SALEM BAPTIST CHRISTIAN SCHOOL (EIN 562286159) - 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

2003

Legal Domicile

Principal Officer

RICHARD CLINARD

Phone

3367256113

Tax Period

2024-07-01 to 2025-06-30

SALEM BAPTIST CHRISTIAN SCHOOL, founded in 2003, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

PROVIDE EDUCATIONAL INSTRUCTION.

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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 $1,433,582

Program Service Revenue $4,052,935

Investment Income $57,009

Other Revenue $26,985

TOTAL REVENUE $5,570,511

Expense Breakdown

Grants Paid $72,989

Salaries & Benefits $2,410,676

Fundraising Expenses $9,580

Program Expenses $3,347,058

Other Expenses $1,807,798

TOTAL EXPENSES $4,291,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,570,511	$4,024,950	+0.4%
Expenses	$4,291,463	$3,867,025	+0.1%
Net Income	$1,279,048	$157,925	+7.1%

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

121

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

$160,901

Total Directors

$77,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD CLINARD	HEADMASTER	40.00	Officer	$75,911	$7,726	$83,637
THOMAS LOCKWOOD	INTERIM PAST	40.00	Officer Director	$44,300	$32,964	$77,264
JIMMY BARRETT	MEMBER	1.00	Director	$0	$0	$0
TYLER BOWLES	MEMBER	1.00	Director	$0	$0	$0
JOYCE BURNETTE	MEMBER	1.00	Director	$0	$0	$0
ANNETTE COVINGTON	MEMBER	1.00	Director	$0	$0	$0
CARL DEATON	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
SHARON DUNCAN	MEMBER	1.00	Director	$0	$0	$0
RICK JENNINGS	DEACON CHAIR	1.00	Officer Director	$0	$0	$0
DARLENE RICHTER	SECRETARY	1.00	Officer 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	$5,570,511	$4,291,463	$2,626,366	$1,279,048
2024	$4,024,950	$3,867,025	$1,261,873	$157,925
2023	$3,754,994	$3,695,751	$1,171,674	$59,243
2022	$3,911,313	$4,098,577	$934,008	$-187,264
2021	$3,477,890	$3,152,592	$1,164,274	$325,298
2020	$2,970,395	$2,890,298	$1,079,640	$80,097
2019	$2,659,894	$2,572,713	$685,524	$87,181

SALEM BAPTIST CHRISTIAN SCHOOL