CATHOLIC BIBLICAL SCHOOL OF MICHIGAN LTD

EIN: 271244744 501(c)(3)

LIVONIA, MI

Total Revenue
$398,309
Total Expenses
$389,043
Total Assets
$191,622
Net Assets
$188,843
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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
2008
Legal Domicile
MI
Principal Officer
Frederick L Morath
Phone
3135708105
Tax Period
2025-01-01 to 2025-12-31

CATHOLIC BIBLICAL SCHOOL OF MICHIGAN LTD, founded in 2008, is a small nonprofit that reported $398K in total revenue in fiscal year 2025.

Mission

The school holds bible classes and retreats online and in person in four Dioceses in the State of Michigan. Over 1000 students attend up to 28 weeks of instruction during the year.

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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 (2025)

Revenue Breakdown

Contributions & Grants $76,327
Program Service Revenue $321,980
Investment Income $0
Other Revenue $2
TOTAL REVENUE $398,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,577
Fundraising Expenses $0
Program Expenses $333,831
Other Expenses $69,466
TOTAL EXPENSES $389,043

Year-over-Year Comparison

2025 2024 Change
Revenue $398,309 $383,281 +0.0%
Expenses $389,043 $375,701 +0.0%
Net Income $9,266 $7,580 +0.2%
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
5
Independent Members
5
Employees
12
Volunteers
40

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
4
$147,316
Total Directors
5
$0
Key Employees
3
$147,316
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter S Williamson Chariman of the board 0.25
Director
$0 $0 $0
Janet Diaz Board Member 0.10
Director
$0 $0 $0
Rev Steven J Mateja Board Member 0.10
Director
$0 $0 $0
Marlon De La torre Board Member 0.10
Director
$0 $0 $0
N/A President 5.00
Officer Director
$0 $0 $0
Cathryn A Wade-Torgerson Vice President treasurer 40.00
Officer Key Emp Highest
$68,729 $0 $68,729
Colleen E Vermeulen Secretary 15.00
Officer Key Emp
$27,559 $0 $27,559
Beth M Spizarny Vice President 20.00
Officer Key Emp Highest
$51,028 $0 $51,028
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 $398,309 $389,043 $191,622 $9,266
2024 No data No data No data No data
2023 $360,573 $315,043 $173,645 $45,530
2022 $290,817 $300,770 $127,669 $-9,953
2021 $300,026 $267,035 $137,555 $32,991
2020 $261,084 $246,699 $105,302 $14,385
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