SOUTHERN EVANGELICAL SEMINARY INC (EIN 561764649) - 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

1992

Legal Domicile

Principal Officer

PHIL GINN

Phone

7048475600

Tax Period

2023-07-01 to 2024-06-30

SOUTHERN EVANGELICAL SEMINARY INC, founded in 1992, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $914K, a strong 24% operating margin.

Mission

EDUCATION - SEMINARY

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,367,579

Program Service Revenue $1,040,366

Investment Income $368,375

Other Revenue $1,709

TOTAL REVENUE $3,778,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,700,000

Fundraising Expenses $356,587

Program Expenses $1,778,596

Other Expenses $1,163,930

TOTAL EXPENSES $2,863,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,778,029	$1,993,291	+0.9%
Expenses	$2,863,930	$2,166,916	+0.3%
Net Income	$914,099	$-173,625	-6.3%

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

$118,561

Total Directors

$118,561

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JAMISON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DUKE HALE	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JANET DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
COREY FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GASKIN	DIRECTOR	1.00	Director	$0	$0	$0
GIL GATCH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HOGG	DIRECTOR	1.00	Director	$0	$0	$0
STACEY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
PALMER MCARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCCUDDY	DIRECTOR	1.00	Director	$0	$0	$0
LANCE RICHEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY RINEHART	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GINN	PRESIDENT	40.00	Officer Director	$116,361	$2,200	$118,561

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	No data	No data	No data	No data
2024	$3,778,029	$2,863,930	$4,650,249	$914,099
2023	$1,993,291	$2,166,916	$4,679,795	$-173,625
2022	$1,882,665	$1,871,349	$5,069,822	$11,316
2022	$1,882,665	$1,871,349	$5,069,822	$11,316
2021	$1,981,811	$2,514,697	$5,043,916	$-532,886
2020	$1,622,728	$2,455,349	$8,247,030	$-832,621

SOUTHERN EVANGELICAL SEMINARY INC