WASHINGTON BAPTIST SEMINARY (EIN 521327135) - 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

1926

Legal Domicile

Principal Officer

John L McCoy

Phone

2405825622

Tax Period

2023-09-01 to 2024-08-31

WASHINGTON BAPTIST SEMINARY, founded in 1926, is a small nonprofit in the Education sector that reported $114K in total revenue in fiscal year 2023. Expenses of $139K exceeded revenue, resulting in a 21% operating deficit.

Mission

A CHRISTIAN THEOLOGICAL SCHOOL FOR TRAINING CHRISTIAN WORKERS.

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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 $28,440

Program Service Revenue $25,957

Investment Income $0

Other Revenue $60,000

TOTAL REVENUE $114,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,900

Fundraising Expenses $0

Program Expenses $138,941

Other Expenses $76,041

TOTAL EXPENSES $138,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,397	$119,035	0.0%
Expenses	$138,941	$124,810	+0.1%
Net Income	$-24,544	$-5,775	+3.3%

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

N/A

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

$28,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN L MCCOY	PRESIDENT	20	Officer	$0	$12,000	$12,000
JAMES E TERRELL	VICE PRESIDENT	20	Officer	$0	$7,500	$7,500
CLEVESTER WIMBISH	DEAN	20	Officer	$0	$7,200	$7,200
THOMAS J HENDERSON	CHANCELLOR	20	Officer	$0	$2,200	$2,200
EARL A ROSS	TRUSTEE	0	Director	$0	$0	$0
Jesse Jackson	TRUSTEE	0	Director	$0	$0	$0
RONALD EVANS	TRUSTEE	0	Director	$0	$0	$0
DONALD SADLER	TRUSTEE	0	Director	$0	$0	$0
CHARLES BYNUM	TRUSTEE	0	Director	$0	$0	$0
Edna Owens	Trustee	0	Director	$0	$0	$0
Alfred Wright	Trustee	0	Director	$0	$0	$0
Willie Lawson	Trustee	0	Director	$0	$0	$0
Nathan Butler	Trustee	0	Director	$0	$0	$0
AMAZIAH HARPER	CHAIRMAN OF THE BOARD OF TRUSTEES	0	Director	$0	$0	$0
RANDOL0PH FITZGERALD	TREASURER	0	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	$114,397	$138,941	$1,910,866	$-24,544
2023	$119,035	$124,810	$1,934,051	$-5,775
2022	$114,219	$119,386	$1,951,754	$-5,167
2021	$156,468	$92,926	$1,738,703	$63,542

WASHINGTON BAPTIST SEMINARY