LOGOS UNIVERSITY INC

EIN: 593300248 501(c)(3) Education

Ocala, FL

Total Revenue
$188,690
Total Expenses
$210,020
Total Assets
$534,632
Net Assets
$534,632
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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
1994
Legal Domicile
FL
Principal Officer
Dennis Shearer
Phone
8007760127
Tax Period
2024-07-01 to 2025-06-30

LOGOS UNIVERSITY INC, founded in 1994, is a small nonprofit in the Education sector that reported $189K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $210K exceeded revenue, resulting in a 11% operating deficit.

Mission

Providing quality Christian College Education from Associates Degrees to Graduate and Post Graduate Degrees using both local and distance learning platforms.

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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 $700
Program Service Revenue $187,990
Investment Income $0
Other Revenue $0
TOTAL REVENUE $188,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,369
Fundraising Expenses $0
Program Expenses $210,020
Other Expenses $112,651
TOTAL EXPENSES $210,020

Year-over-Year Comparison

2024 2023 Change
Revenue $188,690 $171,877 +0.1%
Expenses $210,020 $170,576 +0.2%
Net Income $-21,330 $1,301 -17.4%
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
4
Independent Members
4
Employees
3
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
3
$42,650
Total Directors
4
$42,650
Key Employees
1
$42,650
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Shearer President 40
Officer Director Key Emp
$42,650 $0 $42,650
Ronald Johnson Vice President-Treasurer 4
Officer Director
$0 $0 $0
Eric Shonebarger Secretary 4
Officer Director
$0 $0 $0
Todd Steffy Trustee 0.5
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 $188,690 $210,020 $534,632 $-21,330
2024 $171,877 $170,576 $583,899 $1,301
2023 $173,199 $113,898 $606,011 $59,301
2022 $184,757 $129,799 $458,116 $54,958
2021 $140,083 $101,831 $445,777 $38,252
2020 $229,877 $212,898 $439,333 $16,979
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