Erskine College and Theological Seminary

EIN: 570314390 501(c)(3) Education

Due West, SC

Total Revenue
$47,967,931
Total Expenses
$46,848,616
Total Assets
$76,800,649
Net Assets
$54,319,592
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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
1837
Legal Domicile
SC
Phone
8643798812
Tax Period
2024-07-01 to 2025-06-30

Erskine College and Theological Seminary, founded in 1837, is a mid-sized nonprofit in the Education sector that reported $48.0M in total revenue in fiscal year 2024.

Mission

Christian liberal arts college and graduate theological 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,013,998
Program Service Revenue $37,036,513
Investment Income $2,014,205
Other Revenue $903,215
TOTAL REVENUE $47,967,931

Expense Breakdown

Grants Paid $20,626,533
Salaries & Benefits $10,356,890
Fundraising Expenses $503,731
Program Expenses $39,484,097
Other Expenses $15,865,193
TOTAL EXPENSES $46,848,616

Year-over-Year Comparison

2024 2023 Change
Revenue $47,967,931 $46,561,297 +0.0%
Expenses $46,848,616 $46,434,719 +0.0%
Net Income $1,119,315 $126,578 +7.8%
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

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Governance

Voting Members
15
Independent Members
15
Employees
499
Volunteers
15

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
6
$426,561
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mr CA Runyan Trustee - Chairman 2.0
Officer Director
$0 $0 $0
Mr EP Cook Trustee - Vice Chairman 2.0
Officer Director
$0 $0 $0
Ms MM Kiser Trustee - Secretary 2.0
Officer Director
$0 $0 $0
Mr CM Walker Jr Trustee 2.0
Director
$0 $0 $0
Mr JB Garrett Trustee 2.0
Director
$0 $0 $0
Mr JT Brewer Trustee 2.0
Director
$0 $0 $0
Mr WH Powell Trustee 2.0
Director
$0 $0 $0
Mrs KJ Claxton Trustee 2.0
Director
$0 $0 $0
Mrs RJ Webb Trustee 2.0
Director
$0 $0 $0
Mrs SC Burriss Trustee 2.0
Director
$0 $0 $0
Rev AF Shoger Trustee 2.0
Director
$0 $0 $0
Rev DM Smith Trustee 2.0
Director
$0 $0 $0
Rev E Ray Trustee 2.0
Director
$0 $0 $0
Rev PD Malphrus Trustee 2.0
Director
$0 $0 $0
Rev RF Ingram Trustee 2.0
Director
$0 $0 $0
Dr Steve Adamson President 45.0
Officer
$209,154 $17,882 $227,036
Mr Darrell Proffitt VP of Finance, Treasurer 45.0
Officer
$118,124 $11,170 $129,294
Mrs NG Jones Assistant Secretary 45.0
Officer
$57,600 $12,631 $70,231
Mr Bobby Clarke VP Operations 40.0
Highest
$124,334 $0 $124,334
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 $47,967,931 $46,848,616 $76,800,649 $1,119,315
2024 $46,561,297 $46,434,719 $73,220,738 $126,578
2023 $43,220,598 $46,303,008 $68,664,975 $-3,082,410
2022 $46,210,670 $45,170,851 $69,987,890 $1,039,819
2021 $43,903,518 $44,944,710 $80,598,505 $-1,041,192
2020 $41,912,193 $42,342,889 $74,254,576 $-430,696
2019 $28,269,833 $34,715,415 $75,442,460 $-6,445,582
2018 $32,200,268 $32,773,308 $73,377,177 $-573,040
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