PHILADELPHIA BIBLE INSTITUTE COLLE… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

MILDRED HERRING

Phone

4102993958

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA BIBLE INSTITUTE COLLEGE & SEMINARY IN, founded in 2014, is a micro nonprofit in the Religion sector that reported $39K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

PROVIDE CLASSES, COMMENCEMENT, CAP AND GOWN,ADVERTISEMENT,PRONOUNCEMENTS AND STAFF

Program Service Accomplishments

Program 1

Expenses: $4,360 Revenue: $4,360

PROVIDE CLASSES COMMENCEMENTS,CAP AND GOWN,ADVERSTISEMENT,PRONOUNCEMENTS AND STAFF

Program 2

Expenses: $35,464 Revenue: $35,464

PROVIDE CLASSES,COMMENCEMENT,CAP AND GOWN,ADVERTISEMENT,PRONOUNCEMENT AND STAFF

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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 $39,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,650

Fundraising Expenses $0

Program Expenses $39,824

Other Expenses $38,174

TOTAL EXPENSES $39,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,200	$31,661	+0.2%
Expenses	$39,824	$46,211	-0.1%
Net Income	$-624	$-14,550	-1.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$500

Total Directors

$1,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MILDRED HERRING	PRESIDENT	5	Officer	$500	$0	$500
DR WARREN JONES	VICE PRESIDENT	5	Director	$250	$0	$250
DR ROBERT FRANKS	CHAIRMAN OF THE BOARD	5	Director	$200	$0	$200
N/A	DIRECTOR OF STUDENT AND ACADEMIC	5	Director	$200	$0	$200
DR GARY PAYTON	DIRECTOR OF PUBLIC AFFAIRS AND OU	5	Director	$200	$0	$200
DR VANESSA MARKLEY	REGISTRA	5	Director	$200	$0	$200

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
2024	$39,200	$39,824	$254,174	$-624

PHILADELPHIA BIBLE INSTITUTE COLLEGE & SEMINARY IN