Ascent College

EIN: 541851377 501(c)(3) Religion

Gainesville, VA

Total Revenue
$872,606
Total Expenses
$918,029
Total Assets
$290,450
Net Assets
$108,200
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
Dr Robert J Rhoden
Phone
7037530300
Tax Period
2024-07-01 to 2025-06-30

BETHEL COLLEGE INC, founded in 2005, is a small nonprofit in the Religion sector that reported $301K in total revenue in fiscal year 2017. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 26% operating deficit.

Mission

We provide Post-Secondary education from a Biblical perspective in order to prepare students, spiritually, practically and academically for professional and lay ministry.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $687,974
Program Service Revenue $178,529
Investment Income $6,103
Other Revenue $0
TOTAL REVENUE $872,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,842
Fundraising Expenses $51,325
Program Expenses $542,137
Other Expenses $447,187
TOTAL EXPENSES $918,029

Year-over-Year Comparison

2024 2023 Change
Revenue $872,606 $714,881 +0.2%
Expenses $918,029 $828,279 +0.1%
Net Income $-45,423 $-113,398 -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

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Financial Distress Indicator

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Governance

Voting Members
10
Independent Members
8
Employees
14
Volunteers
25

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
4
$116,100
Total Directors
11
$246,100
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Lehman Director 000.40
Director
$0 $30,000 $130,000
Robert J Rhoden President 030.00
Officer Director Highest
$38,500 $0 $114,100
Ken Cramer Director 000.40
Officer Director
$0 $0 $2,000
George Raduano Chairman of the Board 000.50
Officer Director
$0 $0 $0
Kenneth Moreland Treasurer 000.50
Officer Director
$0 $0 $0
Jacob Al Hassan Director 000.40
Director
$0 $0 $0
Sherilynn Tounger Director 000.40
Director
$0 $0 $0
Lori Ricks Director 000.40
Director
$0 $0 $0
John Rajan Director 000.40
Director
$0 $0 $0
Robert McDowell Director 000.40
Director
$0 $0 $0
Steve Evans Director 000.40
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 $872,606 $918,029 $290,450 $-45,423
2024 $714,881 $828,279 $328,709 $-113,398
2023 $903,154 $760,559 $290,827 $142,595
2022 $675,183 $656,706 $382,155 $18,477
2021 $450,743 $484,603 $145,771 $-33,860
2020 $224,497 $250,796 $157,169 $-26,299
2019 $273,439 $246,288 $169,025 $27,151
2018 $300,823 $377,542 $204,629 $-76,719
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