Ambassador Baptist College

EIN: 561648007 501(c)(3) Education

Lattimore, NC

Total Revenue
$3,357,592
Total Expenses
$3,176,629
Total Assets
$3,803,263
Net Assets
$3,755,176
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Alton Beal
Phone
7044340303
Tax Period
2024-07-01 to 2025-06-30

Ambassador Baptist College, founded in 1989, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 5% surplus.

Mission

Degreed courses offered to men and women in training and preparation to enter the ministry of preaching and teaching the Gospel.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,362,862
Program Service Revenue $1,773,249
Investment Income $1,693
Other Revenue $219,788
TOTAL REVENUE $3,357,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,580,142
Fundraising Expenses $34,435
Program Expenses $2,734,006
Other Expenses $1,596,487
TOTAL EXPENSES $3,176,629

Year-over-Year Comparison

2024 2023 Change
Revenue $3,357,592 $3,192,461 +0.1%
Expenses $3,176,629 $2,776,594 +0.1%
Net Income $180,963 $415,867 -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

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

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Governance

Voting Members
25
Independent Members
23
Employees
134
Volunteers
10

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
3
$67,906
Total Directors
26
$98,471
Key Employees
2
$110,306
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alton Beal President Chairman 60.00
Officer Director Key Emp Highest
$67,906 $0 $67,906
Randy Bunn Business Manager 45.00
Key Emp
$42,400 $0 $42,400
Tim Daniel Vice Chair 1.00
Officer Director
$0 $0 $0
David Murrell Secretary 1.00
Officer Director
$0 $0 $0
Terri Moore Executive Committee 1.00
Director
$0 $0 $0
Ron Comfort Executive Committee 5.00
Director
$30,565 $0 $30,565
Thomas Williams Executive Committee 1.00
Director
$0 $0 $0
David Schwanke Executive Committee 1.00
Director
$0 $0 $0
Mike Westmoreland Executive Committee 1.00
Director
$0 $0 $0
Marc Monte Director 1.00
Director
$0 $0 $0
Joel Bixler Director 1.00
Director
$0 $0 $0
David McClellan Director 1.00
Director
$0 $0 $0
Todd Abbey Board Member 1.00
Director
$0 $0 $0
Greg Allison Board Member 1.00
Director
$0 $0 $0
David Bias Board Member 1.00
Director
$0 $0 $0
David Smith Board Member 1.00
Director
$0 $0 $0
Larry Brubaker Board Member 1.00
Director
$0 $0 $0
Aaron Samples Board Member 1.00
Director
$0 $0 $0
Frank Bailey Board Member 1.00
Director
$0 $0 $0
Mike Pelletier Board Member 1.00
Director
$0 $0 $0
Finley Cutshaw Board Member 1.00
Director
$0 $0 $0
Richard Harper Director 1.00
Director
$0 $0 $0
Chris Edwards Board Member 1.00
Director
$0 $0 $0
Mark Carpenter Board Member 1.00
Director
$0 $0 $0
Jess Enochs Board Member 1.00
Director
$0 $0 $0
David Goforth Board Member 1.00
Director
$0 $0 $0
Shannon Munday Board Member 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 $3,357,592 $3,176,629 $3,803,263 $180,963
2024 $3,192,461 $2,776,594 $3,927,452 $415,867
2023 $2,560,522 $2,583,176 $3,319,445 $-22,654
2022 $2,584,365 $2,482,404 $3,349,169 $101,961
2021 $2,182,649 $2,383,828 $3,497,070 $-201,179
2020 $1,749,791 $1,916,918 $3,564,553 $-167,127
2019 $1,974,765 $2,128,535 $3,575,342 $-153,770
2018 $2,039,130 $2,242,764 $3,863,375 $-203,634
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