ASBURY THEOLOGICAL SEMINARY (EIN 610445823) - 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

1931

Legal Domicile

Principal Officer

Bryan P Blankenship

Phone

8598583581

Tax Period

2024-07-01 to 2025-06-30

ASBURY THEOLOGICAL SEMINARY, founded in 1931, is a mid-sized nonprofit in the Education sector that reported $50.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $44.3M left a modest 12% surplus.

Mission

Asbury Theological Seminary is a community called to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and to spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,787,006

Program Service Revenue $24,603,494

Investment Income $12,264,745

Other Revenue $0

TOTAL REVENUE $50,655,245

Expense Breakdown

Grants Paid $12,421,029

Salaries & Benefits $19,664,533

Fundraising Expenses $1,292,817

Program Expenses $36,807,743

Other Expenses $12,239,324

TOTAL EXPENSES $44,324,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,655,245	$45,282,439	+0.1%
Expenses	$44,324,886	$43,353,684	+0.0%
Net Income	$6,330,359	$1,928,755	+2.3%

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

544

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

$484,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Tennent	Facalty	40		$246,714	$0	$246,714
Jay Mansur	Vice President	40	Officer	$201,866	$0	$201,866
Kevin Bish	Vice President	40	Highest	$177,530	$0	$177,530
Jay Barnes	Vice President	40	Highest	$159,243	$0	$159,243
Bryan P Blankenship	Vice President & Treasurer	40	Officer	$157,566	$0	$157,566
Emilio Alvarez	Faculty	40	Highest	$148,171	$0	$148,171
Gregg Okesson	Faculty	40	Highest	$146,442	$0	$146,442
John Ragsdale	Vice President	40	Highest	$145,446	$0	$145,446
David Gyertson	President	40	Officer	$125,360	$0	$125,360
Rurel Ausley	Trustee	1		$0	$0	$0
Sherree Funk	Trustee	1		$0	$0	$0
Ricardo Gomez	Trustee	1		$0	$0	$0
Andy Hurst	Trustee	1		$0	$0	$0
Anna Jackson	Trustee & Secretary	1		$0	$0	$0
E Dale Locke	Trustee	1		$0	$0	$0
Joao Carlos Lopes	Trustee	1		$0	$0	$0
Kyle Ray	Trustee	1		$0	$0	$0
Charles Savage II	Trustee	1		$0	$0	$0
Prabhu Singh	Trustee	1		$0	$0	$0
Helen Rhea Stumbo	Trustee	1		$0	$0	$0
Kenneth Werlein	Trustee	1		$0	$0	$0
James Dunn	Trustee	1		$0	$0	$0
Elaine Friedrich	Trustee	1		$0	$0	$0
David Olshine	Trustee	1		$0	$0	$0
Stephanie Raglin	Trustee	1		$0	$0	$0
Jill Brue	Trustee	1		$0	$0	$0
Greg Spillyards	Trustee	1		$0	$0	$0
Rodney Adams	Trustee	1		$0	$0	$0
Robin Lim	Trustee	1		$0	$0	$0
Lyndol Loyd	Trustee	1		$0	$0	$0
Peter Marra	Trustee	1		$0	$0	$0
Amy Wasserbauer	Trustee	1		$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	$50,655,245	$44,324,886	$375,021,059	$6,330,359
2024	No data	No data	No data	No data
2023	$34,624,370	$38,815,722	$359,303,307	$-4,191,352
2023	$34,624,370	$38,815,722	$359,303,307	$-4,191,352
2022	$77,871,146	$39,441,449	$363,518,683	$38,429,697
2021	$52,800,131	$37,102,998	$333,796,449	$15,697,133
2020	$33,165,613	$29,118,589	$279,583,970	$4,047,024
2019	$33,402,302	$29,347,647	$277,244,548	$4,054,655
2018	$33,289,997	$29,348,904	$275,579,338	$3,941,093

ASBURY THEOLOGICAL SEMINARY