BRITE DIVINITY SCHOOL

EIN: 237121060 501(c)(3) Education

FORT WORTH, TX

Total Revenue
$12,255,888
Total Expenses
$11,453,960
Total Assets
$137,045,199
Net Assets
$134,428,895
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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
1914
Legal Domicile
TX
Principal Officer
REV DR STEPHEN CADY
Phone
8172577575
Tax Period
2024-06-01 to 2025-05-31

BRITE DIVINITY SCHOOL, founded in 1914, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $11.5M left a modest 7% surplus.

Mission

BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE (CONTINUED ON PART III)

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,445,209
Program Service Revenue $3,037,615
Investment Income $5,765,804
Other Revenue $7,260
TOTAL REVENUE $12,255,888

Expense Breakdown

Grants Paid $2,233,407
Salaries & Benefits $4,506,400
Fundraising Expenses $726,767
Program Expenses $8,442,456
Other Expenses $4,714,153
TOTAL EXPENSES $11,453,960

Year-over-Year Comparison

2024 2023 Change
Revenue $12,255,888 $9,136,364 +0.3%
Expenses $11,453,960 $11,704,373 0.0%
Net Income $801,928 $-2,568,009 -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

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Governance

Voting Members
23
Independent Members
21
Employees
87
Volunteers
27

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
7
$797,420
Total Directors
23
$342,594
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV DR STEPHEN M CADY II PRESIDENT 40.00
Officer Director
$303,203 $39,391 $342,594
REV VIRZOLA LAW CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
REV CAESAR H RENTIE VICE CHAIR OF BOARD (AS OF 6/2024) 2.00
Officer Director
$0 $0 $0
REV CHARLES F JOHNSON SECRETARY OF THE BOARD 2.00
Officer Director
$0 $0 $0
MRS JANET M ANDERSON TRUSTEE 2.00
Director
$0 $0 $0
MRS CANDYCE BLACK-WELLS TRUSTEE (AS OF 6/2024) 2.00
Director
$0 $0 $0
DR VICTOR J BOSCHINI JR TRUSTEE 2.00
Director
$0 $0 $0
DR BILL CURTIS TRUSTEE 2.00
Director
$0 $0 $0
MR J DAVID DICKSON TRUSTEE 2.00
Director
$0 $0 $0
REV CHRIS DORSEY TRUSTEE (AS OF 6/2024) 2.00
Director
$0 $0 $0
MR DANIEL J RED GOLDSTEIN TRUSTEE 2.00
Director
$0 $0 $0
DR BOBBY HAWLEY TRUSTEE 2.00
Director
$0 $0 $0
MR WILLIAM HENDRIX TRUSTEE 2.00
Director
$0 $0 $0
MR JEFFREY B KING TRUSTEE 2.00
Director
$0 $0 $0
REV DR ANDY MANGUM TRUSTEE 2.00
Director
$0 $0 $0
MR STEPHEN S MOSHER TRUSTEE 2.00
Director
$0 $0 $0
DR STEFFEN PALKO TRUSTEE 2.00
Director
$0 $0 $0
REV EVANGELINA PEREZ TRUSTEE 2.00
Director
$0 $0 $0
REV DR RUSS PETERMAN TRUSTEE 2.00
Director
$0 $0 $0
MRS BETH RIVERS TRUSTEE 2.00
Director
$0 $0 $0
REV NATHAN RUSSELL TRUSTEE (AS OF 6/2024) 2.00
Director
$0 $0 $0
MRS LINDA PILCHER WASSENICH TRUSTEE 2.00
Director
$0 $0 $0
REV MEG WITMER-FAILE TRUSTEE 2.00
Director
$0 $0 $0
MR DONALD D WALKER VP FOR ADVANCEMENT 40.00
Officer
$147,213 $38,879 $186,092
DR MICHAEL ST A MILLER EXECUTIVE VP & DEAN 40.00
Officer
$159,122 $38,667 $197,789
MS BRITTANY BROOKS-VP BUSFIN TREAS, ASST SEC (AS OF 7/2024) 40.00
Officer
$61,743 $9,202 $70,945
DR NAMSOON KANG PROFESSOR 40.00
Highest
$123,682 $19,523 $143,205
DR SHELLY MATTHEWS PROFESSOR 40.00
Highest
$121,709 $33,234 $154,943
DR BARBARA J MCCLURE ASSOCIATE PROFESSOR 40.00
Highest
$103,294 $27,555 $130,849
DR CHARLES K BELLINGER PROFESSOR 40.00
Highest
$101,271 $25,348 $126,619
DR ARIEL FELDMAN PROFESSOR 40.00
Highest
$100,622 $42,553 $143,175
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 $12,255,888 $11,453,960 $137,045,199 $801,928
2024 $9,136,364 $11,704,373 $135,184,133 $-2,568,009
2023 $17,446,000 $8,747,706 $127,606,231 $8,698,294
2022 $11,041,865 $8,876,532 $130,805,914 $2,165,333
2021 $16,856,485 $9,663,301 $131,791,900 $7,193,184
2020 $11,643,904 $9,503,861 $114,067,639 $2,140,043
2019 $10,610,202 $10,443,151 $112,319,744 $167,051
2018 $12,731,813 $9,769,812 $109,193,403 $2,962,001
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