Maryland Bible College and Seminary Inc (EIN 521555346) - 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

1987

Legal Domicile

Principal Officer

Peter Taggart

Phone

4104882606

Tax Period

2024-08-01 to 2025-07-31

Maryland Bible College and Seminary Inc, founded in 1987, is a small nonprofit in the Religion sector that reported $293K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $331K exceeded revenue, resulting in a 13% operating deficit.

Mission

To provide undergraduate and graduate level education in the field of religion.

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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 $100,020

Program Service Revenue $192,437

Investment Income $0

Other Revenue $294

TOTAL REVENUE $292,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,875

Fundraising Expenses $0

Program Expenses $145,560

Other Expenses $214,963

TOTAL EXPENSES $330,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,751	$327,332	-0.1%
Expenses	$330,838	$318,695	+0.0%
Net Income	$-38,087	$8,637	-5.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Colban	Elder	0.00	Officer Director	$0	$0	$0
Peter Taggart	COO	1.00	Officer Director Key Emp	$0	$0	$0
Douglas Brooks	Trustee	1.00	Director	$0	$0	$0
Peter Westera	Trustee	1.00	Director	$0	$0	$0
Barry Quirk	Trustee	1.00	Director	$0	$0	$0
Craig Pereira	Trustee	1.00	Director	$0	$0	$0
Isaac Hoffses	Trustee	1.00	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	$292,751	$330,838	$790,488	$-38,087
2024	$327,332	$318,695	$790,475	$8,637
2023	$1,157,140	$356,862	$796,731	$800,278
2022	$259,396	$327,716	$20,082	$-68,320
2021	$206,018	$246,077	$36,405	$-40,059
2020	$174,220	$229,139	$59,324	$-54,919
2019	$217,363	$227,489	$41,932	$-10,126
2018	$165,297	$213,271	$38,599	$-47,974

Maryland Bible College and Seminary Inc