EMMAUS BIBLE COLLEGE (EIN 362270695) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

PHILIP BOOM

Phone

5635888000

Tax Period

2024-07-01 to 2025-06-30

EMMAUS BIBLE COLLEGE, founded in 1947, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO GLORIFY GOD BY EDUCATING AND EQUIPPING LEARNERS TO IMPACT THE WORLD FOR CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,639,872

Program Service Revenue $6,009,863

Investment Income $279,043

Other Revenue $44,497

TOTAL REVENUE $8,973,275

Expense Breakdown

Grants Paid $2,128,099

Salaries & Benefits $4,396,805

Fundraising Expenses $251,039

Program Expenses $7,787,951

Other Expenses $2,709,639

TOTAL EXPENSES $9,250,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,973,275	$7,282,256	+0.2%
Expenses	$9,250,988	$8,540,104	+0.1%
Net Income	$-277,713	$-1,257,848	-0.8%

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

282

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

$648,484

Total Directors

$119,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BOOM	PRESIDENT	40.00	Officer Director	$115,684	$3,989	$119,673
STEVEN L LEARY	CHAIRMAN	2.30	Officer Director	$0	$0	$0
WILLIAM GUSTOFF	VICE CHAIRMAN	2.30	Officer Director	$0	$0	$0
MATTHEW PHELAN	SECRETARY	2.30	Officer Director	$0	$0	$0
DAN MEARNS	TREASURER	2.30	Officer Director	$0	$0	$0
MARK BARINOWSKI	TRUSTEE	0.60	Director	$0	$0	$0
DAVID S HARPER	TRUSTEE	0.60	Director	$0	$0	$0
CHAD LEGEL	TRUSTEE	0.60	Director	$0	$0	$0
WILLIAM LONGSTREET	TRUSTEE	0.60	Director	$0	$0	$0
JULIO MOREL	TRUSTEE	0.60	Director	$0	$0	$0
DR STEVEN PRICE	TRUSTEE	0.60	Director	$0	$0	$0
FREDERICK F SCHWERTFEGER	TRUSTEE	0.60	Director	$0	$0	$0
BENJAMIN SCRIPTURE	TRUSTEE	0.60	Director	$0	$0	$0
IAN S TAYLOR	TRUSTEE	0.60	Director	$0	$0	$0
ABRAHAM THOMAS	TRUSTEE	0.60	Director	$0	$0	$0
ROBERT WARNER	TRUSTEE	0.60	Director	$0	$0	$0
ISRAEL CHAVEZ	VICE PRESIDENT OF STUDENT LIFE	40.00	Officer	$90,052	$5,296	$95,348
TOM KOOK	VICE PRESIDENT OF ENROLLMENT/MKTG	40.00	Officer	$103,952	$18,409	$122,361
JOSEPH ABDY	VICE PRESIDENT FOR ADMIN/FINANCE	40.00	Officer	$86,481	$24,174	$110,655
RAJU KUNJUMMEN	VP FOR ACADEMIC AFFAIRS (PART YEAR)	40.00	Officer	$43,216	$874	$44,090
CHAD CUNNINGHAM	VICE PRESIDENT OF ADVANCEMENT	40.00	Officer	$75,185	$18,138	$93,323
JOEL CARTER	VICE PRESIDENT FOR ACADEMIC AFFAIRS	40.00	Officer	$61,860	$1,174	$63,034

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	$8,973,275	$9,250,988	$11,317,891	$-277,713
2024	$7,282,256	$8,540,104	$12,108,621	$-1,257,848
2023	$8,939,454	$8,379,058	$12,661,334	$560,396
2022	$7,957,371	$7,617,750	$11,775,934	$339,621
2021	$8,386,656	$7,669,576	$12,932,939	$717,080
2020	$7,668,486	$7,382,771	$11,452,073	$285,715
2019	$7,755,150	$7,555,267	$11,096,716	$199,883
2018	$8,155,981	$7,817,188	$10,987,845	$338,793

EMMAUS BIBLE COLLEGE