FLORIDA SCHOOL OF PREACHING (EIN 591392749) - 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

1969

Legal Domicile

Principal Officer

BRIAN KENYON

Phone

8636834043

Tax Period

2023-07-01 to 2024-06-30

FLORIDA SCHOOL OF PREACHING, founded in 1969, is a small nonprofit in the Education sector that reported $671K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 17% operating margin.

Mission

TO TRAIN PREACHERS AND BIBLE CLASS TEACHERS FOR THE CHURCH OF CHRIST

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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 (2023)

Revenue Breakdown

Contributions & Grants $576,344

Program Service Revenue $0

Investment Income $95,634

Other Revenue $-759

TOTAL REVENUE $671,219

Expense Breakdown

Grants Paid $110,296

Salaries & Benefits $232,350

Fundraising Expenses $65,841

Program Expenses $387,219

Other Expenses $214,122

TOTAL EXPENSES $556,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$671,219	$969,197	-0.3%
Expenses	$556,768	$482,315	+0.2%
Net Income	$114,451	$486,882	-0.8%

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

$100,900

Total Directors

$105,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KENYON	VICE- CHAIRM	40.00	Officer Director	$91,600	$0	$91,600
TED WHEELER	CHAIRMAN	6.00	Officer Director	$9,300	$0	$9,300
BRUCE DAUGHERTY	DIRECTOR	3.00	Director	$4,650	$0	$4,650
STEVE ATNIP	DIRECTOR	3.00	Director	$0	$0	$0
PHILIP LANCASTER	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN RADFORD	DIRECTOR	N/A	Director	$0	$0	$0
ULEYSSES RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
TIM SIMMONS	SECRETARY	N/A	Officer Director	$0	$0	$0
CHAD TAGTOW	TREASURER	N/A	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	No data	No data	No data	No data
2024	$671,219	$556,768	$1,764,967	$114,451
2023	$969,197	$482,315	$1,585,831	$486,882
2022	$575,463	$364,135	$1,032,419	$211,328
2021	$392,790	$405,375	$962,416	$-12,585
2020	$364,622	$381,080	$838,631	$-16,458
2019	$421,559	$383,337	$860,296	$38,222
2018	$378,379	$402,112	$837,584	$-23,733

FLORIDA SCHOOL OF PREACHING