CALVARY UNIVERSITY (EIN 436052681) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

DR ALEXANDER GRANADOS

Phone

8163220110

Tax Period

2022-07-01 to 2023-06-30

CALVARY UNIVERSITY, founded in 1961, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $6.2M left a modest 9% surplus.

Mission

OPERATION OF INDEPENDENT CHRISTIAN COLLEGE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,293,573

Program Service Revenue $3,451,169

Investment Income $53,722

Other Revenue $18,467

TOTAL REVENUE $6,816,931

Expense Breakdown

Grants Paid $881,347

Salaries & Benefits $3,130,023

Fundraising Expenses $407,531

Program Expenses $4,596,485

Other Expenses $2,220,570

TOTAL EXPENSES $6,231,940

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,816,931	$5,824,151	+0.2%
Expenses	$6,231,940	$5,643,119	+0.1%
Net Income	$584,991	$181,032	+2.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

161

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

$271,252

Total Directors

$83,651

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT ASCHER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR VICTOR BORDEN	TRUSTEE	1.00	Director	$0	$0	$0
GRACIA BURNHAM	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY WASHINGTON	TRUSTEE	1.00	Director	$0	$0	$0
ADRION ROBERSON	TRUSTEE	1.00	Director	$0	$0	$0
JERRY WINKLEY	TRUSTEE	1.00	Director	$0	$0	$0
CLAY BOWLIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALEXANDER GRANADOS	PRESIDENT	40.00	Officer Director	$80,473	$3,178	$83,651
MATT BREWER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
DR DAVID VITT	TRUSTEE	1.00	Director	$0	$0	$0
BRAD BABCOCK	TRUSTEE	1.00	Director	$0	$0	$0
KELLY MCGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
ANTOINE RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
LIZ SIMONS	TRUSTEE	1.00	Director	$0	$0	$0
DR TEDDY BITNER	CHIEF ACADEMIC OFFICER	40.00	Officer	$59,843	$94	$59,937
JEFF CAMPA	CHIEF OPERATING OFFICER	40.00	Officer	$49,375	$375	$49,750
JOHN MCGEE	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$54,295	$109	$54,404
TOM STOLBERG	CHIEF FINANCIAL OFFICER	40.00	Officer	$23,510	$0	$23,510

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	$6,816,931	$6,231,940	$12,554,072	$584,991
2022	$5,824,151	$5,643,119	$11,548,468	$181,032
2021	$1,875,961	$6,000,293	$12,316,825	$-4,124,332
2021	$1,875,961	$6,000,293	$12,316,825	$-4,124,332
2020	$4,777,419	$6,772,216	$15,871,314	$-1,994,797
2019	$7,107,548	$6,913,535	$16,846,964	$194,013
2018	$11,751,181	$5,914,654	$16,703,284	$5,836,527

CALVARY UNIVERSITY