SOUTHLAND BIBLE INSTITUTE

EIN: 610510951 501(c)(3) Education

ASHLAND, KY

Total Revenue
$338,179
Total Expenses
$387,421
Total Assets
$1,419,707
Net Assets
$1,403,769
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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
1942
Legal Domicile
KY
Principal Officer
REV ARNOLD ADAMS
Tax Period
2023-07-01 to 2024-06-30

SOUTHLAND BIBLE INSTITUTE, founded in 1942, is a small nonprofit in the Education sector that reported $338K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $387K exceeded revenue, resulting in a 15% operating deficit.

Mission

BIBLE TRAINING FOR STUDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $157,452
Program Service Revenue $179,132
Investment Income $42
Other Revenue $1,553
TOTAL REVENUE $338,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,208
Fundraising Expenses $4,000
Program Expenses $363,421
Other Expenses $222,213
TOTAL EXPENSES $387,421

Year-over-Year Comparison

2023 2022 Change
Revenue $338,179 $413,201 -0.2%
Expenses $387,421 $366,276 +0.1%
Net Income $-49,242 $46,925 -2.0%
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

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Governance

Voting Members
9
Independent Members
7
Employees
6
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
5
$24,443
Total Directors
8
$14,900
Key Employees
1
$14,900
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV ARNOLD ADAMS PRESIDENT 40.00
Officer Director Key Emp
$14,900 $0 $14,900
LARRY SPENCER VICE PRESIDENT 20.00
Officer
$9,543 $0 $9,543
REV RICHARD MEEK BOARD MEMBER 1.00
Director
$0 $0 $0
REV WILLIAM SNODGRASS BOARD MEMBER 1.00
Director
$0 $0 $0
REV LARRY BURKHOLDER BOARD MEMBER 1.00
Director
$0 $0 $0
REV RICK ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
REV RANDALL BIEHL VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
REV TIM COMPTON CHAIRMAN 1.00
Officer Director
$0 $0 $0
RON RATLIFF SECRETARYTREASURER 1.00
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
2024 $338,179 $387,421 $1,419,707 $-49,242
2023 $413,201 $366,276 $1,463,888 $46,925
2022 $374,267 $355,523 $1,425,293 $18,744
2021 $375,162 $291,561 $1,404,996 $83,601
2020 $268,784 $312,964 $1,336,196 $-44,180
2019 $360,672 $350,811 $1,368,404 $9,861
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