Charlotte Christian College & Theological Seminary (EIN 561995933) - 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

1996

Legal Domicile

Principal Officer

Christopher Harris

Phone

7043346882

Tax Period

2024-07-01 to 2025-06-30

Charlotte Christian College & Theological Seminary, founded in 1996, is a small nonprofit in the Religion sector that reported $424K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 155% operating deficit.

Mission

To educate, train, and develop ministers, evangelists, missionaries, and other people who are going to enter the Christian ministry. Educate ministers and missionaries to serve the Lord.

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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 $7,658

Program Service Revenue $392,564

Investment Income $24,051

Other Revenue $138

TOTAL REVENUE $424,411

Expense Breakdown

Grants Paid $10,650

Salaries & Benefits $708,774

Fundraising Expenses $5,907

Program Expenses $723,669

Other Expenses $362,928

TOTAL EXPENSES $1,082,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,411	$699,540	-0.4%
Expenses	$1,082,352	$1,240,083	-0.1%
Net Income	$-657,941	$-540,543	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Harris	President	40.00	Officer Director	$0	$0	$0
Virginia Wallace	Director	4.00	Director	$0	$0	$0
Justin Barnes	Chairman	8.00	Officer Director	$0	$0	$0
Gerome Stinson	Director	4.00	Director	$0	$0	$0
Thomas Bounds	Vice-Chair	8.00	Officer Director	$0	$0	$0
Elliot Cohen	Director	4.00	Director	$0	$0	$0
Tawana Ross	Director	4.00	Director	$0	$0	$0
Michael Salter	Director	4.00	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	$424,411	$1,082,352	$1,236,807	$-657,941
2024	$699,540	$1,240,083	$1,358,913	$-540,543
2023	$1,041,465	$1,334,490	$2,166,630	$-293,025
2022	$1,338,480	$1,403,761	$2,168,198	$-65,281
2021	$1,939,351	$1,332,781	$2,253,775	$606,570
2020	$1,010,539	$1,007,192	$1,804,454	$3,347
2019	$775,036	$908,346	$1,550,130	$-133,310
2018	$767,525	$927,219	$2,653,368	$-159,694

Charlotte Christian College & Theological Seminary