CARVER BIBLE COLLEGE INC (EIN 586002736) - 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

1944

Legal Domicile

Principal Officer

DR CL JORDAN

Phone

4045274520

Tax Period

2021-07-01 to 2022-06-30

CARVER BIBLE COLLEGE INC, founded in 1944, is a small nonprofit that reported $418K in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $2.5M represent 71 months of operating reserves.

Mission

CARVER COLLEGE EXISTS TO GLORIFY GOD BY EDUCATING STUDENTS TO REACH THE WORLD OF CHRIST BY SERVING THE CHURCH, THE COMMUNITY AND THE WORLD AS BIBLICALLY MINDED, PROFESSIONALLY COMPETENT, MEN AND WOMEN OF CHARACTER.

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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 (2021)

Revenue Breakdown

Contributions & Grants $198,404

Program Service Revenue $58,285

Investment Income $0

Other Revenue $161,529

TOTAL REVENUE $418,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,832

Fundraising Expenses $0

Program Expenses $386,422

Other Expenses $317,059

TOTAL EXPENSES $424,891

Year-over-Year Comparison

	2021	2020	Change
Revenue	$418,218	$564,098	-0.3%
Expenses	$424,891	$924,433	-0.5%
Net Income	$-6,673	$-360,335	-1.0%

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

$60,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT ATKINS	CFO	40.00	Officer	$60,833	$0	$60,833
WESTON IRBY	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
DR CL JORDAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
DR CLIFFORD ICE	VICE PRESIDE	3.00	Director	$0	$0	$0
DR DONALD CANTY	DIRECTOR	3.00	Director	$0	$0	$0
DR THOMAS FRITZ	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINA BROADWAY ESQ	DIRECTOR	3.00	Director	$0	$0	$0
REV JOEL REDMON	DIRECTOR	3.00	Director	$0	$0	$0
DR CLARENCE CLAVON	DIRECTOR	3.00	Director	$0	$0	$0
REV BO PADDOCK	DIRECTOR	3.00	Director	$0	$0	$0
REV MICHAEL MATALA	DIRECTOR	3.00	Director	$0	$0	$0
REV MARCUS WEBSTER	DIRECTOR	3.00	Director	$0	$0	$0
DR SILAS SESSIONS	DIRECTOR	3.00	Director	$0	$0	$0
DR JOHNNY MCBURROWS	DIRECTOR	3.00	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
2022	$418,218	$424,891	$2,988,671	$-6,673
2021	$564,098	$924,433	$2,868,215	$-360,335
2020	$256,326	$755,221	$2,825,601	$-498,895
2019	$1,038,737	$998,565	$3,308,089	$40,172
2018	$1,329,570	$1,566,902	$3,430,827	$-237,332

CARVER BIBLE COLLEGE INC