THE BIBLE SEMINARY

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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

2010

Legal Domicile

Principal Officer

RICK MCCALIP

Phone

2816461109

Tax Period

2023-06-01 to 2024-05-31

THE BIBLE SEMINARY, founded in 2010, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $995K left a modest 6% surplus.

Mission

THE SEMINARY EXISTS TO GLORIFY GOD BY TRAINING CHRISTIAN BELIEVERS IN A CONTEXT OF BIBLICAL COMMUNITY IN ALL 66 BOOKS OF THE BIBE SO THAT THEY CAN SERVE THE LOCAL CHURCH AND FULFILL THE GREAT COMMISSION BY THE POWER OF GOD'S SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $662,266 Revenue: $187,364

EDUCATION ACTIVITIES: PROVIDING PROGRAMS THAT INCLUDE BIBLE CERTIFICATE, VOCATIONAL MINISTRY, DUAL DEGREE COMPLETION, MASTER OF ARTS, AND MASTER OF DIVINITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $871,826

Program Service Revenue $187,364

Investment Income $-3,549

Other Revenue $3,464

TOTAL REVENUE $1,059,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $741,349

Fundraising Expenses $47,763

Program Expenses $662,266

Other Expenses $253,209

TOTAL EXPENSES $994,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,105	$962,419	+0.1%
Expenses	$994,558	$966,040	+0.0%
Net Income	$64,547	$-3,621	-18.8%

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

$122,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM PETERS	CHAIR	2.00	Officer Director	$0	$0	$0
JULIA DEAN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MICKEY ELLIS	SEC/TREASURE	2.00	Officer Director	$0	$0	$0
GEORGE ARMISTEAD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BUTTON	DIRECTOR	1.00	Director	$0	$0	$0
HARRY CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
STAN GOSS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCGOWN	DIRECTOR	1.00	Director	$0	$0	$0
PAT RYAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH LYNN LEWIS	PRESIDENT	45.00	Officer	$122,625	$0	$122,625
RICK MCCALIP	VICE PRESIDE	1.00	Officer	$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	No data	No data	No data	No data
2024	$1,059,105	$994,558	$471,842	$64,547
2023	$962,419	$966,040	$336,488	$-3,621
2022	$660,981	$955,736	$266,555	$-294,755
2021	$906,816	$840,239	$574,985	$66,577
2020	$876,030	$872,333	$550,202	$3,697
2019	$798,062	$781,075	$479,264	$16,987
2018	$741,406	$682,296	$481,678	$59,110