CENTRAL BAPTIST THEOLOGICAL SEMINARY (EIN 410789397) - 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

1956

Legal Domicile

Principal Officer

Matt Morrell

Phone

7634178250

Tax Period

2024-07-01 to 2025-06-30

CENTRAL BAPTIST THEOLOGICAL SEMINARY, founded in 1956, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

The mission of Central Baptist Theological Seminary is to assist New Testament churches in equipping spiritual leaders for Christ-exalting biblical 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 (2024)

Revenue Breakdown

Contributions & Grants $1,127,509

Program Service Revenue $335,756

Investment Income $105,686

Other Revenue $-15,789

TOTAL REVENUE $1,553,162

Expense Breakdown

Grants Paid $60,376

Salaries & Benefits $1,134,049

Fundraising Expenses $16,242

Program Expenses $1,287,113

Other Expenses $537,767

TOTAL EXPENSES $1,732,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,553,162	$1,306,784	+0.2%
Expenses	$1,732,192	$1,523,288	+0.1%
Net Income	$-179,030	$-216,504	-0.2%

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

$34,946

Total Directors

$34,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luke Forman	Treasurer	015.00	Officer Director	$0	$9,375	$19,434
Matt Morrell	President	005.00	Officer Director	$0	$8,750	$15,512
Tim Emslie	Board Member	002.00	Director	$0	$0	$0
Timothy Graham	Board Member	002.00	Director	$0	$0	$0
Ronald Groschel	Board Member	002.00	Director	$0	$0	$0
Don Steinhart	Board Member	002.00	Director	$0	$0	$0
Craig Muri	Chairman of the Board	002.00	Director	$0	$0	$0
Donald Oglivie	Board Member	002.00	Director	$0	$0	$0
Randall Quiring	Board Member	002.00	Director	$0	$0	$0
Mark Stuckey	Board Member	002.00	Director	$0	$0	$0
Marlon Mielke	Board Member	002.00	Director	$0	$0	$0
Jay Russell	Board Member	002.00	Director	$0	$0	$0
Douglas Mclachlan	Chancellor	002.00	Director	$0	$0	$0
Steven Bauder	Board Member	002.00	Director	$0	$0	$0
Emmanuel Malone	Board Member	002.00	Director	$0	$0	$0
Donald Odens	Board Member	002.00	Director	$0	$0	$0
Lee Ormiston	Board Member	002.00	Director	$0	$0	$0
Shad Vork	Board Secretary	002.00	Director	$0	$0	$0
Doug Roman	Board Member	002.00	Director	$0	$0	$0
Jeff King	Board Member	002.00	Director	$0	$0	$0
Victor Clay	Board Member	002.00	Director	$0	$0	$0
Sam Macalus	Board Member	002.00	Director	$0	$0	$0
Newton Guillen	Board Member	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	$1,553,162	$1,732,192	$6,220,390	$-179,030
2024	$1,306,784	$1,523,288	$6,003,175	$-216,504
2023	$2,622,195	$1,558,109	$5,883,782	$1,064,086
2022	$1,553,983	$1,465,368	$4,526,141	$88,615
2021	$1,539,130	$1,298,113	$4,705,041	$241,017
2020	$1,451,613	$1,259,223	$4,293,491	$192,390
2019	$1,652,119	$1,240,416	$3,889,792	$411,703
2018	$1,080,047	$1,281,597	$3,446,665	$-201,550

CENTRAL BAPTIST THEOLOGICAL SEMINARY