ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC

EIN: 611164593 501(c)(3)

Wilmore, KY

Total Revenue
$-993,671
Total Expenses
$5,337,503
Total Assets
$2,041,724
Net Assets
$1,041,724
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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
1988
Legal Domicile
KY
Principal Officer
Bryan P Blankenship
Phone
8598583581
Tax Period
2024-07-01 to 2025-06-30

ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC, founded in 1988, is a micro nonprofit that reported $994K in total revenue in fiscal year 2024. Revenue fell 107% from the prior year — a significant decline worth monitoring.

Mission

Theological Education Fundraising

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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 $78,549
Program Service Revenue $0
Investment Income $-1,072,220
Other Revenue $0
TOTAL REVENUE $-993,671

Expense Breakdown

Grants Paid $5,250,052
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,337,503
Other Expenses $87,451
TOTAL EXPENSES $5,337,503

Year-over-Year Comparison

2024 2023 Change
Revenue $-993,671 $13,507,298 -1.1%
Expenses $5,337,503 $6,341,000 -0.2%
Net Income $-6,331,174 $7,166,298 -1.9%
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
5
Independent Members
5
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tammy Hogan Board Member 0.5
$0 $0 $0
Sherree Funk Board Member 0.5
$0 $0 $0
Helen Rhea Stumbo Board Member 0.5
$0 $0 $0
Bryan P Blankenship Treasurer 0.5
Officer
$0 $0 $0
Anna Jackson Secretary 0.5
Officer
$0 $0 $0
David Gyertson President 0.5
Officer
$0 $0 $0
Jay Mansur Vice President 0.5
Officer
$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 $-993,671 $5,337,503 $2,041,724 $-6,331,174
2024 $13,507,298 $6,341,000 $8,372,898 $7,166,298
2023 $1,000,000 $793,400 $1,206,600 $206,600
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