VIRGINIA BEACH THEOLOGICAL SEMINARY (EIN 541776238) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DANIEL DAVEY

Phone

7574793706

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA BEACH THEOLOGICAL SEMINARY, founded in 1995, is a small nonprofit in the Education sector that reported $431K in total revenue in fiscal year 2018. Expenses of $551K exceeded revenue, resulting in a 28% operating deficit.

Mission

CHRISTIAN EDUCATION FOR MEN AND WOMEN INTERESTED IN CHRISTIAN WORK.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $498,817

Program Service Revenue $166,907

Investment Income $72,138

Other Revenue $22,685

TOTAL REVENUE $760,547

Expense Breakdown

Grants Paid $32,923

Salaries & Benefits $571,911

Fundraising Expenses $40,562

Program Expenses $533,379

Other Expenses $147,191

TOTAL EXPENSES $752,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,547	$676,493	+0.1%
Expenses	$752,025	$746,864	+0.0%
Net Income	$8,522	$-70,371	-1.1%

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

$68,548

Total Directors

$68,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DAVEY	PRESIDENT	40.00	Officer Director	$13,862	$54,686	$68,548
STEVE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JAY GERMON	TRUSTEE	1.00	Director	$0	$0	$0
SEAN GODDEN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY GREENE	TRUSTEE	1.00	Director	$0	$0	$0
DOUG KINT	TRUSTEE	1.00	Director	$0	$0	$0
TERRY LACKEY	TRUSTEE	1.00	Director	$0	$0	$0
KEITH LEONARD	SECRETARY	1.00	Officer Director	$0	$0	$0
KIRK LINAHAN	TRUSTEE	1.00	Director	$0	$0	$0
DWAYNE LOUK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAT MCCARTY	TRUSTEE	1.00	Director	$0	$0	$0
DONALD ROEBUCK	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY STALEY	TRUSTEE	1.00	Director	$0	$0	$0
GARY WHITELAM	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL WILBURN	TRUSTEE	1.00	Director	$0	$0	$0
RON WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY BRAZAS	CFO	40.00	Officer	$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	$760,547	$752,025	$1,162,591	$8,522
2024	$676,493	$746,864	$1,105,367	$-70,371
2023	$814,501	$695,729	$1,155,247	$118,772
2022	$873,149	$739,984	$1,041,638	$133,165
2021	$1,002,113	$660,248	$1,213,498	$341,865
2020	$584,080	$609,048	$856,647	$-24,968
2019	$431,425	$551,268	$825,907	$-119,843

VIRGINIA BEACH THEOLOGICAL SEMINARY