SOUTHEASTERN FREE WILL BAPTIST BIBLE COLLEGE INC

EIN: 271928187 501(c)(3) Education

WENDELL, NC

Total Revenue
$2,242,866
Total Expenses
$2,404,571
Total Assets
$1,966,640
Net Assets
$1,781,196
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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
2009
Legal Domicile
NC
Principal Officer
JEFF JONES
Phone
9193657711
Tax Period
2024-07-01 to 2025-06-30

SOUTHEASTERN FREE WILL BAPTIST BIBLE COLLEGE INC, founded in 2009, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

CHRISTIAN COLLEGE EDUCATION.

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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 $1,030,808
Program Service Revenue $988,076
Investment Income $18,644
Other Revenue $205,338
TOTAL REVENUE $2,242,866

Expense Breakdown

Grants Paid $300,809
Salaries & Benefits $1,148,943
Fundraising Expenses $90,169
Program Expenses $2,034,244
Other Expenses $954,819
TOTAL EXPENSES $2,404,571

Year-over-Year Comparison

2024 2023 Change
Revenue $2,242,866 $2,423,011 -0.1%
Expenses $2,404,571 $2,369,300 +0.0%
Net Income $-161,705 $53,711 -4.0%
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
12
Independent Members
11
Employees
86
Volunteers
60

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
$53,938
Total Directors
12
$12,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL OSBORNE CFO 40.00
Officer
$53,938 $0 $53,938
JEFF JONES PRESIDENT 40.00
Director
$12,300 $0 $12,300
NATE ANGE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT COGHILL DIRECTOR 1.00
Director
$0 $0 $0
TERRY HINDS DIRECTOR 1.00
Director
$0 $0 $0
JIMMY LAWSON DIRECTOR 1.00
Director
$0 $0 $0
CURTIS LINTON DIRECTOR 1.00
Director
$0 $0 $0
JIM MCCOMAS DIRECTOR 1.00
Director
$0 $0 $0
JOEY MCCREIGHT DIRECTOR 1.00
Director
$0 $0 $0
LEE PATRICK DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN POWELL VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
TIMOTHY RABON SECRETARY 1.00
Officer Director
$0 $0 $0
GENE WILLIAMS CHAIRMAN 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 $2,242,866 $2,404,571 $1,966,640 $-161,705
2024 $2,423,011 $2,369,300 $2,103,887 $53,711
2023 $2,362,560 $2,267,805 $2,062,531 $94,755
2022 $2,357,118 $2,175,951 $2,025,525 $181,167
2021 $2,021,302 $1,897,593 $1,923,734 $123,709
2020 $1,942,345 $1,822,699 $1,849,899 $119,646
2019 $1,903,905 $1,885,583 $1,710,968 $18,322
2018 $1,672,094 $1,679,820 $1,702,224 $-7,726
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