDE TRADITIONAL ACADEMIC COURSES ON THEOLOGY, HISTORY, PHILOSOPHY, AND BIBLICAL LANGUAGES, THESES COURSES, PRACTICAL MINISTRY COURSES, INDIVIDUAL INTERSHIPS, AND INDEPENDENT STUDY COURSES. THE WEST INSTITUTE OF STS, A TEACHING SITE LOCATED IN LARAMIE WY, PROVIDED A TOTAL OF 17 CLASSROOM COURSES RANGING FROM 5 TO 23 STUDENTS ENROLLED. ADDITIONALLY, THE STS TEACHING SITE IN BRYAN, TX, PROVIDED A TOTAL OF 2 COURSES WITH 6 STUDENTS ENROLLED IN EACH. IN TOTAL, THE FOLLOWING NUMBERS OF STUDENTS PARTICIPATED IN PROGRAMS AT STS: 132 GRADUATE STUDENTS (DEGREE/CREDIT SEEKING) AND 34 NON-DEGREE-SEEKING/AUDIT STUDENT. STS DELIVERED 2,044 TOTAL CREDIT HOURS OF INSTRUCTION, OF WHICH 298 CREDITS WERE TAUGHT VIA DISTANCE EDUCATION. STS HAD 8 GRADUATES IN MAY, 24 GRADUATES IN AUGUST, AND 1 IN DECEMBER WHO WERE PARTICIPATING IN A VARIETY OF MINISTRIES, INCLUDING THE FOLLOWING: PASTORS, ASSISTANT PASTORS, CHURCH PLANTERS, MISSIONARIES, BIBLICAL COUNSELORS, LAY-COUNSELORS, NON-PROFIT WORKERS, AND LOCAL-CHURCH VOLUNTEERS. SIMILARLY, STS'S ALUMNI SERVE IN ALL AREAS OF LOCAL CHURCH MINISTRY, PARA-CHURCH MINISTRIES, FOREIGN MINISTRIES, AND DOCTORAL PROGRAMS AND ACADEMIC APPOINTMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SHEPHERDS THEOLOGICAL SEMINARY INC with other nonprofits in North Carolina and across the country.