Faith Baptist Bible College (EIN 470394397) - 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

1921

Legal Domicile

Principal Officer

Jim Tillotson

Phone

5159640601

Tax Period

2023-07-01 to 2024-06-30

Faith Baptist Bible College, founded in 1921, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.

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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 $1,839,126

Program Service Revenue $7,339,348

Investment Income $929,240

Other Revenue $0

TOTAL REVENUE $10,107,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,842,898

Fundraising Expenses $267,175

Program Expenses $7,695,017

Other Expenses $4,554,120

TOTAL EXPENSES $10,397,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,107,714	$8,596,403	+0.2%
Expenses	$10,397,018	$9,286,281	+0.1%
Net Income	$-289,304	$-689,878	-0.6%

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

397

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

$548,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Blackstone	Director	3.00	Director	$0	$0	$0
Steven Bohn	Director	3.00	Director	$0	$0	$0
David Burman Jr	Director & Secretary	3.00	Officer Director	$0	$0	$0
Tim Capon	Director & Chairman	3.00	Officer Director	$0	$0	$0
Samuel Choi	Director	3.00	Director	$0	$0	$0
Kenneth R Hansen	Director	3.00	Director	$0	$0	$0
Paul Mann	Director	3.00	Director	$0	$0	$0
Alberto Marquest	Director	3.00	Director	$0	$0	$0
Patrick Odle	Director	3.00	Director	$0	$0	$0
Jason Pilchard	Director	3.00	Director	$0	$0	$0
James Randolph	Director & Vice Chairman	3.00	Officer Director	$0	$0	$0
Dan E Walker	Director	3.00	Director	$0	$0	$0
Anthony Wilson	Director	3.00	Director	$0	$0	$0
James R Tillotson	President	40.00	Officer	$119,847	$0	$119,847
Martin T Herron	Executive Vice President	40.00	Officer	$80,917	$0	$80,917
Daniel H Bjokne	Vice President	40.00	Officer	$49,518	$0	$49,518
Mark L Davis	Vice President	40.00	Officer	$71,266	$0	$71,266
Douglas E Brown	Dean of Seminary	40.00	Officer	$60,965	$0	$60,965
Kenneth D Rathbun	Vice President, Academic Dean	40.00	Officer	$86,491	$0	$86,491
Paul Bray	Vice President & CFO	40.00	Officer	$79,460	$0	$79,460

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	$10,107,714	$10,397,018	$19,924,252	$-289,304
2023	$8,596,403	$9,286,281	$19,602,397	$-689,878
2022	$8,759,376	$8,670,731	$19,003,759	$88,645
2021	$9,568,294	$7,875,565	$21,423,490	$1,692,729
2020	$7,145,401	$7,542,097	$19,439,873	$-396,696
2019	$6,657,401	$7,600,609	$19,266,001	$-943,208

Faith Baptist Bible College