TEXAS INDEPENDENT BAPTIST SEMINARY (EIN 371741214) - 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

2013

Legal Domicile

Principal Officer

ROBERT G GRAY II

Phone

9032386737

Tax Period

2023-01-01 to 2023-12-31

TEXAS INDEPENDENT BAPTIST SEMINARY, founded in 2013, is a small nonprofit in the Religion sector that reported $676K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO EDUCATE AND PREPARE MEN AND WOMEN FOR CHRISTIAN LEADERSHIP IN MINISTRY.

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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 $79,041

Program Service Revenue $361,544

Investment Income $0

Other Revenue $235,308

TOTAL REVENUE $675,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,929

Fundraising Expenses $0

Program Expenses $993,167

Other Expenses $379,695

TOTAL EXPENSES $1,008,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$675,893	$762,072	-0.1%
Expenses	$1,008,624	$1,813,188	-0.4%
Net Income	$-332,731	$-1,051,116	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT G GRAY II	CHAIRMAN	4.00	Officer Director	$0	$0	$0
TRAVIS SMITH	SECRETARY	4.00	Officer Director	$0	$0	$0
ARTHUR CARSTENS	TREASURER	4.00	Officer Director	$0	$0	$0
ROBERT HOLLAND	VICE-CHAIRMAN	4.00	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
2024	No data	No data	No data	No data
2023	$675,893	$1,008,624	$587,508	$-332,731
2022	$762,072	$1,813,188	$821,524	$-1,051,116
2021	$620,455	$643,099	$1,425,926	$-22,644
2020	$331,654	$488,089	$33,891	$-156,435
2019	$633,709	$618,327	$7,677	$15,382
2018	$490,773	$615,769	$13,863	$-124,996

TEXAS INDEPENDENT BAPTIST SEMINARY