MARANATHA BAPTIST UNIVERSITY INC (EIN 391097032) - 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

1968

Legal Domicile

Principal Officer

Donald Donovan

Phone

9202062314

Tax Period

2022-07-01 to 2023-06-30

MARANATHA BAPTIST UNIVERSITY INC, founded in 1968, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year.

Mission

THE UNIVERSITY TRAINS MEN AND WOMEN FOR EFFECTIVE GOSPEL MINISTRY IN THE LOCAL CHURCH THROUGH A HIGHER EDUCATIONAL PROGRAM OF BIBLICAL, GENERAL, AND PROFESSIONAL STUDIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,151,300

Program Service Revenue $15,446,437

Investment Income $-9,295

Other Revenue $873,075

TOTAL REVENUE $17,461,517

Expense Breakdown

Grants Paid $2,198,525

Salaries & Benefits $10,219,956

Fundraising Expenses $146,243

Program Expenses $15,633,604

Other Expenses $5,654,238

TOTAL EXPENSES $18,072,719

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,461,517	$18,420,969	-0.1%
Expenses	$18,072,719	$17,579,178	+0.0%
Net Income	$-611,202	$841,791	-1.7%

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

673

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

$358,445

Total Directors

$269,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MATTHEW DAVIS	CEO	040.00	Officer Director	$112,913	$53,343	$166,256
DR MARTY MARRIOTT	PRESIDENT	040.00	Officer Director	$95,060	$2,474	$97,534
MR DONALD DONOVAN	VP BUSINESS AFFAIRS	040.00	Officer	$71,784	$22,871	$94,655
DR ROBERT LOGGANS	SECRETARY	002.00	Director	$4,886	$0	$4,886
DR WILLIAM LINCOLN	TRUSTEE	002.00	Director	$500	$0	$500
PASTOR DAVE ANDERSON	TRUSTEE	002.00	Director	$100	$0	$100
DR DOUG JACKSON	CHAIRMAN	002.00	Director	$0	$0	$0
DR MICHAEL DEAN	VICE-CHAIRMAN	002.00	Director	$0	$0	$0
MR MARK POORMAN	TREASURER	002.00	Director	$0	$0	$0
MR DARRELL BEERNINK	TRUSTEE	002.00	Director	$0	$0	$0
DR DAVID OLIVER	TRUSTEE	002.00	Director	$0	$0	$0
MR KEVIN AMES SR	TRUSTEE	002.00	Director	$0	$0	$0
DR MICHAEL STOLTENBERG	TRUSTEE	002.00	Director	$0	$0	$0
MR DAVID BALDWIN	TRUSTEE	002.00	Director	$0	$0	$0
MR RANDY MELCHERT JR	TRUSTEE	002.00	Director	$0	$0	$0
MR ZACHARY MORTIMER	TRUSTEE	002.00	Director	$0	$0	$0
DR ANDY COUNTERMAN	TRUSTEE	002.00	Director	$0	$0	$0
PASTOR CHAD PRIGGE	TRUSTEE	002.00	Director	$0	$0	$0
DR TIM SCHMIG	TRUSTEE	002.00	Director	$0	$0	$0
MR STEPHEN BURTON	TRUSTEE	002.00	Director	$0	$0	$0
MR RANDELL GILLESPIE	TRUSTEE	002.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$17,461,517	$18,072,719	$23,319,670	$-611,202
2022	$18,420,969	$17,579,178	$23,386,900	$841,791
2021	$19,476,702	$16,534,553	$23,775,385	$2,942,149
2020	$15,568,881	$15,754,241	$22,432,196	$-185,360
2019	$16,587,984	$16,558,858	$20,771,507	$29,126
2018	$15,971,635	$15,599,251	$21,767,512	$372,384

MARANATHA BAPTIST UNIVERSITY INC