THE BIBLE SEMINARY

EIN: 272190032 501(c)(3) Education

KATY, TX

Total Revenue
$1,059,105
Total Expenses
$994,558
Total Assets
$471,842
Net Assets
$314,131
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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
TX
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

SEMINARY EDUCATION ROOTED IN THE WORD OF GOD. (SEE EXPANDED MISSION STATEMENT ATTACHED).

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
2

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
5
$122,625
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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