THE CORNERSTONE BIBLE COLLEGE AND SEMINARY (EIN 562454734) - 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

2004

Legal Domicile

Principal Officer

Ryan Rippee

Phone

7076451043

Tax Period

2024-07-01 to 2025-06-30

THE CORNERSTONE BIBLE COLLEGE AND SEMINARY, founded in 2004, is a small nonprofit in the Education sector that reported $310K in total revenue in fiscal year 2024.

Mission

Training of men and women for ministry in local churches. Specifically, providing a Master's Degree level of theological and pastoral training necessary for the effective teaching, preaching, ministry and administration of activities related to the care and oversight of local churches both in the United States and around the world.

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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 $132,539

Program Service Revenue $177,438

Investment Income $0

Other Revenue $0

TOTAL REVENUE $309,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,006

Fundraising Expenses $0

Program Expenses $301,853

Other Expenses $87,847

TOTAL EXPENSES $301,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,977	$307,945	+0.0%
Expenses	$301,853	$310,806	0.0%
Net Income	$8,124	$-2,861	-3.8%

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

N/A

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

$60,918

Total Directors

$76,791

Key Employees

$109,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Rippee	President/CEO	20	Officer Director Key Emp Highest	$60,918	$0	$60,918
Derek Brown	Academic Dean	10	Key Emp	$28,550	$0	$28,550
Eileen Lucas	Administrator	15	Key Emp	$20,399	$0	$20,399
Cliff McManis	Board Secretary	4	Director	$10,500	$0	$10,500
Tony Sanelli	Board Chairman	4	Director	$3,600	$0	$3,600
Phil Foley	Board Treasurer	4	Director	$1,773	$0	$1,773
Bob Douglas	Board Member	4	Director	$0	$0	$0
Ronald Prosise	Board Member	4	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	$309,977	$301,853	$73,312	$8,124
2024	$307,945	$310,806	$39,317	$-2,861
2023	$294,463	$250,313	$38,716	$44,150
2022	$275,827	$323,431	$8,405	$-47,604
2021	$308,860	$252,049	$50,540	$56,811
2020	$217,724	$249,363	$26,640	$-31,639
2019	$201,998	$190,458	$13,830	$11,540

THE CORNERSTONE BIBLE COLLEGE AND SEMINARY