Luther Rice College & Seminary Inc

EIN: 591197022 501(c)(3)

Lithonia, GA

Total Revenue
$4,303,758
Total Expenses
$4,235,912
Total Assets
$8,344,114
Net Assets
$7,404,565
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
GA
Principal Officer
Steven Steinhilber
Tax Period
2023-07-01 to 2024-06-30

Luther Rice College & Seminary Inc, founded in 1962, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

The mission of Luther Rice College & Seminary is to serve the church and community by providing biblically based on-campus and distance education to Christian men and women for ministry and the marketplace with an end to granting undergraduate and graduate degrees.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,758
Program Service Revenue $3,652,025
Investment Income $329,810
Other Revenue $8,165
TOTAL REVENUE $4,303,758

Expense Breakdown

Grants Paid $265,759
Salaries & Benefits $2,615,070
Fundraising Expenses $69,998
Program Expenses $2,829,472
Other Expenses $1,355,083
TOTAL EXPENSES $4,235,912

Year-over-Year Comparison

2023 2022 Change
Revenue $4,303,758 $4,709,932 -0.1%
Expenses $4,235,912 $4,256,953 0.0%
Net Income $67,846 $452,979 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
63
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
4
$461,121
Total Directors
9
$150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Steinhilber President 40.00
Officer
$91,843 $54,422 $146,265
Ken Stokes V P for Information Technol 40.00
Officer
$106,076 $6,424 $112,500
Evan Posey Executive V P and Provost 40.00
Officer
$101,026 $6,340 $107,366
Kenneth Kuffrey V P for Financial Affairs 40.00
Officer
$86,944 $8,046 $94,990
Mark Riser Former Trustee 0.00
$100 $0 $100
Robert Williams Trustee 1.00
Director
$50 $0 $50
Bill Houck Trustee 1.00
Director
$50 $0 $50
Gary Jarnagin Former Trustee 1.00
Director
$50 $0 $50
Lou Souders Trustee 1.00
Director
$0 $0 $0
Brent Purvis Former Trustee 1.00
Director
$0 $0 $0
Tom Powell Trustee 1.00
Director
$0 $0 $0
Daryl Edwards Trustee 1.00
Director
$0 $0 $0
Deborah Wilson Trustee 1.00
Director
$0 $0 $0
Pete Rockett Trustee 1.00
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 No data No data No data No data
2024 $4,303,758 $4,235,912 $8,344,114 $67,846
2023 $4,709,932 $4,256,953 $8,279,540 $452,979
2022 $4,580,851 $4,447,770 $7,749,300 $133,081
2021 $5,382,930 $5,022,932 $8,195,135 $359,998
2020 $4,989,558 $4,576,801 $7,350,924 $412,757
Explore More Nonprofits
Top 100 Nonprofits in Georgia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Luther Rice College & Seminary Inc with other nonprofits in Georgia and across the country.